There are offers worth billions on the table, I’m making them wait.
As the Turkish economy seeks 1 cent from abroad, Central Bank Governor Hafize Gaye Erkan stated that billionaire investors who want to invest directly in Turkey are being kept waiting. In response to questions from deputies in the Planning and Budget Commission of the Grand National Assembly of Turkey, Mayor Erkan gave an interesting response to criticism that there is no confidence in TL and the economy, foreign investors are reluctant to come to Turkey and the ministers are literally asking for money abroad. Erkan said: “Currently we are getting billions of dollars of direct investment offers from abroad. This comes from fund and asset management. “It started to emerge with an atmosphere of stability and confidence in the economy,” he said.
‘THEY COME FROM THE USA’
Erkan asked parliamentarians: “Are these incoming investment demands coming from Europe or the Gulf?” Responding to questions: “Since I have been working in the United States for 22 years, the people who come to me are usually from the United States and the World Bank. Anyway, the World Bank is not a loan. “The World Bank is an investment made at very reasonable prices to be part of the success story of our Turkey and our nation, and it is an investment that is made just as we wish,” he said. Erkan continued: “But in addition to this, I have a billion-dollar offer letter on my desk that can directly tap into our reserves, and we will not return it because we want to accept it at the price we want, on the conditions we want. “They call me all the time, we have the luxury of coming back to our advantage.”
Regarding the offers, Hafize Gaye Erkan said: “We do not return the offers because we want to accept them at the price we want and on the conditions we want.”
“It is possible that they have proposed harsh conditions”
President Gaye Erkan’s remarks raised suspicions that foreign direct investors may have proposed tough conditions for coming to Turkey and that those who wanted to bring in funds may have opportunistically demanded high interest rates. Experts noted that some direct investors who wanted to come to Turkey in the past demanded free land and tax incentives, as well as changes to some laws against Turkey, and assessed that “since they remain on the table, they are probably not real investors, but opportunists.”