Gaye Erkan met with Federal Reserve Chairman Powell

Treasury and Finance Minister Mehmet Şimşek and CBRT Chair Gaye Erkan, who were in Marrakech, Morocco, for the annual meetings of the World Bank and the IMF, met with Federal Reserve Chair Jerome Powell, for about 40 minutes.

According to a source close to the matter, bilateral meetings were held in Marrakech with the presidents of the United States and the Central Bank of Brazil.

On the other hand, the same source stated that investor meetings were held with Barclays and Deutsche Bank.

Şimşek, who had contacts in London last week, will attend the annual meetings of the World Bank and the IMF today and tomorrow.

Erkan’s program in Morocco includes meetings with Blackrock, JPMorgan, Deutsche Bank and central bank governors.

THEY SEEK TO ATTRACT FOREIGN INVESTORS

Although economic management aims to reverse the outflow of foreign investments that has been occurring for years by explaining the economic program in these meetings, lately the interest of foreign investors in Turkish markets has been increasing.

Şimşek will meet investors in Paris on October 19 and then travel to Abu Dhabi, Doha and Riyadh. Şimşek said that during this visit the first concrete steps of the 50 billion dollar investment program with the United Arab Emirates will be taken. (REUTERS)