Meeting the goals of the New Economic Program would boost international investments
In her statement regarding the 2020-2022 New Economic Program (NEP) announced by the Minister of Treasury and Finance Berat Albayrak; Ayşem Sargın, Chairperson of the International Investors Association (YASED), has said the investment environment would be rejuvenated as credit channels will be opened if the New Economic Program's goals of increasing domestic demand and growth are met.
Sargın has said that the annual growth rate goal of 5% for the 2020-2022 period will also ensure the growth of companies and investments in Turkey, adding that the domestic market will be rejuvenated and contribute to this growth if the goal of reducing the inflation rate to 4.9% in 2022 set up in the NEP is to be met.
Expressing that an assessment of the NEP, whose main theme is 'Transformation Begins', shows an emphasis on real sector-oriented growth based on exports, Sargın has said: "The NEP aims to achieve a current account deficit of zero in addition to a growth rate of 5% in 2022. This shows that export and production-oriented economic policies will be developed. We are seeing a program coherent with the goals of the 11th Development Plan. Carrying out the steps set out in the Development Plan, first and foremost the project-based investment incentive system, as well as supporting primary sectors, facilitating growth for companies by relieving the financial sector, added value production and improving qualified employment would ensure a boost in international direct investment flow, for which our country's need is now greater than ever."
With contributions of Vodafone