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Turkey's alternative against investor-defrauding financial institutions

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19.05.2017

President Recep Tayyip Erdoğan reiterated Turkey's theses in his meeting with U.S. President Donald Trump, which is considered to be a 'historic' summit. Turkey will not compromise; the thinking is that a country that defends its interests until the end also means that it has a good economic path. However, exactly for this reason, an unfair attack is being carried on the Turkish economy and its institutions nowadays.

One of the most unfairly criticized practices within this framework is the steps taken by the Credit Guarantee Fund (CGF). The second is the new and active monetary policy framework developed by the Central Bank of the Republic of Turkey (CBRT).

For instance, a Far Eastern investment company said in a recently published report, "In addition to this more cyclical concern, we are also worried about the authorities' 'insistence' on sustaining credit flow at the expense of prudent macroeconomic policies, as suggested by the recent plans to allow the CRBT to purchase securitized loans in order to inject liquidity into the banking system."

This statement is incoherent in all its aspects. First of all, have you heard from the CRBT itself that it has such a plan? It is not possible to have heard that, because the CRBT does not have such a plan. Do not mistake the CRBT for the technically........

© Daily Sabah