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Turkey needs to improve its image to restore investors’ confidence

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The Turkish economy faces a number of key structural problems and conjectural challenges. However, the main issue that the country must immediately resolve is its poor image abroad and the eroding of confidence in potential investors’ eyes.

Turkey needs to improve its image abroad to revive investors’ confidence in the country and to allow its entrepreneurial dynamism to flourish, a top official from the World Bank’s private sector arm, the International Finance Corporation (IFC), told me this week.

IFC Vice President Dimitris Tsitsiragos said Turkey should focus on restoring its image after a recent tough period.

“Turkey has come a long way since 2000. Its income per capita has nearly tripled in nominal terms, employment has increased, and standards of living have improved across vast parts of the country. The private sector has worked hand in hand with the authorities to achieve this progress, by creating new jobs and providing rising wages. The challenge now is........

© Hürriyet Daily News