European Bank for Reconstruction and Development (EBRD) President Odile Renaud-Basso said, “The most encouraging thing for us is that the private sector in Turkey is extremely dynamic. rapid regrowth capacity is among the resistance factors of its economy. ” said.
Renaud-Basso met with authorities and company executives over the internet and said that she will make a virtual visit to Turkey.
Reminding that they are celebrating the 30th anniversary of the EBRD, Renaud-Basso stated that they will continue to focus on areas such as green energy, women’s and youth participation in the economy, promoting equal opportunities and digitalization.
Emphasizing that Turkey is the country with the highest share in the EBRD’s investment portfolio, Renaud-Basso said, “Turkey is the country where we have the biggest activity. We invested 1.7 billion euros in Turkey in 2020. We have invested 13 billion euros in total since today. This is a huge investment. ” used expressions.
Stating that 94 percent of their investments in Turkey are in the private sector, Renaud-Basso noted that Turkey is a very high quality country for the EBRD. Renaud-Basso said, “We do not have a country-based investment target. (In 2021) Our expectation is to make an investment of about 1 to 1.5 billion euros at the same level in Turkey. We hope to continue our strong activity.” He spoke as.
“TURKEY HAS A GROWTH CAPACITY”
Odile Renaud-Basso emphasized that Turkey is one of the high quality partners of the EBRD and said, “The most encouraging thing for us is that the private sector in Turkey is extremely dynamic.” said.
Underlining the dynamic and resilience of the Turkish economy, Renaud-Basso said that the Turkish economy is one that can resist the COVID-19 epidemic. Renaud-Basso continued:
“In the past, the Turkish economy has been an extremely resilient economy. Turkey has the capacity to grow again. For example, it happened in the crisis of 2008. Turkey has a very large and strong consumer base and its capacity to grow again quickly, the resilience of its economy. is among the elements.
When we look at the G20 countries, Turkey is the only country that showed growth in 2020 along with China. When we look at the countries in which we operate, there are 3 countries that showed positive growth last year; Turkey, Egypt and Uzbekistan. “
Expressing that they have welcomed the signs to ensure stability in monetary policy in Turkey, Renaud-Basso emphasized that the stability is of a very high quality to support private sector investments.