The economic management convened to evaluate the structural measures envisaged in the Medium-Term Program (MTP). Following the 8th meeting chaired by Vice President Cevdet Yilmaz, a written statement was issued.

The meeting of the Economic Coordination Committee (ECC) took place at the Presidential Complex under the chairmanship of Vice President Cevdet Yilmaz. The meeting was attended by Treasury and Finance Minister Mehmet Simsek, Labor and Social Security Minister Vedat Isikhan, Energy and Natural Resources Minister Alparslan Bayraktar, Industry and Technology Minister Mehmet Fatih Kacir, Agriculture and Forestry Minister Ibrahim Yumakli, Trade Minister Omer Bolat, AK Party Group Deputy Chairman Abdullah Guler, Vice Chairman Nihat Zeybekci, Presidential Strategy and Budget Director Ibrahim Senel, Central Bank Chairman Fatih Karahan, and representatives of relevant institutions and organizations. In the written statement issued after the meeting, it was emphasized that the economic program initiated last year was being consistently pursued with effective coordination, yielding positive results. The statement noted the continuation of the disinflation process that started in June, with more balanced growth, increasing employment, and keeping the unemployment rate in single digits. It was mentioned that the improvement in the trade balance led to a significant decrease in the current account deficit and an increase in reserves. The decline in credit risk premium and the ongoing upgrades by international credit rating agencies indicate strengthened macro-financial stability. The statement included the following: “POLICIES TO IMPROVE THE BUSINESS AND INVESTMENT ENVIRONMENT WILL BE CONTINUED” The statement highlighted that structural reforms supporting the monetary and fiscal policies of the program were rapidly implemented on a schedule, aiming at sustainable balanced growth, reducing inflation to single digits, increasing productivity-based production, exports, and employment through structural reforms. It stated the following: “Industrial transformation will take place to ensure value-added production that will enhance our competitiveness. Policies will be implemented to strengthen workforce skills, R&D, and innovation ecosystems to adapt to changing needs, accelerate green and digital transformation efforts, and continue policies to improve the business and investment environment. The ECC meeting held today comprehensively discussed the measures related to structural reforms. In addition to the 42 reform measures included in the MTP covering 2024-2026, a total of 79 actions were discussed, including 37 additional measures in the updated MTP. Of these actions, 31 are related to growth and trade, 13 to human capital and employment, 6 to price stability and financial stability, 19 to public finance, and 10 to the business and investment environment. Our main goal is to swiftly implement reform steps to make our economic gains permanent and take them further. The scheduled structural reforms and their progress will be closely monitored in future ECC meetings.”