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132 Rue du Faubourg Saint Denis- 75010 Paris | F. +33 1 40 38 66 95 | ueroglu @fmdv.net

1. 132 Rue du Faubourg Saint Denis- 75010 Paris | F. +33 1 40 38 66 95 | ueroglu @fmdv.net. 2. 132 Rue du Faubourg Saint Denis- 75010 Paris | F. +33 1 40 38 66 95 | ueroglu @fmdv.net. Economic Overview of Turkey . Great increase per Capital (US$ ) .

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132 Rue du Faubourg Saint Denis- 75010 Paris | F. +33 1 40 38 66 95 | ueroglu @fmdv.net

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  1. 1 132 Rue du Faubourg Saint Denis- 75010 Paris | F. +33 1 40 38 66 95 | ueroglu@fmdv.net

  2. 2 132 Rue du Faubourg Saint Denis- 75010 Paris | F. +33 1 40 38 66 95 | ueroglu@fmdv.net

  3. Economic Overview of Turkey • Great increase per Capital (US$ )

  4. Economic Overview of Turkey • Strong GDP Growth Rate

  5. Economic Overview of Turkey • Greatly Reduced Inflation

  6. Economic Overview of Turkey • BBB-Turkey is good within the investment grade category category Kaynak: Fitch Ratings

  7. Economic Overview of Turkey • Domestic Savings Kaynak: Fitch Ratings

  8. Economic Overview of Turkey • Current Account Deficit Kaynak: Fitch Ratings

  9. Financial Environment of Local Governments in Turkey • Obligation of Strategic Planning for Local Governments ( According to 5393 Number Law of Municipality since 2009) • Total Consolidated Budget of Municipalities,2009 Revenue Expenditure • Net Budget Deficit = 5.749.942.000 TL Bin TL Kaynak: Muhasebat Genel Müdürlüğü,2011

  10. Overiew of Financial Infrastructure • The legal andreulatoryframeworkgoverninglocalgovernmentandthecapitalmarkets in Turkey is sufficientlydevelopedtopermittheestablishment of a subsovereignbond market. • Number 5393th MunicipalLaw • Number 5018thPublicFiscalManagementLaw • Number 4749thPubliFinane & DebtManagementLaw • Number 2499thCapital Market Board Law

  11. Overiew of Financial Infrastructure II. Institutions essential to creation of a sub– soverign bond market are in place. III. The corporate bond market has begun to take off in response to series of financial reforms implemented by the government. IV. Development of an Istanbul International Financial Center which has the capaity to deal in sub-soverign bond is a high priority for the government.

  12. X project Significant correlations between Local / Public needs and investment Evaluation Implementation Technical, Financial, Institutional Capacity and sustainabilty analysis Funding Getting the Local Economy to Finance the Local Development

  13. 13 132 Rue du Faubourg Saint Denis- 75010 Paris | F. +33 1 40 38 66 95 | contact@fmdv.net

  14. Activities of FMDV 1. Technical assistance & financial engineeringfor projects • Specifically based on city to city cooperation • Currently working on environmentally friendly transportation, urban planning, risks management, urban infrastructure implementations in Antananarivo, Dakar, Guarulhos, Mexico, etc. 2. Dissemination of information on urban financing (technical workshops, publication, seminars) • Publication on urban resilience, 4 technical seminars at Africités in Dakar, a speech given during high-level discussions with the United Nations 3. Specific programmes: “REsolutions to Fund Cities” 14

  15. REsolutions to Fund Cities Rethinking Economic Solutions to Sustainably Fund Local Development REsolutions promotes the World Urban Campaign

  16. Thank you for your attention! www.fmdv.net Contact: ueroglu@fmdv.net

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