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Mehmet Şimşek Minister of Finance

Mehmet Şimşek Minister of Finance. Main Messages. Political Stability. Rapidly Growing Economy. ( % ). Source: T URKSTAT. Real Convergence with Advanced Economies. Income Per Capita ( PPP , % ) . Source: IMF, OECD, T URKSTAT. Low Deficit. Budget Deficit -to- GDP , %.

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Mehmet Şimşek Minister of Finance

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  1. Mehmet Şimşek Minister of Finance

  2. Main Messages

  3. Political Stability

  4. Rapidly Growing Economy (%) Source: TURKSTAT

  5. Real Convergence with Advanced Economies Income Per Capita (PPP, % ) Source: IMF, OECD, TURKSTAT

  6. Low Deficit Budget Deficit-to-GDP, % Medium-Term Program (2013-15) Maastricht Criteria: 3% Achieved Maastricht Criteria except 2009 Source: Ministry of Development

  7. Lower Public Debt Debt-to-GDP, % Maastricht Criteria: 60% Medium-Term Program (2013-15) Satisfying Maastricht Criteria since 2004 Source: Treasury

  8. Declining Inflation Rate (y/y, %) Lowestrate for the past44 years Source: TURKSTAT

  9. Well-Capitalized Banking Sector Capital Adequacy Ratio, % Target Rate 12% Legal Rate 8% Source: BRSA

  10. Low Household Leverage (Household Liabilities, % of GDP, 2012) Source: CBRT, ECB

  11. Moderate Corporate Leverage (Corporate liabilities, %, GDP) Source:CBRT, Cetinkaya, March 2013, BRSA

  12. GDP 2.5 times 2050 $5trillion 2.5 times 2023 $2trillion 2002 3.5 times 2012 $786 billion 2002 $230 billion 2050 Source: TURKSTAT, Medium-Term Program,PwC

  13. GDP per Capita 2 times 2050 $ 50,000 2002 2.3 times 2023 $ 25,000 3.1 times 2012$10,497 2002 $ 3,492 2050 Source: TURKSTAT, Medium-Term Program,PwC

  14. Ambitious Targets Target 2012 (GDP-PPP) Source: IMF, PricewaterhouseCoopers

  15. Determinants of Long-Term Growth

  16. Improving Quality of Institutions Source: WB, WEF, Transparency International, OECD

  17. Priorities & A Strong Reform Agenda

  18. Favorable Demographics Share of 15-24 years old in Total Pop. (%) Source: Eurostat

  19. Region: Offering Vast Opportunities

  20. Blessed Geography

  21. MENA: Demographics Source: IMF, 2012

  22. Extremely favorable demographics * Source: Eurostat, 2007 census

  23. MENA:A Sizeable Market Yemen $58 Source: IMF, 2012

  24. With Strong Growth Prospects MENA GDP (Current Prices, $ Tn) Source: IMF, 2012

  25. Supported by Huge Investment Projects Source:11th Power-Gen Middle East Conference, Mena Economic Forum Feb 2013

  26. But Regional Integration is Limited…

  27. MENA Trade: Exports are Sizeable, but… Source: WTO, 2012

  28. Openness Source: Behar, A. and C. Freund, 2011, The Trade Performance of the Middle East and North Africa

  29. Trade Links are growing b/w Turkey & MENA Share of MENA in Turkish Exports (%) Source: TURKSTAT

  30. But Investments are still limited Turkey Source: CBRT

  31. Turkey & MENA: Complementary Regions

  32. Growth Opportunities

  33. Tourism (Millionpeople)

  34. AgricultureSector in Turkey Source: World Bank, Ministry of Agriculture

  35. Construction Source: Global Construction 2020

  36. Investment in Transportation

  37. Projects of the Century -I

  38. Projects of the Century - II

  39. Worldenergydemand is projectedtogrowby40%until2030. Turkey’s energy demand is projected to grow by 146% until 2030. Huge Investment Needs in Energy Source: Ministry of Energy and Natural Resources

  40. Thank You!

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