Turkey is not helping the world

Turkey is not helping the world

Recep Tayyip Erdogan is seeking support from neighbors, avoiding to go to the IMF.

The situation on the financial market in Turkey has led many economists to say that the country may need financial help from outside. However, the International monetary Fund (IMF) said that he had not received from the Turkish government to request that assistance. At the same time, after a meeting with President Recep Tayyip Erdogan, Qatari authorities announced the investment in the Turkish economy $15 billion.

The Turkish Lira on Thursday rose 3% against the dollar after Wednesday night, the government of Qatar announced plans to invest $15 billion in the Turkish economy. The Emir of Qatar, Sheikh Tamim bin Hamad bin Khalifa al-Thani pledged that his country will support “their brothers in Turkey.” In his Twitter account, the Emir said: “In the important negotiations that I spent last Friday with His Highness President Erdogan, we are announcing the allocation of $15 billion for investment projects in the country, which has a strong and productive economy.”

Press Secretary of the President Erdogan Ibrahim Kalin said that the Turkish authorities give “special attention to this visit as a sign that Qatar supports Turkey”. Details of the investment are not disclosed, but it is known that they will focus on the financial industry.