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26 Jan 24
Rising inflation has prompted the Turkish central bank to raise interest rates to 45% as the country continues to reverse its controversial loose monetary policy approach.
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25 Jul 23
Turkey gets export finance deal to start high-speed rail link
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7 Jul 23
The Turkish government is set to hike corporation taxes and vehicle duties to help fund the reconstruction costs from devastating earthquakes earlier this year.
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23 Jun 23
Turkey has nearly doubled its interest rates, reversing its longstanding controversial approach of loosening monetary policy to deal with extraordinarily high inflation.
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21 Mar 23
The devastation caused by last month’s earthquakes in Turkey have led the European Union lending arm to override its years-long ban on providing finance to the country.
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28 Feb 23
Earthquakes that devastated Turkey caused at least $34bn of damage to infrastructure, and billions more might be needed for the country to fully recover, the World Bank has said.
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21 Feb 23
The US government has pledged to send $100m of additional aid to Turkey, after the country was hit by devastating earthquakes.
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7 Feb 23
Rescue and aid efforts have been mobilised in Turkey and Syria following devastating earthquakes.
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15 Feb 22
Ratings agency Fitch has downgraded Turkey’s credit rating to ‘B+’, after the nation’s central bank policy of cutting lending rates saw inflation leap.
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17 Jan 22
Turkey’s budget deficit reached a record high in December after a challenging month for the country’s currency was accompanied by rising prices.
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3 Dec 21
Turkey’s finance minister has left his job in the midst of a sharply declining lira and steadfastly high inflation, and will be replaced by his deputy who one week ago defended the country’s...
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27 Sep 21
Turkey’s central bank has cut its benchmark policy rate despite inflation being so high that borrowing costs were already negative in real terms, a move that one economist said points to undue...
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7 May 21
Turkey’s central bank has kept its benchmark rate constant at 19% for a second time since the country’s president sacked the governor who raised the rate to that level.
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15 Apr 21
The first meeting of Turkey’s monetary policy committee since president Recip Tayyip Erdogan sacked his previous central bank governor has frozen the country’s benchmark interest rate.
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23 Mar 21
President Recep Tayyip Erdogan has unexpectedly fired the governor of Turkey’s central bank just three months into his term.
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13 Aug 20
Higher funding needs from responding to Covid-19 along with declining oil sales will lead to greater sukuk issuance this year by the largest sovereign issuers, despite its decline as an overall share...
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24 Sep 19
The International Monetary Fund has warned the “current calm [surrounding Turkey’s economy] appears fragile”, despite its economy rebounding from last year’s recession.
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23 Apr 19
Turkey’s government may be ignoring warning signals and could be pushing the economy towards a cliff edge, a leading analyst has warned.
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9 Jul 18
More than 18,000 Turkish civil servants have been sacked for allegedly posing a security risk to the state.
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14 Mar 18
European Union funding to help Turkey prepare itself for EU membership has had only a “limited effect”, auditors have found.
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16 Sep 16
Traditional humanitarian responses to global crises are underfunded and often miss their mark. As new donors emerge and the benefits of more local approaches are recognised, does the western aid...
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25 Sep 15
“Massive and transformational” universal health coverage programmes are reducing the number of people impoverished by paying for the health care, a World Bank report has found.
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27 May 15
A round-up of recent public finance stories from Europe you might have missed.
26 Jan 24Rising inflation has prompted the Turkish central bank to raise interest rates to 45% as the country continues to reverse its controversial loose monetary policy approach.
25 Jul 23Turkey gets export finance deal to start high-speed rail link
21 Mar 23The devastation caused by last month’s earthquakes in Turkey have led the European Union lending arm to override its years-long ban on providing finance to the country.
27 Sep 21Turkey’s central bank has cut its benchmark policy rate despite inflation being so high that borrowing costs were already negative in real terms, a move that one economist said points to undue...
13 Aug 20Higher funding needs from responding to Covid-19 along with declining oil sales will lead to greater sukuk issuance this year by the largest sovereign issuers, despite its decline as an overall share...
14 Mar 18European Union funding to help Turkey prepare itself for EU membership has had only a “limited effect”, auditors have found.
16 Sep 16Traditional humanitarian responses to global crises are underfunded and often miss their mark. As new donors emerge and the benefits of more local approaches are recognised, does the western aid...
25 Sep 15“Massive and transformational” universal health coverage programmes are reducing the number of people impoverished by paying for the health care, a World Bank report has found.
27 May 15A round-up of recent public finance stories from Europe you might have missed.
