Türkiye determined to put structural reforms into effect

By Tuba Ongun

ANKARA (AA) – The Turkish government is determined to bring structural reforms into effect in a bid to boost the economy’s competitiveness and productivity, said a statement following an economic coordination meeting led by President Recep Tayyip Erdogan on Monday.

With structural reforms that complement monetary policy, Ankara aims to reduce inflation to single digits in the medium term and permanently improve social welfare by setting stable growth, it said.

"Enabling more balanced and sustainable growth, maintaining the hike in employment, the disinflation process, increasing productivity, the recovery in the current account balance, and protection of social welfare will be among the main priorities in 2024," it said.

The first economic coordination meeting of this year discussed legislative efforts to regulate the crypto asset ecosystem and the work on reforming governance of state-owned enterprises to support the sustainability of public finances.

Türkiye aims to get off the grey list of the international crime watchdog Financial Action Task Force (FATF) while taking necessary steps to prevent abuse on crypto platforms and risks for users.