March 1, 2024

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The new government was marked by the return of Mehmet Simcek, an expert on economic recovery

The new government was marked by the return of Mehmet Simcek, an expert on economic recovery

there Turkey itself There is a new government. Renewed for five years on May 28 As the country’s leader for the third time, President Recep Tayyip Erdogan unveiled a new executive on Saturday evening, calling for an expert to straighten out the economy, especially foreign affairs and defense.

The list is there to reassure financial markets with the arrival of Mehmet Simsek. The 56-year-old, who has been circulating forcefully for days, announced that he was taking over the economy ministry. Erdogan After the afternoon swearing in Ankara.

Objective: End the decline in interest rates

Already Minister of Finance (2009-2015) and then Deputy Prime Minister in charge of the economy (until 2018), Mehmet Simsek, a former economist at the US bank Merrill Lynch, will have the task of restoring a modicum of orthodoxy in the country’s fiscal policy. To restore investor confidence.

In particular, he must end the policy of downward interest rates championed by the President to stimulate manufacturing, but above allinflammation 73% on average in 2022 and up to 85% last fall.

The State Department’s chief of intelligence

Among the notables is former head of MIT, Hakan Fidan, who replaced Mevlut Cavusoglu, the Turkish intelligence service, as head of the State Department. Hakan Fidan, who has headed the “services” since May 2010, is an Erdogan loyalist who has already been a diplomatic adviser for three years. “He’s the keeper of my secrets, the keeper of state secrets,” the president admitted in 2012, describing him as “a very well-trained civil servant.”

According to a Western diplomatic source, Hakan Fidan has been “his trusted man for many years” and leads negotiations with the Arab world, Egypt, the Emirates, Libya and Syria. .

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Cevdet Yilmaz was appointed vice president

Finally, in Defence, the Chief of Staff of the Armed Forces, Yasser Guler, succeeds Hulusi Agar, the former Chief of Staff who has held the position since July 2018. Hulusi Agar was regarded as an anti-artisan. The July 2016 coup failed.

After twenty years in power, first as prime minister, Erdogan has appointed a new vice president, Cevdet Yilmaz, a loyal member of his AKP party, Diyarbakır’s deputy and a former minister for several terms. In all, the cabinet, which will meet for the first time on Tuesday, has seventeen ministers.