Nebati to meet with counterparts in US

Treasury and Finance Minister Nureddin Nebati will meet with his counterparts, executives of international organizations and global companies on the sidelines of the IMF-World Bank meetings in Washington, D.C., this week.

According to a statement released by the ministry on April 16, Nebati will attend the gathering of G20 finance ministers and central bank chiefs in the U.S. capital city.

He will also address representatives of think tanks and non-governmental organizations to explain the recent developments in the Turkish economy and the economic policies followed amid the rising global risks and deteriorating outlook.

The government's new approach, dubbed as Turkey Economy Model, prioritizes a current account surplus, increasing exports, GDP growth and expansion in employment while keeping interest rates low.

The Spring Meetings of the IMF and World Bank will be held from today to April 24.

The annual meetings will take place in the shadow of the Russian invasion of Ukraine.

"During this week policymakers, experts, influencers and other key stakeholders will convene to discuss these challenges, participate in a wide-ranging series of events, and design pathways forward to build on the policies and programs already under implementation by the World Bank Group and its partners," the global lender said in a statement.

"This engagement includes the more than $200 billion in COVID-19 support to public and private sector clients since the start of the pandemic, the $26 billion provided for climate change in 2021, and recent commitments of nearly $1.5 billion in support to Ukraine to complement the more than $700 million provided at the onset of the war there," it added.

The IMF and the World Bank will release...