International Monetary Fund

Şimşek meets with Yellen

Treasury and Finance Minister Mehmet Şimşek has met with U.S. Treasury Secretary Janet Yellen on the sidelines of the G20 finance ministers and central bank governors' summit in Brazil.

"I met with Minister Mehmet Şimşek to discuss how Türkiye and the United States can work together to address crucial regional issues," Yellen wrote on the social media platform X.

Shipping insurance rates soar on Red Sea missile attacks

Attacks by Yemen's Huthi rebels on commercial ships in the Red Sea have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates and longer alternative trade routes.

The Huthis have carried out relentless attacks since November on shipping transiting the Red Sea, a maritime hub through which 12 percent of global trade usually passes.

Finance Minister Vassilev Confirms Bulgaria's 2025 Eurozone Entry Target

In a significant diplomatic engagement at the International Monetary Fund (IMF) headquarters in Washington, Bulgaria's Finance Minister Asen Vassilev engaged in a comprehensive discussion with Managing Director Kristalina Georgieva, underscoring the nation's steadfast commitment to joining the Eurozone by January 1, 2025.

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