President Erdoğan: Turkey’s success in dealing with the pandemic has further increased the interest in our country
President Recep Tayyip Erdoğan addressed via videoconference the 12th International Conference on Islamic Economics and Finance (ICIEF).
Stating that as a result of the COVID-19 pandemic, the world has entered a new era during which drastic changes will take place, President Erdoğan underscored that Turkey is one of the leading the countries that have overcome the pandemic process with the least damage.
“TURKEY HAS MOBILIZED ITS OWN RESOURCES”
Drawing attention to Turkey’s strong healthcare infrastructure and the comprehensive economic and social support packages provided to the citizens, President Erdoğan, noting that as opposed to borrowing from international organizations, Turkey has mobilized its own resources, said: “We do not take into consideration the predictions of credit rating agencies that have lost their objectivity and credibility. As we have repeatedly done, we will once again frustrate doomsayers. As a matter of fact, the production, trade and tourism have revived since we implemented the normalization plan. Turkey’s success in dealing with the pandemic has further increased the interest in our country. We will, inshallah, plan to come out of the crisis stronger by turning this interest into an opportunity in the period ahead.”
“WE AIM TO MAKE ISTANBUL THE CENTER OF ISLAMIC FINANCE AND ECONOMICS”
Also touching upon what he called “the current global economic architecture”, President Erdoğan said over-financing has created a bloated economic model in which social and humanitarian costs are ignored, and that an Islamic economics and finance model which focuses on people is the alternative to the current crooked order. Pointing to the companies founded for the improvement of the interest-free system in Turkey, President Erdoğan stated: “We aim to make Istanbul, located at the intersection of continents and cultures, the center of Islamic finance and economics as well.”
