The Package, FATF and the BRICS

TURKEY - Report 23 Jun 2024 by Murat Ucer and Atilla Yesilada

The Treasury and Finance Minister Mehmet Simsek will brief the CHP economics team on the Economic Stabilization Program on Monday, in yet another sign that President Erdogan is committed to normalization despite Bahceli’s objections.

Turkey has decided to join BRICS+, probably to alleviate Putin’s concerns that she is “backsliding” towards the Western alliance.

It is not certain but very likely that Turkey will graduate from the FATF Gray List by the end of the month, which is a moderate positive for external funding and the credibility of Minister Simsek.

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