Turkey debate: Turkey works to bridge its funding gap
Turkey’s economy is growing fast and the country has a large number of infrastructure projects in the pipeline. But with its corporates also on the hunt for more funding, the country’s banks cannot meet all the demand themselves.
• Turkey has a fast growing economy with many funding needs
• Foreign investment must be encouraged
• Centralized, more streamlined, approval process required for PPPs
• Infrastructure needs are substantial. The number of projects in need of finance points to a potential funding gap
• Turkey remains a very attractive investment opportunity over the next 10 years
|Turkey debate: Participants|
Elliot Wilson, Euromoney How can we close the gap between Turkey’s aspirations – the amount of money that needs to be raised to build the country – and the reality, which sees capital raising constrained by issues including underdeveloped capital markets and legal uncertainty over concessions?
There’s a lot of privatization going on as well in infrastructure, creating some overlap in the demand for funding in areas like energy, transport and other sectors.