Driving Economic Transformation Insights from Turkey’s Finance Ministry
- Melisa Faralyali
- Nov 1, 2024
- 2 min read
Lately, I’ve been thinking about how different leaders are shaping Turkey’s role in the world. Every speech and policy decision feels like part of a bigger story about who we’re becoming. I listened to Finance Minister Mehmet Şimşek just a couple of days ago, and was moved by his remarks. Up until that point, I felt economics was far away, simply percentages and figures that meant nothing. But as soon as he started talking about the government's plans, I knew it was different. It wasn’t just about data or the goals—it was how policy reflects values, priorities, and the kind of country we’re trying to become.
Şimşek didn’t sugarcoat anything and clearly mentioned that our growth is slow right now. Yet, his main idea or belief that really left an impression on me was that “progress takes time”. Like a true leader, he advised us to be patient and trust the process, and at the same time, emphasised the need to keep a strict monetary policy to fight inflation. I mean, if you ask me, sure, things like lower oil prices or a strong dollar help. But for him, the real issue is trust. And trust—he made clear—takes time and can’t be faked.
Though what I really find engaging is the fact that all decisions are not only restoring the domestic economy but also changing the approach of other countries to us. Obviously, when the economy is stable, the other participants in international relations are interested in ties and investments with you. This shows that we are serious – not only about funds, but really about becoming a credible player on the international scene. It’s kind of like running a country is almost like a business deal; a business of the most polished behavior and manner.
My favorite aspect of Turkey has always been its location between East and West. We're stuck in the middle of two worlds, trying to make the most of both. But this is meaningless unless other countries view us as a nation aligned with global standards and values. These reforms are significant not just because they address current challenges, but also because they steadily strengthen relations with other countries, particularly the EU. I'm starting to see what ties everything together: good policy, improved partnerships, and being more visible in global discussions.
As a student trying to understand all this, I didn’t expect to care so much about fiscal policy. But hearing Şimşek made me realize that leadership isn’t about catchy slogans or quick wins. Sometimes it’s about being steady, even when progress is slow. And that, surprisingly, gave me comfort. It reminded me that slow, consistent effort—even when unnoticed—can lead to something lasting.
Turkey’s economic shift isn’t just about finance. It’s also about building long-term strength and meaningful relationships with the world. As I continue this blog series, I’m excited to keep learning from the people guiding our future, one careful step at a time.
Comments