Turkey’s finance minister has warned of negative implications for the country’s slowing economy from the corruption scandal that has engulfed Ankara’s political elite and triggered a slide in the lira.
Mehmet Simsek, speaking to the Financial Times, acknowledged that there was a risk that some investors would deterred in the wake of the corruption probe and emerging doubts about the rule of law.
“We are faced with a significant challenge . . . Whether or not the legal developments have [a] negative impact on foreign direct investment, we will see, but we are committed to improving the investment climate.”
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