Investors wonder most about future of stability in Turkey: Babacan

Sadi Özdemir - WASHINGTON

AA Photo

Deputy Prime Minister Ali Babacan has said the most common question to him during his latest U.S. visit has been about whether political stability will remain after the June 7 elections and if the ruling Justice and Development Party (AKP) will keep governing the country. 

“Foreign investors and representatives from the United States, World Bank and IMF have all asked many questions about what will happen to the stability in Turkey after the elections. They also wonder whether the AKP will take the majority of the seats to change the constitution. Another concern is about whether there will be a problem arising from the election threshold,” Babacan said during his U.S. visit. 

He also added nobody has asked him any question about the presidential system. 

Babacan noted his political situation has been known. 

“Many investors know that I will not run for parliament as we have a three-term rule to restrict the mandate of our party’s lawmakers for three consecutive terms at the parliament. We have told them about the corporate policies of our party and there will be no problem in maintaining the economic policies,” he said. 

Babacan said hundreds of steps will be taken to ensure transformation in 25 pre-defined areas in the plans approved by the parliament. 

“We have made detailed work to make our country have freer democracy, to have well-educated human sources and to be stronger in geopolitical terms. We also emphasize the importance of freedom of entrepreneurship. These all constitute the manifesto of the economy,” he said. 

Babacan said steps will be made to realize the pre-defined judicial reform.