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 İstanbul Gelisim Vocational School - myo@gelisim.edu.tr

Banking And Insurance








 The Problem of Access to Finance was Discussed at the 14th Competition Congress


Orhan, President of the Turkish Industrialists' and Businessmen's Association, stated that rapid investments should be made in these areas in order to realize the green and digital transformation of our economy, but investment indicators do not support the need for structural transformation in the economy because investments have two conditions: predictability, macroeconomic stability and access to favorable financing opportunities.



The fact that the main determinant of predictability is the inflation rate, our country is the sixth country with the highest inflation rate in the world with 85%, and the unavoidable uncertainty in the value of the TL does not allow us to fight the global conditions that are not in our favor today and to benefit from the new opportunities that green and digital transformation will offer in the future. For households and companies, high inflation constantly creates unpredictability, uncertainty, distorted resource allocation and added costs. By declaring a total mobilization in the fight against inflation, the inflation problem on the economy should be resolved with fiscal policies and structural policies towards sectors, as well as monetary policy.

Orhan stated that both the bankers and the business world could not access credit, as there was a real decline in credits since 2020. He said that if the problems continue, which economic goals will be achieved with the low interest policy should be addressed once again.

Source