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Postby tujue » Mon Nov 19, 2018 10:30 pm

ISTANBUL Christian McCaffrey Jersey , Dec. 11 (Xinhua) -- Turkey's G20 presidency officially and practically took its start with the first meeting of Finance and Central Bank Deputies in Istanbul on Thursday.


Turkish Deputy Prime Minister Ali Babacan explained three words will guide Turkey's policies during its presidency: inclusivity, implementation and investments, while addressing to senior government officials from more than 100 countries


He said Turkey has concrete targets that will be for the interest of the whole globe.


Among Turkey's targets there are struggles against poverty, corruption and global inequality filling the gap between the developed and underdeveloped world.


"We aim to make the G20 reach out to low income countries and take care of countries that are not G20 members in an inclusive way," Babacan announced earlier in December.


During two days of Istanbul's meeting the deputies will discuss the global issues of the world economy, investment and infrastructure, and factors of strong, sustainable, balanced growth.


The members of the G20 include the EU and 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States.


2015, G20 leaders' summit will be held in November in the southern touristic province of Antalya.


Turkey has undertaken the presidency from Australia on December 1. Ankara will handover the presidency to Beijing in 2016.


G20 brings together the leaders of 85 percent of the world's GDP and constitutes 75 percent of the world's trade.


Turkey has been dealing with both the internal and international turbulences which have been effecting its economy for quite long time.


The country has been trying to cope with the political crisis, chaos and the wars in the Middle East.


Especially the wars in Syria and Iraq constitute the biggest part of the problem. Since four years Ankara has been providing refugees for almost 2 million US dollars.


There is also the growing terrorism threat posed by radical terrorist organization the Islamic State (IS).


Another factor that irritated Ankara recently was the unexpected low rate of economic growth.


According to the latest data released by TurkStat, Turkey's GDP growth rate was measured as 1.7 percent in the third quarter of 2014. The figure is also the lowest growth since the fourth quarter of 2012, which was 1.4 percent.


Turkey is expected to possess 3.3 percent growth in 2014. Last year the country achieved 4.1 percent of growth.


Moreover the general election that will be held in June in 2015. All these factors will force Ankara to hold its economy on sound track.

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tujue
 
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