'Turkey's economic crisis linked to corruption, mismanagement', says Former PM
"Economy is not something in vacuum. Economy is part of a legal order, rule of law," Davutoğlu emphasized, linking economic stability to democratic governance and transparency.
Nov. 19, 2024
ERBIL (Kurdistan 24) – Former Turkish Prime Minister Ahmet Davutoğlu attributed Turkey's current economic challenges to widespread corruption and financial mismanagement since 2016, revealing stark contrasts with economic indicators during his tenure.
In an exclusive interview with Kurdistan24's Farhad Rasool, Davutoğlu noted that when he resigned as prime minister in May 2016, inflation was at 6.5%, producer inflation at 3.2%, and the dollar was trading at 2.7 Turkish lira. He emphasized that the current economic crisis isn't primarily due to international factors.
"Unfortunately, in Turkey, there was a very big mismanagement of financial policy until recently. There was also a huge corruption," Davutoğlu stated. He pointed to his proposed 2016 political ethics law as a pivotal moment of divergence between himself and the current government.
The Future Party leader criticized the presence of money laundering and "Mafia type organizations" in the current economic system. He called for comprehensive reforms across all economic sectors, including new legal frameworks to guarantee investments and rational financial policies.
"Economy is not something in vacuum. Economy is part of a legal order, rule of law," Davutoğlu emphasized, linking economic stability to democratic governance and transparency.
