Reuters report that foreign investors are returning to Turkey to understand whether the Turkish elections could bring a tidal change for its economy and financial markets.

  • According to several investors and bankers involved, large foreign lenders organised trips and calls for clients to meet current Turkish policymakers and opposition officials and advisers.
  • The investor visits and conference calls have ramped up in recent weeks and will continue through April. One person familiar with the plans said a trip next week organised by Spanish lender BBVA includes clients representing some $1.5 trillion in debt-related assets across emerging markets.
  • While some analysts expect that an opposition victory in the presidential and parliamentary vote would bring a sharp rally in the lira currency, others expect more uncertainty given that monetary tightening could slow economic growth.

TURKEY: Foreign Investors Assessing Post-Election Turkey Outlook

Last updated at:Mar-24 12:35By: Hiren Ravji

Reuters report that foreign investors are returning to Turkey to understand whether the Turkish elections could bring a tidal change for its economy and financial markets.

  • According to several investors and bankers involved, large foreign lenders organised trips and calls for clients to meet current Turkish policymakers and opposition officials and advisers.
  • The investor visits and conference calls have ramped up in recent weeks and will continue through April. One person familiar with the plans said a trip next week organised by Spanish lender BBVA includes clients representing some $1.5 trillion in debt-related assets across emerging markets.
  • While some analysts expect that an opposition victory in the presidential and parliamentary vote would bring a sharp rally in the lira currency, others expect more uncertainty given that monetary tightening could slow economic growth.