Mehmet Şimşek Predicts 2026 as a Year of Greater Prosperity

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Message from Minister Mehmet Şimşek: Navigating Temporary Financing Constraints and Future Opportunities

Minister of Treasury and Finance, Mehmet Şimşek, emphasized that the economy is currently experiencing a short-term tightening in access to financing. He assured stakeholders that swift implementation of new support packages tailored to the evolving economic landscape and sector-specific needs is a top priority.

Strategic Outlook: Building Foundations for Prosperity in 2026

In an exclusive interview with Ece Ceyhun of Dünya newspaper, Şimşek highlighted the progress made through the disinflation program, noting that it has led to a decrease in external vulnerabilities, bolstered resilience against economic shocks, and enhanced macro-financial stability. He expressed confidence that these developments set the stage for sustainable, inclusive growth that extends beyond fleeting fluctuations.

Şimşek articulated a forward-looking vision, stating, “2026 will be a year where prosperity becomes more tangible, opportunities will broaden, and economic confidence will be significantly reinforced.”

Proactive Support Measures in Response to Financing Challenges

Addressing concerns from the business community, Şimşek detailed ongoing and upcoming support initiatives:

• Currently, there exists a temporary restriction in access to financing.
• Despite this, tradespeople, producers, and exporters remain outside the TL credit growth limits.
• The government actively subsidizes a substantial portion of the financing costs for loans utilized by farmers and traders, covering 70% of the costs for farmers and 50% for traders and exporters.
• Support for exporters has reached historic heights: the daily rediscount credit limit has been increased by 13 times, and the capital of Eximbank has been quadrupled.
• In the previous year, the government facilitated 49 billion dollars in financing to 18,000 exporters, with 83% being SMEs. The current year’s target is set at 52 billion dollars, with 15.7 billion dollars disbursed in the first four months alone.
• Collateral issues are being addressed through diversified options, including bank guarantees, guarantees from guarantee institutions, real estate mortgages, personal and corporate guarantees, and open credits.
• To bolster SMEs, the government has activated 15 different Treasury-backed guarantee packages, offering a total of 114 billion TL in financing opportunities. Recently, 50 billion TL was allocated specifically for exporting SMEs, and a new support package of 30 billion TL was announced for manufacturing SMEs.

Şimşek reaffirmed the commitment to rapidly deploying new support packages aligned with current economic conditions and sector demands. He emphasized the importance of focusing resources on manufacturing sectors with capacity gaps to foster sustainable growth.

Supporting this vision, initiatives such as YTAK, Hit-30, and innovative investment incentives are central to the government’s strategy to promote production and competitiveness.

Closing Remarks: A Collective Path Towards Economic Resilience

This article has been thoughtfully crafted, translated, and reviewed with the support of artificial intelligence by Vezir Agency. For detailed terms and conditions, please refer to our official website.