At the Economy Coordination Board (EKK) meeting held today, the economic targets and strategies determined for 2024 were discussed comprehensively. It was emphasized that monetary and fiscal policies were effectively coordinated with the economic program implemented last year.
At the meeting, the goals of sustainable growth, reducing inflation to single-digit levels and increasing employment through efficiency-based production came to the fore. It was stated that steps were taken towards a value-added production structure in order to increase competitiveness. It was announced that active industrial policies will be implemented for technological renewal and transformation in the industrial sector.
In addition, the importance of the work carried out in cooperation with relevant parties to facilitate the real sector’s access to finance in order to support industrial transformation was emphasized. The role of programs such as the Updated Investment Incentive Program (YTAK) and HIT-30 in this process was also evaluated.
The main agenda items of the meeting included the effects of labor-intensive sectors and the manufacturing industry on the disinflation process, the development of long-term investment loans and access to international financing resources. EKK consulted on solutions to the challenges faced by the industrial sector and additional steps to be taken.
Source: www.dunya.com
