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Dec 13 2018

Erdoğan unveils action plan including new development fund

Turkish President Recep Tayyip Erdoğan unveiled his government’s second 100-day action plan, which included tasks to be completed ahead of local elections in March.

Erdoğan said the government would focus on targeting the financial resources of the Fethullah Güllen movement abroad as Turkey sought to undo the network of the group, which it says masterminded a failed military coup in July 2016.

On the economic front, Erdoğan said the government would establish a “Financial Stability and Development Committee” to develop the finance sector and ensure financial stability. It would also form a development fund to boost investments of the private sector and generate funding for high technology projects, he said, according to state-run Anadolu news agency.

Turkey will start construction of the TürkStream natural gas pipeline and finish it by the end of next year, Erdoğan said. Tighter supervision of the border with Iran will also be introduced, including CCTV and movement sensors, he said. Mines there would be cleared, he added.