Turkish president Recep Tayyip Erdoğan is set to appoint Mehmet Şimşek as finance and treasury minister, according to a person familiar with the negotiations, a move that would bring back to the government an economist who is widely respected by foreign investors.
Şimşek, a former senior Merrill Lynch economist, would be re-entering Turkey’s government at a time when the country’s $900bn economy is under intense strain and foreign investors have fled after years of unconventional policies pursued by Erdoğan’s government.
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