Institute of International Finance

Finance Minister Mehmet Şimşek will be in the United States this week for G20 and World Bank meetings, and he is also expected to meet with investors during his visit.

The inexperience of the SYRIZA government (2015-2019) forced Greece to undergo another five tough years, noted Charles Dallara, the former Institute of International Finance head who in 2012 led negotiations on a major haircut on Greece's private-held debt, known as the private sector involvement (PSI).

Türkiye is a big growth boom waiting to happen, said Robin Brooks, chief economist at the Institute of International Finance (IIF).

Foreign investors who remained aloof from Turkey for a few years are edging back in, drawn by a promise of some of the biggest returns in emerging markets and a pledge of economic and legal reforms, according to money managers.

Turkey's risk premium in international markets saw a significant fall as the country returned to orthodox economy policies.

Global debt hit an all-time high with $255 trillion in 2019, topping 322% of gross domestic product (GDP), the Institute of
International Finance (IIF) said on April 7. 

"Following a moderate rise of $3.3 trillion in 2018, the pace of debt accumulation was much faster at over $10.8 trillion in 2019," the IIF said in a statement.

Global debt jumped $9.6 trillion to reach $252.6 trillion year-on-year in the third quarter of 2019 -- an all-time high -- the Institute of International Finance said on Jan. 13.

Total debt totaled more than threefold (322 percent) the global GDP, the U.S.-based institute announced.

The global debt-to-GDP ratio hit a new all-time high of over 322 percent in the third quarter of 2019, with total debt reaching close to a record $253 trillion, the Institute of International Finance (IIF) has said.

Total debt across the household, government, financial and non-financial corporate sectors surged by some $9 trillion in the first three quarters of last year.

Ukraine is likely to need a new IMF bailout program in the coming years to plug an up to $5.5 billion-a-year hole in its finances, the Institute of International Finance has warned.