Lutfi Elvan

New Finance Minister Lutfi Elvan (C) speaks to media after a ceremony marking the 82th anniversary of the death of Mustafa Kemal Ataturk at the mausoleum in Ankara, 10 November 2020. Photo: EPA-EFE/STR

Turkish President Recep Tayyip Erdoğan replaced the country's finance minister on Dec. 2.

According to a presidential decree issued near midnight, Erdoğan accepted the resignation of Lütfi Elvan and appointed his deputy Nureddin Nebati as the new finance minister.

Elvan had been in the role since November 2020.

A growth model would not be sustainable if not based on efficiency development, Treasury and Finance Minister Lütfi Elvan said in a parliament commission meeting on Nov. 12.

Turkish President Recep Tayyip Erdoğan and his U.S. counterpart will meet on Oct. 31 on the sidelines of the G20 summit in Rome, a senior U.S. official said.

The NATO allies had been expected to hold a bilateral at the U.N. summit climate in Glasgow next week, but a senior U.S. administration official briefed reporters on Oct. 30 that it would take place Sunday morning.

Turkish President Recep Tayyip Erdoğan arrived early on Oct. 30 in Rome to attend the 16th G20 summit. 

Erdoğan was welcomed at the Fiumicino-Leonardo da Vinci International Airport by Ankara's Ambassador to Rome Ömer Gucuk and Vatican Ambassador Lutfullah Göktaş, as well as the staff of the Rome and Vatican embassies.

Turkey's Treasury and Finance Minister Lutfi Elvan said on Oct. 14 he participated in a G20 ministerial meeting in the US.

"We have discussed global inflation pressures, recent increase in commodity prices and rising global debt at the meeting," Elvan wrote on Twitter.

Turkey's economy is projected to expand 9% this year and grow a further 5% in 2022, according to the country's medium-term economic program published in the Official Gazette late on Sept. 5. 

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The Turkish economy is in a steady recovery period, Treasury and Finance Minister Lütfi Elvan has told some members of the ruling Justice and Development Party (AKP) group in parliament.

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The Turkish government is determined to fight against the adverse effects of stimulus policies adopted during the pandemic, such as high inflation, exchange rate volatility and risk premium increase, Treasury and Finance Minister Lütfi Elvan said on Aug. 20.

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Turkey's president on Aug. 7 received the visiting prime minister of Libya.

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Recep Tayyip Erdoğan and Libya's Abdul Hamid Dbeibeh had a one-on-one closed-door meeting at the Vahdettin Mansion in Istanbul that lasted for an hour-and-a-half.

The leaders later attended a meeting between by the countries' delegations.