Ali Babacan
![](https://upload.wikimedia.org/wikipedia/commons/6/6c/Ali_Babacan_-_World_Economic_Forum_Annual_Meeting_2023_%28cropped%29.jpg)
He first served as the Minister of State in charge of economic affairs in the 58th cabinet from the Justice and Development Party (AKP). He retained this position throughout the 58th and 59th Governments of the Republic of Turkey. On 29 August 2007 he was appointed as the Minister of Foreign Affairs of the 60th Government of the Republic of Turkey. During 2009–2015, he served as the Deputy Prime Minister for Economic and Financial Affairs of Turkey.
Ali Babacan had the duty of steering a harsh economic reform program, which was backed by multibillion-dollar IMF loans; under his leadership, the Turkish economy achieved a remarkable recovery after two severe crises. He mostly stayed away from the Turkish political arena and focused on economic reforms, acting more like a technocrat.
In 2019, Babacan left the AKP, citing "deep differences" over the party's direction as a reason, and founded the Democracy and Progress Party (DEVA) in 2020. DEVA eventually joined the Nation Alliance, opposing AKP and Turkish president Erdoğan. Provided by Wikipedia
-
1
-
2by Ali Babacan, Yaşam Kemal Akpak, Okan Özden, Selami Süleymanoğlu, Ersin Öztürk, Ercüment MüngenGet full text
Published 2015-06-01
Article -
3by Ali Babacan, Yaşam Kemal Akpak, Nuri Kaya, İlhami Gül, Murat Muhcu, Ercüment Müngen, Selami SüleymanoğluGet full text
Published 2015-06-01
Article