Politics · Turkey · 1 hr ago
Turkey expects interim payments after law on troubled funds
Turkey’s Economic Coordination Board met in Ankara under Vice-President Cevdet Yılmaz to discuss economic issues.
The board said work to wind up troubled funds is being coordinated by relevant institutions.
A bill intended to ensure the process is fair, transparent and legally protected has passed parliament’s Planning and Budget Commission.
It must still be discussed and enacted by parliament’s General Assembly.
Interim payments are expected to start soon after enactment, though no exact start date was given.
The board expects the developments to have limited effects on the financial system and real economy.
It also stressed the importance of measures to improve confidence in and the effectiveness of capital markets.
Turkey’s Economic Coordination Board said interim payments for troubled funds are expected to begin soon after a related bill becomes law.
The bill, intended to support the funds’ liquidation under fair, transparent and legally secure conditions, was approved by a parliamentary commission.
It still needs to be debated and passed by the Turkish parliament’s General Assembly.
The board said the effects of the developments on the financial system and real economy are expected to remain limited.
Deputy President Cevdet Yılmaz chaired the board meeting at the Presidential Complex on October 19, 2026.
- Who
- Turkey’s Economic Coordination Board, chaired by Deputy President Cevdet Yılmaz.
- What
- The board said interim payments for troubled funds are expected to start soon after a related bill becomes law.
- When
- October 19, 2026. The payments are expected to begin after the bill is passed.
- Where
- The meeting took place at the Presidential Complex in Ankara.
- Why
- The payments are part of efforts to address the liquidation of troubled funds.
This story does not have two clearly opposing sides.
The Economic Coordination Board meeting began at the Presidential Complex under Cevdet Yılmaz’s chairmanship.
The meeting ended and the board said interim payments were expected to begin soon after the bill became law.
- Meeting chair
- Cevdet Yılmaz
- Meeting venue
- Presidential Complex
- Meeting start
- About 09:45 on October 19, 2026
- Bill status
- Approved by the parliamentary Plan and Budget Commission; awaiting General Assembly debate and passage
- Expected payments
- Interim payments to begin soon after the bill becomes law
3 sources
What people are saying
We expect interim payments to begin as soon as possible after the proposal is debated and becomes law in the General Assembly of the Turkish Grand National Assembly.