Lightning: Improved Risk Premium Eases Access to External Financing While Lowering Costs

Forex - The Minister of Treasury and Finance, Mehmet Şimşek, stated that access to external financing has become easier due to the improving risk premium, while the cost of external financing has also decreased. In a statement made via his X account, Şimşek reminded that Turkey's CDS risk premium has fallen below 250 basis points. Şimşek conveyed the following messages: "The CDS, which has dropped to its lowest level since February 2020, is one of the most concrete indicators of the confidence in our economic program and the achievements of the program. The decline compared to May 2023 is an average of 49 basis points in emerging countries, while in our country it is 456 basis points. Thanks to our improving risk premium, access to external financing has become easier, and the cost of external financing is also decreasing."