President Erdoğan: Transparency and cooperation are essential to combat global financial inequality

President Recep Tayyip Erdoğan sent a video message to the 64th World Federation of Exchanges General Assembly and Annual Meeting. He expressed his hope that the general assembly, hosted by Borsa Istanbul, would be auspicious and stated that Turkey is implementing a comprehensive economic program to maintain balanced and inclusive growth, strengthen production capacity, and ensure lasting financial stability.

Borsa Istanbul is on its way to becoming the leading market in the region with digitalization and sustainable finance.

President Erdoğan stated that the financial sector is at the center of the program and that the depth, product diversity, and accessibility of capital markets have improved.

President Erdoğan stated that Borsa Istanbul is taking firm steps towards becoming the leading market infrastructure provider in Turkey and the entire region, and emphasized that it is increasing the global competitiveness of the exchange ecosystem with digitalization, sustainable financing, and participation-based products.

President Erdoğan underlined that the Istanbul Financial Center is the product of a strong vision that aims to become a hub for financial services, and said:

"Capital markets should not only be profit-oriented but also consider social and environmental impact."

The World Federation of Exchanges General Assembly, held here today with representatives of stock exchanges from around the world, is important for shaping the future of capital markets based on shared wisdom. Turkey is ready to share its deep-rooted experience not only to achieve its own goals but also to ensure financial stability at the regional and global levels. We believe that capital markets should be managed not only with a profit-focused approach but also with an eye on social and environmental impact.

"Transparency and cooperation are essential to combat global financial inequality."

Money laundering, illicit fund transfers, and manipulative transactions undermine confidence in global markets. We are strengthening our international cooperation against these threats and prioritizing the development of transparency, oversight, and information-sharing mechanisms. Another crucial point is that global economic inequalities necessitate developing solutions that increase the inclusiveness of the financial system. The gap between the world's richest and poorest is widening, and income inequality is deteriorating more than ever. I believe that joint efforts under the umbrella of the World Federation of Exchanges will contribute to closing this gap.

President Erdoğan stated that he found Borsa Istanbul's active participation in all processes and management of the Federation very valuable and expressed his hope that the meeting would be beneficial.