28-11-22 JERUSALEM POST 28-11-22 – As Turkey gears up for next year’s crucial elections, Qatar and Saudi Arabia are both reportedly preparing billions of dollars in funding for the country.
- With Turkey’s sputtering economy likely to play a central role in the June 2023 elections, Saudi Arabia is considering depositing $5 billion in Turkey’s central bank, while Qatar is looking to provide up to $10 billion in funding, perhaps in the form of a currency swap.
- President Recep Tayyip Erdoğan has vowed yet again to stick with his unorthodox policy of cutting interest rates to try to tame inflation. The central bank cut rates again last week.
Erdoğan is also pursuing a more aggressive foreign policy ahead of the elections, including by continuing to launch airstrikes in northern Syria and ramping up tensions with fellow NATO member Greece. A U.S. official in Syria said that the United States is “deeply concerned” by Turkey’s “unacceptably dangerous” actions in Syria, while observers have suggested that Ankara’s recent moves could imperil its efforts to obtain new F-16s from United States.
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| Over the last week, fans from Arab states in Qatar have bullied and boycotted Israeli fans and journalists. |
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