Turkey sought to calm international investors on Tuesday amid days of protests sparked by the arrest of President Recep Tayyip Erdoğan’s chief rival last week.
The jailing of Istanbul mayor Ekrem İmamoğlu, the country’s most popular politician, caused political and financial turmoil after igniting the biggest public protests in more than a decade and spurring investors to sell Turkish assets over rule of law concerns.
As protesters engaged in a seventh night of demonstrations, finance minister Mehmet Şimşek and central bank governor Fatih Karahan held a conference call with international investors on Tuesday to reassure them they would stick with the government’s recovery programme for the $1.3tn economy.
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