People walk past by a branch of the Turkish Halkbank in central Istanbul, 2020. Murad Sezer/Reuters MER Article The Shifting Politics of Debt in Turkey State-sponsored credit campaigns are not a new strategy for Turkish governments but the low-interest consumer loans that were extended to almost 7 million people in the first months of the Covid-19 pandemic surpassed all earlier financial inclusion programs. Inviting masses into the financial sector Ali Rıza Güngen • 13 min read
People walk past by a branch of the Turkish Halkbank in central Istanbul, 2020. Murad Sezer/Reuters Current Analysis The Shifting Politics of Debt in Turkey State-sponsored credit campaigns are not a new strategy for Turkish governments but the low-interest consumer loans that were extended to almost 7 million people in the first months of the Covid-19 pandemic surpassed all earlier financial inclusion programs. Inviting masses into the financial sector Ali Rıza Güngen • 13 min read