TURKISH FINANCE MINISTER BERAT ALBAYRAK RESIGNS

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Mon 09 October 2020:

Turkish Finance Minister Berat Albayrak said he is stepping down because of health reasons and to spend more time with his family.

“After serving in ministerial posts for nearly five years, I took the decision not to continue my duty [as finance minister] due to health issues,” said on Sunday.

He added he would spend more time with his family whom he said he “neglected” during his political life, according to a statement on his Instagram account.

The resignation was confirmed by officials at the finance ministry, broadcaster HaberTurk reported.

Albayrak, 42, is married to Erdogan’s elder daughter Esra and has been finance minister since 2018. He was energy minister before that between 2015 and 2018.

Albayrak has presided over a rough period in the Turkish economy. The country was recovering from a currency crisis in 2018 when the coronavirus pandemic hit and Albayrak’s stewardship came under much criticism.

Whether the resignation will be accepted by Erdogan is not known and Turkish officials have not made any statements on the development yet.

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