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Ali Babacan (Turkish pronunciation: [aˈli babaˈdʒan]; born 4 April 1967) is a Turkish politician, economist, and engineer. He is the founder and current leader of the Democracy and Progress Party (DEVA). He served 13 years as the Minister of Foreign Affairs, Minister of Economy, Chief Negotiator for the EU and Deputy Prime Minister of Turkey from 2002 to 2015. He was a member of the parliament as well.
He first served as the Minister of State in charge of economic affairs in the 58th cabinet from the Justice and Development Party (AKP). He retained this position throughout the 58th and 59th Governments of the Republic of Turkey. On 29 August 2007 he was appointed as the Minister of Foreign Affairs of the 60th Government of the Republic of Turkey.[1] During 2009–2015, he served as the Deputy Prime Minister for Economic and Financial Affairs of Turkey.
Ali Babacan had the duty of steering a harsh economic reform program, which was backed by multibillion-dollar IMF loans; under his leadership, the Turkish economy achieved a remarkable recovery after two severe crises.[2][3] He mostly stayed away from the Turkish political arena and focused on economic reforms, acting more like a technocrat.
In 2019, Babacan left the AKP, citing "deep differences" over the party's direction as a reason, and founded the Democracy and Progress Party (DEVA) in 2020.[4] DEVA eventually joined the Nation Alliance, opposing AKP and Turkish president Erdoğan.
- ^ "Ali Babacan". Republic of Turkey Ministry of Foreign Affairs. Archived from the original on Sep 21, 2023.
- ^ "Turkey and IMF reach accord on $10bn loan". Financial Times. April 12, 2005. Retrieved 2021-12-04.
- ^ "Surging Turkish growth raises fears". Financial Times. December 12, 2011. Retrieved 2021-12-04.
- ^ Butler, Daren (March 9, 2020). "Turkey's Babacan applies to launch new party, calls for more democracy". Reuters. Archived from the original on Jan 16, 2023.