Kemal Dervis, Turkey’s recently appointed state minister in charge of the economy, has said that it was important for the country to overcome its economic troubles before summer, reported the Anadolu news agency.
On March 2, Turkish Prime Minister Bulent Ecevit delivered to his cabinet a decree appointing Dervis, who is officially still a deputy chairman of the World Bank. Ecevit stated that Dervis has immense experience in international economic relations, and this would prove extremely important for Turkey during these difficult times.
“There are two or three difficult weeks ahead of us,” Dervis said afterward. “What is important is to overcome the economic troubles before summer and end this year in a positive way.”
Dervis said that he would visit the United States in March to submit his written resignation to the World Bank. During the visit he intends to speak to US government representatives about the state of Turkish economy.
Prior to his latest appointment, Dervis had been managing the World Bank's poverty reduction programs and also served as its global network head for economic management and policy issues.
He joined the research department at the World Bank in 1978. Appointed division chief for industrial strategy and policy in the global industry department in 1982, he served in this capacity until 1986, when he was appointed chief economist for the Europe, Middle East, and North Africa region. From 1987 until 1996 he was first director of the North Africa department, and then director for Central Europe at the beginning of the transition to market economies.
Dervis was also responsible for launching the World Bank/European Union coordinated program for the reconstruction of Bosnia. In January 1996, he became regional vice president for the Middle East and North Africa region — the position he held prior to his current appointment.
Before joining the World Bank, Dervis was a faculty member at the Middle East Technical University and Princeton University. He was educated at the London School of Economics, where he received his bachelor's and master's degrees in Economics, and at Princeton, where he received his Ph.D. in Economics. — (Albawaba-MEBG)
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