DEVA Party Leader Ali Babacan Calls for Change in International Financial Architecture
Ali Babacan, leader of the DEVA Party, stated that the international financial architecture established after World War II is no longer capable of addressing contemporary economic issues. Babacan emphasized the inadequacy of the current system and stressed the need for countries to collaborate and form new regional structures.
Babacan highlighted the importance of collective action by nations to make international mechanisms more effective. He suggested that countries should focus on cooperation and the creation of new financial regulations that can better address the needs of the global economy.
Ali Babacan’s remarks draw attention to the necessity of transforming the existing international financial framework and establishing more effective solution mechanisms. His proposals underscore the need for adopting more collective and innovative approaches to resolve economic challenges.