6/9/2008

Global money masters to convene in Istanbul

Today’s Zaman - The top managers of 18 multinational companies, steering combined wealth of over $750 billion, are coming together in Istanbul on June 18 to participate in a meeting of the Investment Consulting Council. Prime Minister Recep Tayyip Erdoğan will preside over the meeting. The First Deputy Managing Director of the International Monetary Fund (IMF) John Lipsky and the World Bank Vice President and Treasurer Graeme Wheeler are also expected to attend. In a written statement, the Treasury Undersecretary said the council had gathered four times since it was spearheaded by the Turkish government in 2004. "The meeting aims to bring about an international perspective to studies to improve the investment environment in Turkey," the statement read. It underlined that the decisions crystallized in these meetings have helped Turkey in attracting foreign direct investment (FDI) in recent years. The companies scheduled to send representatives to Istanbul for the meeting are Alshaya, American International Group (AIG), Cisco Systems, Citi, Danone Group, Eldorado Gold Corporation, Fiat SpA, Finmeccanica SpA, Hyundai Motor Company, Indesit Company SpA, ISCAR Ltd., ITOCHU Corporation, MANGO.