Ali Babacan Net Worth is$500 Thousand
Ali Babacan Salary is$100 Thousand
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Birth Date: 1967/4/4
Birth Place: Ankara, Turkey
Office: Deputy Prime Minister of Turkey
Alongside: Cemil Çiçek and Bülent Ar?nç
Term Start: 1 May 2009
Predecessor: Naz?m Ekren
Office 1: List of Ministers of Foreign Affairs of Turkey
Term Start 1: 29 August 2007
Term End 1: 1 May 2009
Predecessor 1: Abdullah Gül
Successor 1: Ahmet Davuto?lu
Office 2: Minister of State
Term Start 2: 18 November 2002
Term End 2: 29 August 2007
Predecessor 2: Masum Türker
Successor 2: Mehmet ?im?ek
Alma Mater: Middle East Technical University, Kellogg School of Management
Religion: Islam
Party: Justice and Development Party (Turkey)
Spouse: Ülkü Zeynep Babacan (m. 1995)
Children: Mustafa Kerem, Fatma Dilara, Hilmi Emir
Ali Babacan (Turkish pronunciation: [a'li baba'd?an]; born 4 April 1967 in Ankara, Turkey) is a Turkish politician and the current Deputy Prime Minister of Turkey responsible for the Economy. He was previously Minister of Economy in the 58th cabinet from the Justice and Development Party (AK Party). On August 29, 2007, he was named Minister of Foreign Affairs of in the cabinet of re-elected Prime Minister Recep Tayyip Erdogan. Babacan succeeded Abdullah Gul, who became President.
Babacan graduated from Ankara College ranking first among the class of 1985. He attended the Middle East Technical University in Ankara and in 1989 was awarded a BSc in Industrial Engineering with the highest marks. He went to the U.S. on a Fulbright Scholarship to do postgraduate studies and in 1992 received an MBA from the Kellogg School of Management at Northwestern University in Evanston, Illinois, with majors in marketing, organizational behavior and international business.
Babacan worked then for two years as an associate at QRM, Inc. in Chicago, Illinois, a company doing financial consulting to the top executives of major banks in the United States. He returned to Turkey in 1994 and, served as chief advisor to the mayor of Ankara the same year. He was the chairman of his family owned textile company between 1994 and 2002.
He entered politics in 2001 as a co-founder and a Board member of the Justice and Development Party and was elected to parliament as deputy for Ankara on November 3, 2002. He was appointed Minister of Economy on November 18, 2002 and became the youngest member of the cabinet, then at the age of 35.
Babacan had the duty to steer a painful economic reform program, which was backed by multi-billion-dollar IMF loans; with its help Turkish economy achieved a remarkable recovery after two severe crises. He stayed always away from the rough-and-tumble of the Turkish political arena and focused solely on the economic reform, acting rather as a technocrat withou

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Ali Babacan Latest News

Turkish Deputy PM Reiterates Pledge to EU Criteria

ANKARA -- Ali Babacan, Turkey's Deputy Prime Minister for Economy said that in the bid for Turkey's EU accession, Justice & Development (AK) Party have made improvements such as October's democracy package but much has still to be done. Babacan ...
Posted: March 4, 2014, 10:24 am

Deputy PM: Central bank prepared to act to support lira

ANKARA – The Turkish central bank has the authority and responsibility to intervene on exchange rates, Deputy Prime Minister Ali Babacan said on Thursday. The central bank follows the development of the rate of exchange of the lira within the ...
Posted: February 12, 2015, 1:37 pm

Turkey Moving Forward with Bosphorus Strait Bypass Canal

"We believe that this is a very realistic project that will be talked about by the world," said Deputy Prime Minister Ali Babacan. Babacan said the country's Higher Planning Council has decided to go forward with the project. IBIA's Unni Einemo says that ...
Posted: April 21, 2013, 7:37 pm
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