The 37-member organisation's new report shows a trend of significant financial recovery across the world. In terms of least GDP changes from pre-pandemic projections, Turkey stands second only to the US in 2021
The rating agency revises Turkey's economic growth rate to 4 and 5 percent for 2021 and 2022, respectively.
US-based multinational banking and financial services company JP Morgan also revised its estimate for Turkey's economic growth for 2020 from 1.1 percent to 1.9 percent.
Leaders of world's 20 biggest economies say they would ensure a fair distribution of Covid-19 vaccines, drugs, and tests around the world so that poorer countries were not left out, according to a final summit communique.
In high-stakes webinar, President Erdogan tells leaders of powerful countries that Turkey is the only NATO member fighting "hand-in-hand" against Daesh in Syria.
The minister also referred to the US saying he was confident that Democrat Joe Biden's incoming administration would pursue policies that help regional stability and that any discussions with it would lead to strong cooperation.
Turkish President Erdogan tells powerful G20 leaders that developed countries didn't give a "good test of solidarity" in pandemic, adding countries with weaker economies should not be left to their fate.
World's top economies are virtually debating Covid-19 action plan and measures to stem the pandemic's impact on global economies, including debt relief for the poorest countries.
Major creditors, including China, will be expected to follow the common guidelines laying out how debt which is deemed unsustainable can be reduced or rescheduled.
Rights watchdog accuses G20 of "bolstering" Riyadh's efforts to portray the Arab country as "reforming" despite its "unrelenting assault on freedoms."
The African country struggles to convince lenders that it cannot pay its debt, preferring to divert money to saving lives at home.
Rights groups reminded mayors of the world's leading cities of Saudi Arabia's bad human rights record and said that should be reason enough to not attend Riyadh’s Urban20 Summit.
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