[Twitter] Mohamed A. El-ErianVerified account @elerianm
#Bloomberg reporting #Qatar pledged $15 billion "in direct investments in #Turkey."
This is part of the #Turkish government's strategy to avoid the #IMF by finding alternative external support.
To be a sustainable stabilizer, funding needs to be larger and reach the central bank
Qatar has about $250B in their Sovereign wealth fund. Perhaps 10-20% of that is sufficiently liquid to prop up Erdogan for the next 6 months or so. Personally I won't shed a tear if Qatar takes a massive loss on this.