|Deputy Prime Minister of Turkey|
1 May 2009
|Prime Minister||Recep Tayyip Erdoğan
|Serving with||Bülent Arınç
|Preceded by||Nazım Ekren|
|Minister of Foreign Affairs|
29 August 2007 – 1 May 2009
|Prime Minister||Recep Tayyip Erdoğan|
|Preceded by||Abdullah Gül|
|Succeeded by||Ahmet Davutoğlu|
|Minister of Economic Affairs|
18 November 2002 – 29 August 2007
|Prime Minister||Abdullah Gül
Recep Tayyip Erdoğan
|Preceded by||Masum Türker|
|Succeeded by||Mehmet Şimşek|
|Member of the Grand National Assembly|
19 November 2002 – 7 June 2015
|Constituency||Ankara (I) (2002, 2007, 2011)|
4 April 1967 |
|Political party||Justice and Development Party|
|Spouse(s)||Ülkü Zeynep Babacan (1995–present)|
|Alma mater||Middle East Technical University
Ali Babacan (Turkish pronunciation: [aˈli babaˈdʒan]; 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 Erdoğan. Babacan succeeded Abdullah Gül, 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.
Career in finance
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 without indulging into populism.
- "Başbakan ve bakanların özgeçmişleri" (in Turkish). Ntvmsnbc.com. 3 September 2007. Retrieved 13 January 2011.
- "Meclis'in 6. partisi" (in Turkish). Zaman.com.tr. 15 August 2001. Retrieved 13 January 2011.
- "58. Hükümet’in profili" (in Turkish). Ntvmsnbc.com. 18 November 2002. Retrieved 13 January 2011.
- "Başmüzakereci Ali Babacan" (in Turkish). Ntvmsnbc.com. 29 May 2005. Retrieved 13 January 2011.
- "Türkiye-AB müzakereleri resmen başladı" (in Turkish). Hurriyet.com.tr. 4 October 2005. Retrieved 13 January 2011.
- "Yeni kabine ve 26 bakan" (in Turkish). Ntvmsnbc.com. 1 May 2009. Retrieved 13 January 2011.
|Wikimedia Commons has media related to Ali Babacan.|
- Appearances on C-SPAN
- Ali Babacan at the Internet Movie Database
- Biography at Biyografi.info
- Works by or about Ali Babacan in libraries (WorldCat catalog)
|Minister of Economic Affairs
|Minister of Foreign Affairs
|Second Deputy Prime Minister of Turkey