Turkey's president on Monday said the country would support impact investments that would be vital towards achieving a sustainable economy.

Axar.az reports citing foreign media that speaking at the 11th Bosphorus Summit, Recep Tayyip Erdogan noted the importance of sustainability in investments, adding that a strategy of impact investments would have social and environmental benefits.

"The inclusiveness and sustainability of investments are as important as the magnitude of investments," he noted.

"Any investment that doesn't consider social good or create added value for sustainable development is an incomplete investment. Impact investments, which combine sustainability, social entrepreneurship and social responsibility, present important opportunities for humanity," Erdogan said.