Turkmenistan, Ashgabat, Nov. 11 / Trend H.Hasanov /
The U.N. Development Program and Turkmen National Institute of Strategic Planning and Economic Development (ISPED) organized the five-day "Economics of Transition" training course.
Turkmenistan recently adopted an updated Constitution, which stipulates a phased transition into a market economy. In 2009, the country began a currency reform - denominating the national currency, unifying the exchange rate and adopting a policy to promote entrepreneurship.
The training was conducted by UNDP Regional Center for Europe and the CIS Senior Economist Dr. Ben Slay.
The purpose of training was to enhance participants' understanding of political economy and macroeconomics in countries in transition, as well as regional cooperation in Central Asia and the possible impact of the global financial crisis on the region.
The training program provided in-depth discussions emphasizing macroeconomic stabilization and the creation of new regulatory institutions; strategies for mitigating the impact of the global financial crisis on Central Asia; macroeconomic instruments to address problems caused by the financial crisis; international economic relations in Central Asia and various institutional forms of global and regional integration and many other issues.
According to Slay, of greatest interest for the participants were the topics explaining advantages and disadvantages of economic and political institutions and policies pursued by Central Asian countries; international data on income poverty and inequality in Central Asia; as well as pros and cons of targeted social policy and protection vis-à-vis a universal approach to social protection.
The event was held as part of the UNDP project "Assistance in the Development of Analytical Capacity for Evidence-Based Policy-Making," which was launched in 2008.
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