Turkmenistan, Ashgabat, May 5 / Trend, H. Hasanov /
Turkmen President Gurbanguly Berdimuhammadov ordered the Ministry of Finance and Central Bank of the country jointly with the IMF and World Bank to hold international conference "Globalization of the financial system and inter-regional parameters of sustainable development" in Ashgabat on May 29-30, 2012, an official Turkmen source said on Saturday.
The event is planned to be held in order to strengthen relations with the IMF and World Bank, Turkmenistan's integration into world economic relations, as well as "further increase of the country's prestige in the world".
The strategic direction of the country's state policy is attracting foreign investments, the Institute of Strategic Planning and Economic Development of Turkmenistan said earlier. These investments concern the interests of not only public, but private enterprises and physical entities.
"A stable socio-political situation, adopted long-term socio-economic programs throughout the and separately for each region, high rates of economic growth and stability of national currency rate, a powerful resource and raw material base and relatively inexpensive labor ensures attractiveness, as well as reliability for foreign investors, guarantees effectiveness of the invested capital," the Institute's experts said.
This was confirmed also by experts from International Monetary Fund. Stressing the high level of economic growth, the IMF experts defined high rating of attractiveness for capital investment based on prediction of high-level economic development of Turkmenistan in perspective.