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IMF appraises Turkmen measures to minimize consequences of world crisis

Business Materials 17 August 2009 17:00 (UTC +04:00)

Turkmenistan, Ashgabat, August 17 / Trend G. Hasanov /

In a report experts of the International Monetary Fund have highly praised the economic and financial reforms conducted in Turkmenistan, as well as the measures taken to minimize the impact of the global crisis on the national economy, which includes the establishment of a stabilization fund. 

Turkmen Deputy Prime-Minister, Tuvakmammed Japarov, has informed the government about this, the government press-service said. He said that stressing high indices of Turkmenistan's economic growth, the IMF specialists forecasted further firm progress for Turkmenistan and an increase in its rating as a very attractive country for investments.  

He said that the report by a IMF group of representatives was approved at a meeting of IMF council of executive directors. The IMF group of representatives recently paid a working visit to Turkmenistan.

"The report by the IMF representatives, the international financial institute with the most authority, became another significant piece of evidence for our good policy. This policy has put Turkmenistan in a leading position among the world's most dynamically developing countries," Turkmen President Gurbangulu Berdimuhammedov said after hearing the report.

Japarov also submitted for consideration a package of resolutions on licensing audit and insurance activity, as well as on professional activity on the securities market. Berdimuhammedov approved the submitted package and signed the corresponding decrees.

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