BAKU, Azerbaijan, June 1
By Jeila Aliyeva - Trend:
Turkmenistan's GDP has grown 8.4 times, and the total volume of major investments in the country's economy has amounted to about $209 billion over the years of independence, said President of Turkmenistan Gurbanguly Berdimuhamedov, Trend reports with reference to the State News Agency of Turkmenistan.
The president made the remark during an interview with Russian 'Mir' International Television and Radio Company.
Thus, 66.6 percent (about $ 140 billion) of the disbursed investments are directed to the production sector. During the years of independence, 2,891 large social and industrial facilities were built and put into operation.
Currently, excluding the fuel and energy sector, the share of the non-state sector in the country's GDP has reached 70 percent.
As the April’ forecast of the World Economic Outlook report of the International Monetary Fund (IMF) shows Turkmenistan’s real GDP at the level of 3.9 in 2022.
IMF also shows Turkmenistan’s current account balance projections, which are also expected to grow to 0.8 in 2021.
As earlier Natalia Tamirisa, International Monetary Fund (IMF) Mission Chief for Turkmenistan told Trend, the prudential framework should be strengthened to preserve financial stability and integrity in Turkmenistan.
She added that to improve Turkmenistan’s financial sector, the authorities should be encouraged to prepare specific action plans to align prudential measures with Basel standards.
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