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Fitch Ratings revises forecast of Turkmenistan's current account balance

Turkmenistan Materials 8 April 2022 13:21 (UTC +04:00)
Fitch Ratings revises forecast of Turkmenistan's current account balance
Khayal Khatamzadeh
Khayal Khatamzadeh
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BAKU, Azerbaijan, April 8. Fitch Ratings forecast Turkmenistan’s current account balance at 6.7 percent raising, Trend reports via the agency.

According to the report, the previous forecast assumed that Turkmenistan's current account balance would rise at 4.4 percent.

"Turkmenistan currently exports all gas under long-term contracts with a lag in the pricing structure, meaning that much of the price impact will be felt in 2023," Fitch Ratings said.

The agency noted that direct trade links combined with tourism and money transfer flow from Russia are a key transmission channel for CIS+ countries.

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