BAKU, Azerbaijan, June 29. The volume of loans issued to state institutions and enterprises in Turkmenistan increased by 4.56 percent from January through May 2022, compared to the same period in 2021 (52.58 billion Turkmen manats, or $15.02 billion) - to 54.98 billion Turkmen manats ($15.7 billion), Trend reports citing Business Turkmenistan news agency.
The total amount of loans issued to non-state enterprises and organizations as of June 1, 2022 amounted to 10.6 billion Turkmen manats ($3.02 billion), which is 64.8 percent more than in the same period of 2021 (6.43 billion Turkmen manats, or $1.83 billion).
Furthermore, at the beginning of December last year, during a meeting of the Cabinet of Ministers of Turkmenistan, a Program for 2022 on the sustainable development of the national economy was adopted.
In general, the country's financial sector is constantly expanding. In particular, mobile applications are being introduced to pay for various services and goods, the number of non-cash payments is increasing, and payment for goods and services is being implemented through bank terminals.