Transition to "green" economy in Europe and Central Asia was discussed by Ministers of Finance

Transition to "green" economy in Europe and Central Asia was discussed by Ministers of Finance

Virtual meetings on the side-lines of annual spring meetings of the World Bank group and the International Monetary Fund proceed. On Tuesday, April 6, the delegation of the Ministry of Finance and Economy of Turkmenistan at the head of the minister took part in the meeting of nine countries of representation of the WBG and IMF.

Executive directors Piotr Trabinski and Katarzyna Zajdel-Kurowska presented their reports on the work in the Group, and then the floor was given to the head of the delegation.

Minister Muhammetgeldi Serdarov, characterising the current economic situation in Turkmenistan, noted that it is one of the few countries which kept positive dynamics of economic growth in 2020 and 2021. It was promoted in many respects by government measures on diversification of economy, transition to the model of innovative-industrial type.

Turkmenistan also has taken stimulating measures of support of non-governmental sector, system of registration of the enterprises was simplified, process of privatisation and denationalization of medium and large enterprises became more active, the volume of given credits for business development extended.

Measures of the tax and budgetary policy of the country were directed to attraction of investments in the industrial sector of the economy and expansion of commercial relations.

The diversification of economy and export-import transactions at the expense of non-hydrocarbon segments had positively affected incomes of the state budget which following the results of 2020 and 3 months of the current year is surplus , the minister pointed out.

New possibilities open in connection with the entry of Turkmenistan as an observer in the World Trade Organization. Besides, the minister gave an assessment to the condition of cooperation of Turkmenistan with the IMF and World Bank Group.

Further a "round" table devoted to restoration after the pandemic and transition to "green" economy in Europe and Central Asia took place. With the basic report the Executive Vice-President Frans TIMMERMANS - European Green Deal, and Commissioner for Climate Action Policy here spoke, an exchange of opinions between Ministers of Finance of the countries of the region took place.

Minister Muhammetgeldi Serdarov told his colleagues about successful experience of Turkmenistan in the field of preservation of the environment and ecology. He noted that these issues had got a special value within the limits of realisation of the Goals of Sustainable Development and elimination of the consequences connected with COVID-19 pandemic.

Turkmenistan has ratified a number of the basic nature protection conventions of the United Nations, signed the Paris Agreement on climate change. In all state and branch programs of development the positions connected with wildlife management, rational use of its resources have been fixed.

Turkmenistan shares concern of the international community in connection with global climate change. In the country the National Climate Change Strategy and National Forestry Program are also realized.

Inventory of all woods in the territory of the country was carried out and degraded woods of the arid zone are restored. Only in 2020 in Turkmenistan 25 million saplings of trees in honour of the 25th anniversary of neutrality of the country were planted, and this year as a whole 30 million trees are expected to be planted in commemoration of the 30th anniversary of independence.

Supporting efforts of the international community to decrease in emissions of hotbed gases, Turkmenistan passes to use modern non-polluting and energy saving technologies in industry and transport. Especially it concerns oil and gas and power energy branches.

Turkmenistan has developed the Concept of the new Caspian Ecology Program which is directed all states of the region to approval and representation of recommendations taking into account the current period and the available risks connected including with the pandemic.

The National Aral Program for 2021-2025, aimed at improvement of condition of the ecological environment and social living conditions of the population of the Aral region was also developed.