State of affairs in the country’s economy - meeting chaired by the President of Turkmenistan
The main issues related to the economy of Turkmenistan were the topic of a meeting chaired by President Berdimuhamedov attended by the Cabinet deputy chairpersons, State Security Council members and ministers of the country. The head of state noted that macroeconomic stability is maintained in Turkmenistan, despite the difficult situation in the world. The country’s economy grew by 5.9 percent over the past two months. The amount of investments in the fuel and energy complex of the country totaled more than 8 billion 800 million US dollars, of which 93 percent has already been assimilated. The Turkmen leader pointed out that foreign loans totaling about 2 billion 682 million US dollars were raised for the construction and industrial complex, of which 69.4% has been assimilated. The total of 1 billion 5 and a half million dollars of foreign investments were raised for the transport and communication sector of the economy, of which 67.8 percent has been assimilated to date. The agricultural complex of Turkmenistan has raised and assimilated foreign loans to the amount of 822 million 200 thousand US dollars, Berdimuhamedov said. Now the loans balance is 607 million 700 thousand dollars, of which 145 million is payable from March to December this year. In this regard, the Chairman of the Central Bank of the country reported on the work on repaying foreign investments, and the Head of the Bank for Foreign Economic Affairs of Turkmenistan reported on measures to attract investments in accordance with the “Program for Development of Foreign Economic Activity in Turkmenistan for 2020-2025”. At the end of the meeting, Gurbanguly Berdimuhamedov called on leaders of all levels to work on increasing exports of Turkmen goods and, accordingly, the inflow of foreign currency funds.
