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Turkmenistan reports stable macroeconomic situation

The macroeconomic situation in Turkmenistan remains stable despite global financial crisis, vice prime minister Tuvakmammed Japarov said at a government meeting on 20 February. This is owing to preventive measures taken by Turkmenistan, namely the establishment of Stabilization Fund and reforms in banking-financial sphere.

“The state will continue keeping issues of economic development under vigilant control,” Gurbanguly Berdimuhamedov said. He noted that it was necessary to pay particular attention to the social aspect, in particular the credit policy.

The president of Turkmenistan also demanded that “government decisions on providing soft credits for construction and purchase of comfortable dwellings should be effectively implemented.”

It should be recalled that during the recent meeting with Turkmen diplomats President Gurbanguly Berdimuhamedov noted that economic growth of Turkmenistan in January 2009 reached 10,5%.

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