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ASHGABAT, Turkmenistan, April 16. The mission
of the Worldwide Financial Fund (IMF) led by Ms. Anna Bordon
visited the capital of Turkmenistan, Ashgabat metropolis, from March 27
via April 9, 2024, to evaluate financial indicators, Development stories.
In keeping with the IMF, the mission was within the nation to research
macroeconomic and monetary developments, financial prospects and
dangers, and coverage actions to advertise numerous, inclusive, and
sustainable progress.
The IMF delegates spoke with senior authorities officers, non-public
and monetary sector representatives, in addition to members of the
diplomatic group.
The mission observes that Turkmenistan’s economic system stalled in 2023
after recovering from the epidemic the earlier yr, and that the
subsequent financial problem is to translate hydrocarbon wealth into
extra numerous, sustainable, and equitable progress.
“To realize this progress transition, a market-based
diversification technique, financial and alternate fee modifications,
larger public spending effectivity, and enhanced governance and
transparency could be required,” the IMF notes.
Employees will draft a report based mostly on the mission’s preliminary
findings, which, topic to administration approval, can be offered
to the IMF’s Govt Board for debate and choice.
In the meantime, the IMF is an intergovernmental group shaped
in 1944 with the purpose of fostering international monetary stability,
worldwide commerce cooperation, financial progress, and long-term
improvement in member international locations.
The group gives monetary assist and financial steerage to
international locations in monetary issue, in addition to monitoring the worldwide
economic system and offering skilled help in financial
administration and monetary coverage.
Keep up-to-date with extra information at Development Information
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