NEWS
MACROECONOMIC INDICATORS OF NATIONAL ECONOMY ARE DISCUSSED WITH IMF
Online meeting with representatives of the International Monetary Fund was held On January 20.
The macroeconomic development of the country as well as development of individual industries of the national economy that have a positive impact on the dynamics of GDP growth were discussed during the meeting.
As noted, despite the negative impact of the global coronavirus pandemic (COVID-19), which has made adjustments to the development of the economies of all countries of the world, due to preventive measures, timely decisions taken by President Gurbanguly Berdimuhamedov, the national economic complex of Turkmenistan works in the same mode, which allows maintaining higher GDP growth rates in relation to other countries.
This is largely facilitated by large, medium and small enterprises that have been commissioned in recent years, where a variety of products are manufactured for the local market as well as for export, and thousands of jobs have been created.
All enterprises are aimed at manufacturing products with a high share of added value, which had a positive effect on the increase in the volume and GDP growth rates.
Private entrepreneurship plays an important role in the sustainable development of the national economy. The consistent implementation of state programmes initiated by the President of Turkmenistan with the aim to increase production of import-substituting and export-oriented products has achieved significant results that contributes to increasing the share of private sector of the national economy in GDP.
The IMF assessments prove that due to the wise and forward-looking policy, pursued by President Gurbanguly Berdimuhamedov, sovereign Turkmenistan, despite the difficulties encountered, confidently follows the course it has taken, successfully implementing large-scale projects for dynamic social and economic development.