Turkmenistan to develop economic support program during global pandemic

AKIPRESS.COM - President of Turkmenistan Gurbanguly Berdimuhamedov held a session of the Cabinet of Ministers in a video conference format on June 6, Business Turkmenistanreports. At the beginning of the governmental meeting, Deputy Chairman of the Cabinet of Ministers Gadyrgeldi Mushshikov reported on the macroeconomic indicators of the country. During January-May period of this year, the GDP growth rate amounted to 6.2 % and production increased by 4.7 %, compared to the same period in 2019, according to the Deputy Prime Minister.
At the same time, the Chairman of the Central Bank Merdan Annadurdiyev reported on the work carried out by credit institutions and on measures taken to improve their activities and expand their range of services.
Following the reports, President Berdimuhamedov said due to unfavorable factors in the global economy, Turkmenistan's economic indicators are also declining. In this regard, Turkmen Leader instructed to start developing the Program for 2020-2021. The Program's main tasks should be a dynamic recovery and achievement of pre-crisis macroeconomic indicators, President noted.
The Program should provide for capital investments for the development of various sectors of the economy and support for exports, Berdimuhamedov said.
The head of state instructed to stimulate business activities in the country. In this regard, the President ordered to develop further measures for state support of the economy's private sector and submit relevant proposals.