Turkmen President instructs to accelerate introduction of modern banking services

AKIPRESS.COM - President Gurbanguly Berdimuhamedov noted the importance of taking effective measures to ensure the economy's financial stability during the meeting of the Cabinet of Ministers of Turkmenistan on July 4, addressing Deputy Prime Minister Gadyrgeldi Mushshikov and managements of the country's banking and financial institutions, Business Turkmenistanreports. President instructed to conduct a systematic analysis of the economic benefits and consequences of loans for different sectors, and to strengthen control over the use of loans.
Berdimuhamedov also instructed to accelerate the introduction of modern banking services and increase confidence in the institutions of the banking system. In this regard, the Head of State instructed to simplify the procedure for attracting and issuing money deposits from individuals and legal entities.
The Head of State noted that one of the important tasks is to ensure the flow of credit funds and foreign investments on favorable terms from international financial markets and instructed to intensify cooperation with leading organizations in this direction.
Berdimuhamedov added that in the State Budget for 2021, it is necessary to include funds for the construction of housing for people in need in each district and city.