Turkmenistan, IMF Consider New Cooperation Areas

BUSINESS TURKMENISTAN
Turkmenistan, IMF Consider New Cooperation Areas
The meeting participants focused on the impact of the global coronavirus pandemic to the economy and financial sector of Turkmenistan. (Photo: Orient)

The Minister of Finance and Economy of Turkmenistan Muhammetgeldy Serdarov and Head of the Middle East and Central Asia Department of the International Monetary Fund (IMF) Jihad Azour during an online meeting on Thursday discussed new areas of cooperation and considered forecasts for the further development of the Turkmen economy.

Representatives of the State Statistics Committee of Turkmenistan and the Central Bank of Turkmenistan also took part in the negotiations, the Ashgbat-based Orient news outlet reports.

The meeting participants focused on the impact of the global coronavirus pandemic to the economy and financial sector of Turkmenistan, and unforeseen changes in global energy prices.

Azour stated the International Monetary Fund will continue to provide technical support to Turkmenistan, contributing to the further improvement of the budget and tax system in the country.

Established in 1944, the IMF consists of 190 member countries. The IMF is a partner of Turkmenistan in economic reforms and provides technical assistance to support ongoing macroeconomic reforms.