Turkmenistan : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

July 25, 1997

Summary:

This paper reviews economic developments in Turkmenistan during 1994–97. To address the growing economic difficulties, the government announced an economic reform package for 1996, which aimed at achieving a recovery in output, sharply lowering inflation, maintaining a strong reserve position, and promoting private sector development. The reform package had mixed success. Monetary and credit policy was generally restrained until late 1996, contributing to a moderation in inflation. However, economy-wide public sector wages were doubled in October, against a background of continued payment difficulties in the gas sector and a decline in GDP.

Series:

Country Report No. 97/58

Subject:

English

Publication Date:

July 25, 1997

ISBN/ISSN:

9781451837223/1934-7685

Stock No:

1TKMEA0011997

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

134

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