BAKU, Azerbaijan, February 7. The IMF will
continue close cooperation with Turkmenistan in 2026, focusing on
maintaining macroeconomic stability and supporting structural
reforms with targeted technical assistance and capacity
development, Anna Bordon, the head of the IMF mission in
Turkmenistan, told
Trend.
Bordon emphasized that the key priorities include fostering
medium-term and program-based budgeting, enhancing fiscal reporting
and planning, and strengthening governance and statistical
capacities.
She further explained that these initiatives are designed to
assist Turkmenistan in transforming its hydrocarbon wealth into
more diversified, resilient, and inclusive economic growth over the
medium term.
Earlier, the IMF highlighted Turkmenistan’s stable economic
trajectory in recent years. After an average annual growth rate of
10.6% from 2007 through 2016, the economy expanded by 4.4% in 2017
and 4.8% in 2018. Growth accelerated to 5.1% in 2019, but the
global disruptions of 2020 caused a slowdown, with growth dipping
to 1.6%. However, Turkmenistan experienced a strong rebound in
2021, with GDP increasing by 9.8%, before moderating to 3.3% in
2022 and 4.2% in 2023.
