Amount of investments in economy of Turkmenistan exceeds $200 bln

The statement was made by the head of the Ministry of Finance and Economy Muhammetgeldi Serdarov.

On September 2, Muhammetgeldi Serdarov, the head of the Ministry of Finance and Economy of Turkmenistan, in an interview to «Turkmenistan» newspaper said that the amount of large investments in the national economy has reached over 200 billion dollars over 30 years of independence. According to him, over 66% of the money were directed to the manufacturing sector.

— These funds have made it possible to radically modernize production, increase the competitiveness of the products of the processing industry, — noted Serdarov.

The Minister drew attention to the fact that special attention is paid to investments in «human capital», since this type of investment is the most reliable and fastest-growing one. The innovation basis of Turkmenistan has been strengthened by directing state and private capital to education, health care and science, he added.

The official recalled that Fitch Ratings, the most prestigious rating agency in the world, assigned short-term rating on the level «B» and the long-term rating on the level «B+ stable» to Turkmenistan. The corresponding status was received within the assessment of the assets of the stabilization fund, which is one of the guarantors of the financial well-being of the state, stressed Serdarov.

He noted that the economy of Turkmenistan is one of the fastest-growing one in the world. The minister added that the rate of economic growth in the first half of this year reached 6,2%. According to him, the country is actively cooperating with the IMF, World Bank, ADB, EBRD and Islamic Development Bank.

04 сен 2021, 09:23
Photo source: orient.tm

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