The head of Turkmenistan held a meeting on the development of the national economy

12:5906.03.2020
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The head of Turkmenistan held a meeting on the development of the national economy

Practical steps aimed at successfully solving the problems of developing the financial and economic sphere were discussed during a workshop held by President Gurbanguly Berdimuhamedov with the participation of Deputy Chairman of the Cabinet of Ministers Gadyrgeldi Mushshikov, who oversees the economic block, and Chairman of the Central Bank Merdan Annadurdiyev, the state news Agency of Turkmenistan reports.

The Deputy Prime Minister reported on the implementation of instructions to improve the activities of institutions of the subordinate complex. As reported, the latest methods and technologies are actively used in all structures.

At the appropriate level, we are working to increase the production of import-substituting products and increase the country's export potential. Special importance is attached to the successful solution of tasks for the development of the digital economy.

There was also a report on the implementation of the instructions of the head of state on the comprehensive training of qualified employees for the banking and financial sector, the introduction of modern achievements, techniques and methods used in this industry.

After hearing the report, the head of state stressed that the development of the economy on a scientific basis is an important requirement of the time. This will be of great importance in expanding production capacity and strengthening economic power, the President continued, addressing a number of instructions to improve the work carried out in this area.

Then the Chairman of the Central Bank, M. Annadurdiyev, reported on the state of Affairs in the subordinate structures, practical steps taken to successfully complete the tasks outlined in the program of socio-economic development of the country until 2025.

As it was reported, large-scale work is being carried out to ensure the stable growth of all sectors of the national economy, stimulate small and medium-sized businesses, and consistently improve banking activities through the introduction of best practices. The measures taken contribute to the timely implementation of major projects and the activation of the investment process.

Summarizing the report, the President focused on the current challenges facing banking institutions. Among the key vectors of work, the head of Turkmenistan mentioned the expansion of cooperation with reputable financial international organizations.

Special emphasis was placed on the importance of a responsible and comprehensive approach to the training of highly qualified specialists.

Speaking about the need to intensify measures aimed at financing significant projects, President Gurbanguly Berdimuhamedov instructed to make relations with foreign investors more productive. In this context, the head of the Central Bank was given specific instructions.

Then, addressing the Deputy Prime Minister and the Chairman of the Central Bank, the head of state noted that on the basis of a deep analysis, comprehensive measures should be envisaged to reduce the impact of global risks on the national economy of today.

In continuation of the topic, the President instructed the Deputy Prime Minister to expand markets for domestic products and develop effective business support mechanisms.

Together with international partners, we should step up the preparation of a set of measures in the sphere of the economy of Turkmenistan, the head of state ordered. Today, one of the priority issues is also the full provision of necessary goods to the domestic market, despite the crisis in the world economy, the head of state said.

Sustainable economic growth is formed as a result of a rapid increase in domestic production and an increase in the level of industrial self-sufficiency, President Gurbanguly Berdimuhamedov said.

In this context, the importance of establishing close contacts between large corporations and small and medium-sized enterprises was emphasized. At the same time, appropriate measures should be taken to increase the awareness of employees of economic agencies about the latest achievements in this area, especially about advanced technologies.

Among the main tasks facing the country's banking institutions, the head of state identified the provision of support to the ministries through the allocation of credit funds for solving urgent issues. Here we are talking about accelerating the pace of construction of industrial sector facilities intended for the production of export products, the President said.

The policy of transformation and, in General, the General line of radical changes, contribute to the full and comprehensive realization of the country's enormous potential. The development strategy of Turkmenistan is based on such key factors as a scientific approach, competent management and strategic planning, President Gurbanguly Berdimuhamedov said.

In the new stage of development of market relations, the Turkmen leader continued, the priority vector of state policy is to strengthen the social protection of the population and implement measures that are adequate to the challenges of today.

The necessary factors for the successful implementation of tasks in this area are the maintenance of dynamic rates of development of the national economic complex, investment activity, implementation of large-scale transformation programs, the head of state said. As the economic reform deepens, the labor market is formed, which is one of the key conditions for improving the social security of the country's population.

As the head of state noted, all banks in the country should provide Advisory and methodological assistance to the sectors. And most importantly, the allocated funds should be used very rationally and for their intended purpose, the President of Turkmenistan stressed, giving appropriate instructions in this regard.

A well-thought-out price policy of the state, support for private initiative and other measures help to increase the level of social security of the people. It is necessary to create the necessary conditions to accelerate the current programs for the development of all sectors of the economy, the head of state ordered.

At the end of the working meeting, President Gurbanguly Berdimuhamedov wished success in solving the tasks set.

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