The President of Turkmenistan ordered to prepare an anti-crisis economic program for 2020-2021

The President of Turkmenistan ordered to prepare an anti-crisis economic program for 2020-2021

"Due to the adverse factors that are taking place in the world economy today, the country's economic indicators are also declining," President Gurbanguly Berdimuhamedov said at a meeting of the Cabinet of Ministers of Turkmenistan, ordering to start developing an anti – crisis Program for 2020-2021.

"Its main tasks should be a dynamic way out of the current state, as well as ensuring the achievement of pre – crisis macroeconomic indicators," the head of state said, ordering the Program to be considered at a meeting of the Cabinet of Ministers.

"The document should provide for capital investment for the development of various sectors of the economy and support for exports. At the same time, investments in healthcare and social security should remain a priority," Berdimuhamedov said.

Among the main vectors of the upcoming work, the leader of the nation identified the rational use of the existing potential to ensure the implementation of previously adopted state development programs of the country.

In continuation of the topic, the head of Turkmenistan noted the need to take effective measures to implement plans to create production facilities for import-substituting products and increase the output of export-oriented goods.
"As part of the transition to the digital economy, we should radically analyze the activities of financial and banking institutions," Berdimuhamedov said.

Among the main directions, the Turkmen leader outlined the acceleration of the process of privatization of enterprises and objects of state property, their transformation into joint-stock companies. Demanding to keep in constant focus the issues related to delayed payment of wages, the President instructed responsible for financial-economic bloc Deputy Prime Minister Gadyrgeldi Mushshikov to analyze the causes of such situations and to take concrete measures to solve this problem, according to the State information Agency of Turkmenistan.

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