Turkmenistan: Recent Economic Developments

International Monetary Fund

No 1999/140, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Turkmenistan during 1996–99. Inflation is an issue in Turkmenistan. The trend decline that started in mid-1996 came to a halt in late 1998 and inflation continued to increase in 1999. By mid-1999, 12-month inflation had increased to 25 percent. Owing to payment problems, gas exports to Ukraine were discontinued in early 1997, resulting in a sharp decline in real GDP in that year. In 1998, gas exports did not resume, other than small deliveries to Iran through a new pipeline that had become operational at end-1997.

Keywords: ISCR; CR; U.S. dollar; economic activity; budget deficit; commercial bank; foreign exchange; central bank; debt service; exchange rate; Exports; Currencies; Oil; Commercial banks; Western Europe; Southern Europe (search for similar items in EconPapers)
Pages: 130
Date: 1999-12-10
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Citations: View citations in EconPapers (2)

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