Turkmenistan : Recent Economic Developments.

This paper reviews economic developments in Turkmenistan during 1992-96. There was a general strengthening of centralized controls during 1993-95 to protect international reserves. Monetary and exchange rate policies were geared toward sustaining a network of implicit taxes and subsidies that helped...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1996.
Series:IMF Staff Country Reports; Country Report ; No. 1996/030
Online Access:Full text available on IMF
Description
Summary:This paper reviews economic developments in Turkmenistan during 1992-96. There was a general strengthening of centralized controls during 1993-95 to protect international reserves. Monetary and exchange rate policies were geared toward sustaining a network of implicit taxes and subsidies that helped promote selected areas of economic activity and provide social protection. Real GDP declined by nearly 19 percent in 1994, reflecting, for the most part, contraction of the gas and cotton sectors. Gas production declined continuously from 87.8 billion cubic meters in 1990 to 35.7 billion cubic meters in 1994.
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Physical Description:1 online resource (105 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students