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150128 ||| eng |
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|a 9781451837223
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245 |
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|a Turkmenistan
|b Recent Economic Developments
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1997
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300 |
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|a 134 pages
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710 |
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|a International Monetary Fund
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|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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|a IMF Staff Country Reports
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028 |
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|a 10.5089/9781451837223.002
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856 |
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|u http://elibrary.imf.org/view/journals/002/1997/058/002.1997.issue-058-en.xml
|x Verlag
|3 Volltext
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|a 330
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|a This paper reviews economic developments in Turkmenistan during 1994-97. To address the growing economic difficulties, the government announced an economic reform package for 1996, which aimed at achieving a recovery in output, sharply lowering inflation, maintaining a strong reserve position, and promoting private sector development. The reform package had mixed success. Monetary and credit policy was generally restrained until late 1996, contributing to a moderation in inflation. However, economy-wide public sector wages were doubled in October, against a background of continued payment difficulties in the gas sector and a decline in GDP.
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