Factors of a Stable Economy

25 August 2023
1177

The investment strategy of the esteemed President Serdar Berdimuhamedov, aimed at the digitalisation and innovative growth of the Turkmen economy, leads to more advanced complex transformations that ensure the modernisation, diversification and rapid growth of the domestic economy. Another distinctive feature of the investment policy, pursued in Turkmenistan, is that priority is given to projects aimed at constructing new enterprises based on high technologies and providing deep processing of local raw materials.

The progressive development of economic wellbeing is known to directly depend on the carefully balanced investment strategy of the state. This is primarily due to the fact that investments lead to GDP growth. The positive dynamics of the volume of investments leads to the strengthening of Turkmenistan as a reliable partner on the international arena. With the help of financial investments, the competitiveness of the economy is growing, and the ratio of exports and imports is changing, which leads to an increase in the export component of the state’s trade balance. With the help of investments, scientific and technological progress is accelerated and revenues to the State budget significantly rise, which makes it possible to allocate funds for the further development of the country.

Batyr BERDIYEV,
the Head at the Department, Directorate of the Study of Commodity Circulation in Internal and External Markets, Ministry of Trade and Foreign Economic Relations of Turkmenistan
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