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ASHGABAT (TCA) — The economy of Turkmenistan continues to adjust to a challenging—although improving—external environment, with officially-reported growth of 6.5 percent last year, supported by rising natural gas exports, import substitution, and expansionary credit policies, an International Monetary Fund (IMF) mission led by Mr. Martin Sommer said in a statement issued at the end of the visit to Ashgabat during February 19–March 6. The mission assessed Turkmenistan’s macroeconomic and financial developments and discussed economic challenges and policy priorities with senior government officials, representatives of real and financial sectors, and the diplomatic community.

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