BAKU, Azerbaijan, June 29
By Jeila Aliyeva - Trend:
Turkmenistan’s real GDP growth will be 3.5 percent in 2022, Trend reports citing the June release of the EBRD’s Regional Economic Prospects report.
The average annual inflation of Turkmenistan accelerated from 5.1 percent in 2019 to 7.6 percent in 2020, the report said.
“Turkmenistan reported real GDP growth of 5.9 percent year-on-year in 2020 and 6.1 percent year-on-year in January-May 2021,” added the report.
Exports, a major source of growth, plummeted by 39 percent year-on-year in 2020, according to the IMF.
As earlier the representative of EBRD Anton Usov told Trend, The European Bank for Reconstruction and Development’s (EBRD) cumulative investments in Turkmenistan since the beginning of operations stand at $350 million.
"The Bank’s current portfolio in the country is $85 million," noted Usov.
He also noted that the EBRD is exploring project opportunities in the banking and municipal sectors.
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