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Turkmenistan: Recent Economic Developments

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  • International Monetary Fund

Abstract

This paper reviews economic developments in Turkmenistan during 1996–99. Inflation is an issue in Turkmenistan. The trend decline that started in mid-1996 came to a halt in late 1998 and inflation continued to increase in 1999. By mid-1999, 12-month inflation had increased to 25 percent. Owing to payment problems, gas exports to Ukraine were discontinued in early 1997, resulting in a sharp decline in real GDP in that year. In 1998, gas exports did not resume, other than small deliveries to Iran through a new pipeline that had become operational at end-1997.

Suggested Citation

  • International Monetary Fund, 1999. "Turkmenistan: Recent Economic Developments," IMF Staff Country Reports 1999/140, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1999/140
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    Cited by:

    1. Islamov, Bakhtior, 2001. "Central Asia: Problems of External Debt and Its Sustainability," Discussion Paper Series a413, Institute of Economic Research, Hitotsubashi University.
    2. Mr. Marco Pani & Mr. Etibar Jafarov & Mr. Clinton R. Shiells, 2005. "Is Russia Still Driving Regional Economic Growth?," IMF Working Papers 2005/192, International Monetary Fund.

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