The Global Economic Prospects report by the World Bank predicts that Turkmenistan is to maintain its leading position in the world rankings in terms of annual growth in the coming years.
The World Bank has estimated that in 2015 Turkmenistan's economy is to grow by 8.5% and the growth is be around 8.9% in 2016 -2017.
It was noted in a statement by the Ministry of Petroleum and Mineral Resources of Turkmenistan that the results achieved in terms of falling world energy prices proves the stability of the national economy.
Recall that Ashgabat holds a key position in the gas market in the Caspian region and Central Asia, supplying gas to Iran and China. In addition, Turkmenistan is the fourth country in the world in terms of natural gas reserves, which gives it a good chance to enter new markets in South Asia and Europe.
IMF experts also noted that the Turkmen authorities used the period of high prices of energy carriers and could increase income per capita income in accordance with scientifically-planned development of the hydrocarbon sector.
For example, ''significant resources accumulated in the Reserve Monetary Fund and the Stabilization Fund will allow Turkmenistan to adapt to the current challenges and contribute to the preservation of the high GDP growth throughout the probable multi-year period of lower energy prices," Trend reports.
