The delegation of the International Monetary Fund visited the Turkmen capital on October 31 - November 7. Within the framework of the visit, the representatives of the largest financial structure held a number of meetings in the Turkmen Government, the ministries and departments, banking institutions. The meetings' agenda focused on the key aspects of the implementation of the social and economic reform taken place in the country.

Summing up the mission to Ashgabat, the head of the IMF delegation Veronica Bakalu highly appreciated the economic development of the Turkmen state at the modern stage. It was noted that the steadily economic growth of the country in 2013 had been stipulated by the high paces of development of the non-hydrocarbon sector due to the high volume of the state investments. According to the IMF forecast, the GDP growth will achieve 10.1 % in 2013 and 10.7 % in 2014.

The IMF mission supports the large-scale reforms aimed at achieving the share of the private sector in the national economy at the level of 70 % (excluding the hydrocarbon sector) goal by 2020.

It was also underlined the significance of Turkmenistan accession to the World trade Organisation and introduction of the international standards into the national statistics sphere.

The next IMF consultations are scheduled for the middle of the year of 2014.