Building Capacity in Financial Programming and Policies in Turkmenistan | WPN World People News

During February 29 - March 4, 2016, the World Bank held a practical training course on Financial Programming and Policies in Ashgabat. The workshop was attended by officials from the Turkmen Government agencies, including representatives of the Ministry of Finance, the Ministry of Economy and Development, the Central Bank of Turkmenistan, the Main State Tax Inspectorate, and the State Committee on Statistics.

The course covered a number of topics to deepen government officials' understanding of fiscal policy issues and their implications for macroeconomic management, as well as the main aspects of the design and implementation of fiscal policy as an instrument to achieve macroeconomic stability and growth.

“The training provided to Turkmen officials served to deepen their knowledge of fiscal policy issues through technical discussions of methodology and practical exercises that allow technical staff of the Turkmen Government to understand the interrelationships between main macroeconomic accounts,” said Ilyas Sarsenov, World Bank Senior Economist. “We will continue our dialogue on strengthening capacity for macroeconomic analysis and forecasting and improving data and tools available for policy-making.”

This course was delivered as part of the ongoing Country Engagement Strategy for Fiscal Years 2016-2017.

The Country Engagement Note, discussed by the Board of Directors in November 2015, serves as a platform for cooperation for the World Bank and the International Finance Corporation with Turkmenistan to support reforms in the country from 2015 through 2017.

Turkmenistan joined the World Bank Group in September 1992. In 1996, the Bank established a Liaison Office in Ashgabat to enhance communications with the government and to provide operational support.

Source: World Bank