Turkmenistan continues its efforts to modernize the financial, economic and banking sector, strengthen macroeconomic stability and develop the national economy. This was reported by Deputy Chairman of the Cabinet of Ministers H. Geldimyradov at a Cabinet of Ministers meeting on October 31, according to the TDH news agency.

During the report, it was noted that state programmes for industrial and innovative development are being implemented in the country. Priority areas include attracting investment, diversifying production and creating new jobs.

Work is also underway to improve the social protection system, develop banking and insurance services, and enhance national statistics and standardization systems. The introduction of digital financial technologies, the modernization of economic regulation mechanisms and the expansion of cooperation with international financial institutions are also continuing.

Following the report, President of Turkmenistan Serdar Berdimuhamedov instructed officials to continue modernizing the financial, economic and banking sector.