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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Turkmenistan to establish Stabilization Fund

Posted on 23 October 2008

From Turkmenistan.ru: Turkmenistan will establish the Stabilization Fund to avoid the negative impact of the world economic and financial crisis on the national economy. This was announced by Turkmen President Gurbanguly Berdimuhamedov at a government meeting on 21 October, the Turkmenistan.ru correspondent reports from Ashgabat.

According to the head of state, the Stabilization Fund will make it possible to minimize the dependence of the national economy on the oil and gas sector and also protect it from a negative impact of external factors….. Full Article: Source


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