Central and West Asia

Sum of Measures 1—5 (Total Package)

Total Package in USD Million: 1.00
% of GDP (2019): 0.00%
% of Regional Total Package: N/A
Package Per Capita in USD: 0.17
Note: Measures 9 and 10 are added to the sum of Measures 1-5.
Measure Amount (Local) Amount (USD) Details Update Source
01 - Liquidity Support info_outline
01A - Short-term lending info_outline

No amount/estimate: The Government has announced that they would provide concessional loans to businesses affected by the COVID containment measures.

01B - Support policies for short-term lending info_outline
01C - Forex operations info_outline

No amount/estimate: Exchange restrictions on current international payments and transactions for private businesses reportedly have been tightened.

02 - Credit creation info_outline
02A - Financial sector lending/funding info_outline
02B - Support policies for long-term lending info_outline
02B1 - Interest rate adjustments
02B2 - Other policies to support long-term lending
02C - Loan guarantees
03 - Direct long-term lending info_outline
03A - Long-term lending info_outline
03B - Forbearance
04 - Equity support info_outline
05 - Health and income support
05A - Health support

(i) No amount/estimate: The Government announced that a bonus salary of 20%, 15%, and 10% will be given to healthcare professionals working in the remote rural facilities, frontline facilities, and other rural facilities, respectively.

05B - Income support
05B1 - Tax and contribution deferrals and policy changes
05B2 - Tax and contribution rates reduction
05B3 - Subsidies to individuals and households
05B4 - Subsidies to businesses
05B5 - Indirect income support
05B6 - No breakdown (income support)
05C - No breakdown (health and income support)
06 - Budget reallocation info_outline
07 - Central bank financing government
07A - Direct lending and reserve drawdown
07B - Secondary purchase: government securities
08 - International Assistance Received TMT7,700,000 USD2,200,000
08A - Swaps info_outline
08B - International loans/grants TMT7,700,000 USD2,200,000
08B1 - Asian Development Bank TMT4,480,000 USD1,280,000

(i) USD0.50 million allocation for TA9950-REG: Regional Support to Address the Outbreak of Coronavirus Disease 2019 and Potential Outbreaks of Other Communicable Diseases. As of 30 January 2021, this has been increased to USD1 million estimated support; (ii) 3 June 2020, USD0.07 million announced by the ADB as part of the program: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region (additional financing); (iii) 13 July 2020, USD0.13 million funding from the ADB as part of the regional program: Addressing Health Threats in the Central, West and East Asia Region; (iv) 18 November 2020, USD0.05 million under the regional project: Supporting Startup Ecosystem in the Central Asia Regional Economic Cooperation Region to Mitigate Impact of COVID-19 and Support Economic Revival; (v) 26 November 2020, USD0.03 million (TASF) Addressing Health Threats in the Central, West and East Asia Region (Additional Financing).

08B2 - Other TMT3,220,000 USD920,000

USD0.92 million in health assistance to Turkmenistan to prepare laboratory systems, activate case-finding, support technical experts, among others, from the U.S. Agency for International Development (USAID).

09 - International Assistance Provided TMT3,500,000 USD1,000,000
09A - Swaps info_outline
09B - International loans/grants TMT3,500,000 USD1,000,000

3 November 2020, USD1 million in humanitarian aid (including food, oil products and other goods) to Russia In the context of the coronavirus pandemic.

10 - No breakdown

No amount/estimate: State budget spending is being revised, including to increase health spending for preventing an outbreak of COVID-19 and to provide support to businesses affected by the containment measures.

11 - Other Economic Measures

(i) A special regime has been established for the implementation of essential and high-priority imports and projects, which covers foreign currency rationing and transportation arrangements; (ii) The President has approved the list of goods subject to customs duties and the magnitude of such duties. Custom duties on selected goods have been raised to protect domestic suppliers; (iii) 22 May 2020, the president signed a decree on the establishment of the Reserve Currency Fund, with the Central Bank of Turkmenistan as the holder. The Fund will accumulate currency earnings of the ministries, industry departments, their subordinate enterprises, institutions, and all legal entities with public shareholding.

12 - Non-Economic Measures
12A - Measures affecting travel and transport (local and international)

(i) The authorities have adopted a wide range of measures to prevent a COVID-19 outbreak in the country, including closure of borders, flight cancellations and rerouting, and mandatory COVID-19 testing for arriving travelers; (ii) The authorities have imposed restrictions on internal movement, closed roads between some provinces, and stopped rail transportation; (iii) Starting from 24 March 2020, only Turkmen freight carriers are allowed to transport cargo in Turkmenistan; (iv) 30 December 2020, restrictions on domestic and international travel were extended until at least 31 January 2021. Further, a requirement was introduced that all outbound travelers have a signed negative COVID-19 test result within the previous 24 hours; (iv) 26 February 2021, Turkmenistan extends suspension of flights until 31 March 2021 to prevent the COVID-19 pandemic from entering the country.

12B - Measures affecting business and workplace

(i) Starting 24 March 2020, all sports events have been cancelled. Gyms and sports clubs have been shut down in Ashgabat.

12C - Others

(i) The authorities have stepped up efforts to digitalize government services, expand e-commerce, and facilitate online and phone payments by SMEs and SOEs through banks; (ii) A commission has been set up for the purchase of essential supplies, medicines, construction equipment, etc.; (iii) As of the first week of November 2020, Turkmenistan has been working with UN agencies to develop a third national plan that covers the humanitarian component of the country's measures to combat COVID-19.