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Turkmenistan: Economy Officials Shake-Up as Crisis Panacea

The president of Turkmenistan has effected a major revamp among officials running the country’s economy in a desperate bid to emerge from a crisis provoked by low global energy commodity prices.

State media reported on April 10 that Gurbanguly Berdymukhamedov fired the Economy and Development Minister Eldash Sheripov, who had been in his post since July 2015.

Neutral Turkmenistan newspaper reported that other officials dismissed included Trade and Foreign Economic Relations Minister Bayar Abayev and the head of the tax service, Shatlyk Hummedov. They had been in their jobs for five years and two years, respectively.

Berdymukhamedov offered typically vague and ominous motivations for the dismissals.

“There are violations related to unauthorized and non-earmarked spending of budget funds, as well as an unjustifiable expansion in the ranks of management that is slowly evolving in the financial and economic system,” he said.

Without any firm details, it can only be assumed that this is an oblique reference to a problematic cocktail of corruption, nepotism and mismanagement in the departments in question.

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Turkmenistan: Economy Officials Shake-Up as Crisis Panacea

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