Financial Markets in Central Asia: the Light in the Middle of the Tunnel

... the immature micro-level, including non-transparency of state companies, popular mistrust of banks which breeds a poor deposit base and costly credits, inadequate control of contract execution causing many irretrievable loans, poor risk management in banks, and a lack of reliable funding sources. Turkmenistan Photo: www.eurasianet.org The Central Bank of Turkmenistan The financial sector has just begun a move to match basic open-market requirements. Banking is under government control, which hampers its integration in regional financing, let ...