Turkmenistan created a Stabilization Fund (SF) in 2008 to serve as a repository for state budget surpluses. The creation of the SF coincided with the global financial crisis and the need to execute a fiscal stimulus package to support the domestic economy during the post-crisis period. In the event of a budget deficit, the government can draw on the Fund. It was reported that the Fund’s assets have been fairly stable and were at roughly 11% of GDP at the end of 2020.
Assets under Management (AuM):
Alternative Assets: 0%
“To avoid negative impacts of financial crises and help reduce dependence on the fuel and energy sectors.” (Stabilization Fund)