Turkmenistan not to secure financial support from EU to tackle coronavirus COVID-19 due to high income of its citizens

On the European Union launched a campaign to support partner countries’ efforts in tackling the coronavirus pandemic and its consequences. Within the framework of the program the EU will secure over €20 billion in financial support to the most vulnerable countries of Africa, Eastern Europe, Middle East, Latin America and Asia.

The financial assistance will be also rendered to the Central Asia countries – Uzbekistan, Tajikistan and Kyrgyzstan.

The pro-governmental Turkmen media outlet “Orient” highlights that the funding will not be allocated to Turkmenistan and Kazakhstan as they have been defined as upper middle income countries and, consequently, do not need any assistance.

According to the World Bank classification, the countries with GDP of $4,086 – 12,615 per capita fall under this category. Turkmenistan’s GDP per capita amounts to $7,065.

It should be highlighted that when doing the rankings the World Bank is guided by official statistics provided by the authorities and calculated the economic indexes based on the official exchange rate. If GDP is calculated using the current “black market” rate, this figure will amount to approximately $1,200.

Moreover, according to the findings of the European division of the WHO, Turkmenistan’s expenditures on healthcare are below the minimum level recommended by the organization.

Source: Turkmenistan.ru

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