overnment's commitment to a specific timetable of economic reforms.

Turkmenistan:
Turkmenistan is largely desert country with intensive
agriculture in irrigated oases and huge gas (fifth largest reserves
in the world) and oil resources. One-half of its irrigated land is
planted in cotton, making it the world's tenth largest producer.
Until the end of 1993, Turkmenistan had experienced less economic
disruption than other former Soviet states because its economy
received a boost from higher prices for oil and gas and a sharp
increase in hard currency earnings. In 1994, Russia's refusal to
export Turkmen gas to hard currency markets and mounting debts of
its major customers in the former USSR for gas deliveries
contributed to a sharp fall in industrial production and caused the
budget to shift from a surplus to a slight deficit. With an
authoritarian ex-communist regime in power and a tribally based
social structure, Turkmenistan has taken a cautious approach to
economic reform, hoping to use gas and cotton sales to sustain its
inefficient economy. Privatization goals remain limited. In
1998-2000, Turkmenistan suffered from the continued lack of adequate
export routes for natural gas and from obligations on extensive
short-term external debt. At the same time, however, total exports
rose sharply because of higher international oil and gas prices.
Prospects in the near future are discouraging because of widespread
internal poverty and the burden of foreign debt. IMF assistance
would seem to be necessary, yet the government is not as yet ready
to accept IMF requirements. Turkmenistan's 1999 deal to ship 20
billion cubic meters (bcm) of natural gas through Russia's Gazprom
pipeline helped alleviate the 2000 fiscal shortfall. Inadequate
fiscal restraint and the tenuous nature of Turkmenistan's 2001 gas
deals, combined with a lack of economic reform, will limit progress
in the near term.

Turks and Caicos Islands:
The Turks and Caicos economy is based on
tourism, fishing, and offshore financial services. Most capital
goods and food for domestic consumption are imported. The US was the
leading source of tourists in 1996, accounting for more than half of
the 87,000 visitors; tourist arrivals had risen to 93,000 by 1998.
Major sources of government revenue include fees from offshore
financial activities and customs receipts.

Tuvalu:
Tuvalu consists o