The European Bank for Reconstruction and Development (EBRD) is ready to continue to facilitate the attraction of foreign direct investment to support the diversification of the economy of Turkmenistan.
Turkmenistan's Foreign Ministry reports that EBRD Vice President Mark Bowman said this at a meeting with Turkmen Foreign Minister Rashid Meredov. "The talks discussed priority areas of cooperation to further improve the investment climate of Turkmenistan....".
Issues of cooperation in the fields of transport, logistics, information technology, renewable energy sources, climate change and support for national export-oriented companies, which are reflected in the EBRD Country Strategy, were considered.
Bowman noted that a lot of work had already been done in the development of the private sector, strengthening the financial base of public and private institutions, and improving transport links in the region.
The Bank's cumulative investment in Turkmenistan since the beginning of the Bank's operations amount to €334mn. The Bank's current portfolio in the country totals €27mn. The EBRD provides financing to private companies outside the oil and gas sector, focusing on the food industry and distribution, logistics, transport services, packaging, furniture and hotel business.
Eziz Boyarov
Comments (0)