Development of the capital market and the stock exchange being discussed at an OSCE-organized online seminar that was concluded on 16 September 2021.
The two-day event brought together representatives of the Ministry of Finance and Economy of Turkmenistan, Central Bank, Academy of Civil Servants, Ashgabat Stock Exchange and other relevant state bodies, non-governmental structures and credit institutions.
Officials of the Stock Exchange of Kazakhstan shared best practices in managing capital market and the Stock Exchange. Their presentations focused on identifying effective capital market instruments, forming a diversified investment portfolio and building an infrastructure of the capital market.
Experts also elaborated on the monitoring of emitters and the Stock Exchange members, as well as presented listing procedures and security trade mechanisms. The national representatives made an overview of the capital market of Turkmenistan and discussed possible steps towards further development of its infrastructure. John MacGregor, Head of the OSCE Centre in Ashgabat, said: “A well-developed domestic capital market allows governments and companies to access long-term finance in local currency, increases investments directed towards innovation, and promotes sustainable growth with greater employment opportunities for middle-class community.” He added that the OSCE recognizes the importance of creating a good business environment for countries aiming to attract investment and develop their private business sectors.
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Source: OSCE Center in Ashgabat
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