The European Bank for Reconstruction and Development (EBRD) has invested over €333 million in 87 projects in Turkmenistan, primarily targeting industrial production and small to medium-sized enterprises. This information was reported by Eric Livny, the head of the EBRD office in Turkmenistan, in an article published in the Neutral Turkmenistan newspaper.
Since its establishment in 1992, the EBRD has worked to modernize production and assist Turkmen companies in accessing regional markets. The bank’s current portfolio in Turkmenistan consists of 15 active projects totaling €22 million. Key priorities include digitizing business processes and helping companies comply with international quality standards.
The EBRD is also formulating a new five-year strategy in collaboration with Turkmen authorities, which will focus on improving export potential and enhancing infrastructure. Promising areas for investment include renewable energy, water resource management, and the development of the Trans-Caspian transport corridor, which could act as a vital link between Europe and Asia.
As the largest investor in Central Asia, the EBRD continues to promote sustainable economic growth in Turkmenistan, with a strong emphasis on supporting the private sector and modernizing the economy. Founded in 1991 by 40 countries and two international organizations, the EBRD currently operates in 34 countries.
compiled by Sylap KULYEV,
student of the Institute of International Relations
of the MFA of Turkmenistan.
Comments