Representatives of Turkmenistan’s Ministry of Finance and Economy held talks Monday with a delegation from the European Investment Bank led by Edvardas Bumsteinas, head of the bank’s Asia, Central Asia and Pacific Department. The two-day visit to Ashgabat is aimed at conducting final negotiations on a framework agreement between Turkmenistan and the European Investment Bank.
The meeting highlighted that Turkmenistan’s economic development strategy prioritizes expanding international cooperation, including strengthening ties with reputable financial institutions and banking structures, according to the country’s official media.
Participants recalled a meeting held in April last year in Samarkand during the first Central Asia–European Union summit, which took place alongside President Serdar Berdimuhamedov’s working visit to Uzbekistan, with the head of the European Bank for Reconstruction and Development. The sides expressed interest in further developing mutually beneficial cooperation in this area.
Special attention was given to energy sector cooperation. It was emphasized that Turkmenistan is implementing initiatives to develop environmentally friendly “green” energy alongside diversification of the sector.
Turkmenistan also attaches importance to developing the agricultural sector, particularly the rational and efficient use of water resources. In this context, the European Investment Bank’s support for cooperation with relevant agencies on the construction of irrigation facilities and the introduction of high-tech equipment was noted.
The meeting concluded with confidence that effective collaboration between Turkmenistan and the European Investment Bank will be established in the identified areas.
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