Turkmen Government Focuses on Management of Investments

BT
Turkmen Government Focuses on Management of Investments
the Head of State noted that the attracted investments should be aimed at financing large-scale projects in leading sectors of the national economy, primarily in the fuel and energy complex.

The President of Turkmenistan Gurbanguly Berdimuhamedov held a working meeting on the issues of attraction and management of investments.

The Chairman of the Turkmen Central Bank Merdan Annadurdiyev and the Chairman of the State Bank for Foreign Economic Affairs of Turkmenistan Rahymberdi Jepbarov attended the meeting held on Tuesday.

During the meeting, the Head of State noted that the attracted investments should be aimed at financing large-scale projects in leading sectors of the national economy, primarily in the fuel and energy complex, in the digitalization of the national economy, agriculture, transport and communications sectors.

The heads of banks reported on financing the digitalization of economic sectors, industrialization of the national economy, the transformation of the country's regions, strengthening the position of the Turkmen oil and gas sector abroad, and the formation of a transport and logistics infrastructure.

Turkmen Leader outlined the development of investment services in the economy of Turkmenistan in cooperation with foreign banks and international financial institutions as a priority. The Head of State also noted the importance of expanding existing traditional ties and establishing new contacts.

“The list of banking services offered to the population should be expanded with the use of Internet and mobile communications. In accordance with the industrialization program, particular attention should be paid to financing projects implemented with the participation of representatives of the private sector - the rapidly developing small and medium size enterprises of the Union of Industrialists and Entrepreneurs,” the President of Turkmenistan said during a meeting and then gave instructions to the head of the Central Bank in this direction.

Turkmen President highlighted the importance of measures to saturate the market with domestic products, and noted with satisfaction the creation of export-oriented productions.

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