USAID Launches Program to Spur Economic Activity in Turkmenistan

BUSINESS TURKMENISTAN
USAID Launches Program to Spur Economic Activity in Turkmenistan
The United States Agency for International Development (USAID) officially launched the Future Growth Initiative in Turkmenistan on Tuesday.

The United States Agency for International Development (USAID) officially launched the Future Growth Initiative in Turkmenistan, the Agency announced in a Tuesday press release.

The launch event gathered over 30 representatives of private sector and organizations.

Through this program, the USAID will support Turkmen enterprises in creating new jobs, improving skills, and increasing sales and exports in targeted sectors, including information and communications technologies, food processing, carpets, and leather and handicraft goods.

The participants of the event exchanged views on the project’s scope and principles, which focus on applying innovative and digital solutions to attract investment and boost sales and exports in the target sectors.

“Our aim is not just to create a network here in Turkmenistan or to link Turkmen businesses regionally with Central Asian partners, but to look beyond to the U.S. and other international firms to establish vital partnerships and attract investment,” the U.S. Ambassador to Turkmenistan Matthew Klimow said in his speech.

The attendees also identified key in-demand workforce skills, which USAID will incorporate into training offered to Turkmen youth and women. 

The USAID is an independent agency of the United States federal government that is primarily responsible for administering civilian foreign aid and development assistance.

The Agency’s Future Growth Initiative is designed to spur productive economic activity across Central Asia by increasing the competitiveness of local high-growth industries.