Turkmenistan, EBRD Continue Implementation of Joint Projects

BUSINESS TURKMENISTAN
Turkmenistan, EBRD Continue Implementation of Joint Projects
Since the beginning of the EBRD's operations in the country, the bank has signed 80 projects with a total aggregate volume of banking investments of €292 million.

The European Bank for Reconstruction and Development (EBRD) and Turkmenistan are implementing new joint projects in 2021, Trend news agency reported on Wednesday citing EBRD representative Anton Usov. Projects are scheduled for mid-January 2021.

Regarding investment plans with Turkmenistan for the current year, Usov noted that the EBRD's activities are demand-driven.

According to Usov, the active portfolio of the EBRD for the period by mid-November last year for Turkmenistan amounted to 59 million euros and 34 projects. Since the beginning of the EBRD's operations in the country, the bank has signed 80 projects with a total aggregate volume of banking investments of €292 million.

Usov emphasized that one of the key strategic priorities of the EBRD in Turkmenistan is to support private sector development. The EBRD provides financing to private companies involved in the production, processing and distribution of food, logistics, transportation, packaging, furniture production and hospitality.