ASHGABAT, Turkmenistan, April 27. Asian
Development Bank (ADB) identified strengthening public investment
management as a key policy direction to improve the efficiency and
developmental impact of public spending in Turkmenistan, Trend reports.
The bank’s April 2026 outlook says that public investment has
played a central role in supporting Turkmenistan’s economic growth
through sustained spending on infrastructure, industrial capacity,
and social services, including large-scale national projects such
as Arkadag, a “smart city.”
According to the report, the country’s long-term development
agenda, including the Presidential Program of Socio-Economic
Development for 2022-2052 and medium-term strategies for 2022-2028,
prioritizes large infrastructure and industrial initiatives, while
seeking to improve coordination between state institutions and
align capital spending with national goals.
At the same time, the assessment notes that there is further
scope to enhance the efficiency and effectiveness of public
investment allocation, as the state continues to dominate the
investment landscape with the gradual expansion of private sector
participation.
The report highlights that stronger public investment management
frameworks, based on clearer prioritization, transparency, and
improved resource allocation, could help increase the long-term
growth impact of spending.
It also points to international experience suggesting that
closer alignment with global best practices, supported by
cooperation with development partners, may contribute to greater
economic resilience, diversification, and sustainable growth
prospects.
