BAKU, Azerbaijan, June 12. Turkmenistan and the
Asian Development Bank (ADB) have discussed the current state of
cooperation and prospects for implementing joint priority
projects.
This was announced by the Ministry of Foreign Affairs of
Turkmenistan in a report published on June 12.
"Ambassador A. Bayramov met with I. Yang, Vice President of the
Asian Development Bank (ADB)," the report says, noting that the
meeting took place on the sidelines of official events marking the
128th anniversary of the independence of the Republic of the
Philippines.
During the talks, the sides exchanged views on the current state
and future directions of the mutually beneficial partnership
between Turkmenistan and the Asian Development Bank,'' the report
says.
According to the Ministry, in the course of the meeting,
particular attention was paid to the practical implementation of
joint priority projects.
"The parties exchanged views on the current state and promising
areas of mutually beneficial cooperation between Turkmenistan and
the Asian Development Bank, paying special attention to the
practical implementation of joint priority projects," the report
says.
For reference, the Asian Development Bank (ADB) has been
cooperating with Turkmenistan since 2000 and has committed about
$636 million in sovereign loans, grants, and technical assistance
projects. The bank's support has focused on transport, energy,
economic diversification, and regional connectivity. One of its
largest ongoing initiatives in the country is the $500 million
National Power Grid Strengthening Project, aimed at modernizing
transmission infrastructure and improving the reliability of
electricity supply.
Turkmenistan is also an active participant in the Central Asia
Regional Economic Cooperation (CAREC) Program, ADB's flagship
regional platform for transport and trade connectivity. Under its
2024-2028 Country Partnership Strategy, the bank plans to expand
cooperation with Turkmenistan in green energy, climate resilience,
transport infrastructure, private-sector development, and economic
reforms, making ADB one of the country's most important
multilateral development partners.
