BAKU, Azerbaijan, June 19. Turkmenistan and the
European Bank for Reconstruction and Development (EBRD) discussed
cooperation on economic reforms and investment projects.
This was reflected in a press release published by
Turkmenistan's Foreign Ministry following a meeting between Foreign
Minister Rashid Meredov and EBRD Representative Office Head Eric
Livny.
"At the meeting, the parties confirmed their mutual interest in
further developing partnership aimed at supporting economic
reforms, attracting investment and implementing projects in
strategically significant areas," the ministry said.
According to the ministry, the sides also reviewed current
issues related to bilateral cooperation.
The ministry noted that the parties highlighted the role of
regular consultations in advancing practical cooperation and new
joint initiatives.
For reference, the EBRD has been operating in Turkmenistan since
1992 and has invested about €321 million through 88 projects, with
all current operations focused on the private sector. The bank's
active portfolio in the country includes support for private
companies, trade finance and financial institutions, while its
strategy prioritizes SME development, logistics, transport services
and the attraction of foreign investment.
The EBRD has consistently positioned private-sector development
as the core objective of its engagement in Turkmenistan. The bank
supports local businesses through partner banks and direct
financing, while also promoting trade integration and investment
projects linked to regional transport corridors, including CAREC
and TRACECA routes.
