BAKU, Azerbaijan, June 24. Turkmenistan and the
World Bank discussed cooperation on digital transformation, green
economy initiatives, transport development, and investment climate
reforms.


This was reflected in a press release issued by the Turkmen
government.


“Turkmenistan's Minister of Finance and Economy, Mammetguly
Astanagulov, held talks with World Bank representatives Andrei
Mikhnev and Inda John-Abraham,” the statement says.


According to the press release, particular attention was paid to
Turkmenistan's participation in regional projects, including the
Regional Electricity Market Initiative (REMIT) and the One Health
program.


The sides also reviewed issues related to environmental
sustainability, methane emission reductions in the oil and gas
sector, and modernization of water resource management, the report
notes.


Participants noted progress in integrating Turkmenistan's
macroeconomic indicators into World Bank analytical reports, the
press release said.







The parties additionally agreed to intensify work on improving
the country's investment climate to strengthen its position in the
World Bank's Business Ready assessment.


During the meeting, Turkmenistan and the World Bank signed a
$314,000 agreement on advisory support for the transition of the
national statistical system to the 2025 System of National Accounts
(SNA 2025) and the improvement of GDP calculation
methodologies.


According to the press release, the project is aimed at aligning
national statistics with international standards and enhancing
macroeconomic reporting practices.


To note, Turkmenistan has been cooperating with the World Bank
since joining the institution in 1992. In recent years, the
partnership has increasingly focused on technical assistance rather
than large-scale lending, covering areas such as economic
modernization, statistical reform, climate resilience, water
management, energy connectivity and private sector development.


The World Bank's current Country Engagement Note for FY2026-2027
identifies support for economic modernization as a key priority.
Among the focus areas are the modernization of macroeconomic
statistics, participation in the Regional Electricity
Interconnectivity and Trade Initiative (REMIT), methane emissions
reduction in the oil and gas sector, WTO accession support,
financial sector development and improvements to the business
environment through the Business Ready program.