BAKU, Azerbaijan, June 27. The President of the
European Bank for Reconstruction and Development (EBRD), Odile
Renaud-Basso, is expected to visit Turkmenistan in July.
This was reflected in a press release published by the press
service of the Turkmen government following a Cabinet of Ministers
meeting chaired by President Serdar Berdimuhamedov.
According to the report, Deputy Prime Minister and Foreign
Minister Rashid Meredov reported that preparations are underway for
the upcoming visit of the EBRD leadership, during which draft
agreements are being finalized for signature.
"As part of the preparations for the visit of the head of this
organization to our country next month, a working meeting was held
with the participation of the heads of relevant domestic ministries
and sectoral agencies, as well as the head of the EBRD’s
representative office in Turkmenistan," the press release says.
According to the report, a working meeting discussed proposed
documents covering energy, transport, environmental protection, and
financial and banking cooperation.
The government noted that the planned agreements aim to further
strengthen strategic partnership between Turkmenistan and the EBRD
across key sectors of the economy.
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.
