BAKU, Azerbaijan, July 29. Turkmenistan and the
European Bank for Reconstruction and Development (EBRD) have signed
five memorandums of understanding covering banking, transport,
energy.
The documents were signed following a meeting between Turkmen
Foreign Minister Rashid Meredov and EBRD President Odile
Renaud-Basso, according to a press release issued by Turkmenistan's
Ministry of Foreign Affairs on July 28.
"The sides signed five memorandums of understanding aimed at
expanding cooperation across key sectors of the economy," the
ministry said in the press release.
The signed documents are:
- Memorandum of Understanding between the Central Bank of
Turkmenistan and European Bank for Reconstruction and Development
in respect of the core strategic objectives to be pursued by the
EBRD in Turkmenistan in 2027-2032;
- Memorandum of Understanding between Central Bank of
Turkmenistan and European Bank for Reconstruction and Development
in respect of strategic partnership on strengthening the banking
sector and supporting export-driven growth and diversification of
Turkmenistan’s economy;
- Memorandum of Understanding amongst the Ministry of
Environmental Protection of Turkmenistan, the Ministry of Energy of
Turkmenistan, the State Concern Turkmengaz, the State Concern
Turkmennebit, the State Concern Turkmenhimiya, and the European
Bank for Reconstruction and Development in respect of cooperation
in the field of sustainable energy, environmental protection, and
the efficient use of water resources in Turkmenistan;
- Memorandum of Understanding amongst the Ministry of Railways
of Turkmenistan and the Ministry of Automobile Roads of
Turkmenistan and European Bank for Reconstruction and Development
in respect of cooperation on modernizing transport corridors and
developing Turkmenistan’s transit potential;
- Memorandum of Understanding between the Ashgabat City
Administration and the European Bank for Reconstruction and
Development in respect of cooperation within the framework of
EBRD's Green Cities Programme.
