EBRD Discloses Latest Data On Projects Portfolio In Turkmenistan

2024-01-31 02:17:43

(MENAFN- Trend News Agency) ASHGABAT, Turkmenistan, January 26. The current loan portfolio of the European bank for Reconstruction and Development (EBRD) projects in Turkmenistan was estimated at about 26 million euros, Trend reports.

According to the bank, the loan portfolio is calculated for the implementation of 22 projects.

Most of the project portfolio (comprising 94 percent, equivalent to approximately 25 million euros) is earmarked for investments in industry, commerce, and agribusiness, with the remaining 6 percent (equivalent to 2 million euros) allocated to investments in financial institutions.

As the EBRD noted in its report, all the existing investment portfolio is allocated for Turkmenistan's private sector.

Collectively, the bank's investments in Turkmenistan surpass 328 million euros, encompassing a range of 87 distinct projects.

MENAFN31012024000187011040ID1107790336

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.