Turkmenistan And ADB Assess Implementation Of New Joint Projects
(MENAFN- AzerNews)
Turkmenistan and the Asian Development bank (ADB) reviewed the
implementation of new joint projects, Azernews
reports.
According to the Turkmen Foreign Ministry, the implementation of
these projects was discussed during a meeting between the Minister
of Foreign Affairs of Turkmenistan, Rashid Meredov and the Director
General of the Central and West Asia Department of the ADB Eugenue
Zhukov.
During the meeting, the sides exchanged views on the state of
cooperation between Turkmenistan and the ADB, discussed the
possibilities of implementing new joint projects in the fields of
transport, healthcare, and entrepreneurship, as well as issues
related to renewable energy sources.
The effectiveness of Turkmenistan's long-term cooperation with
the ADB was emphasized, in particular, in the areas of transport
and energy, as well as in the field of private sector support and
investment partnerships.
Furthermore, the parties discussed joint preparatory work to
celebrate the 25th anniversary of Turkmenistan becoming an ADB
member in 2025.
Meanwhile, ADB has been cooperating with Turkmenistan since 2000
and has been helping to diversify the country's export markets and
strengthen its regional interconnections.
For example, the bank offered expert assistance in establishing
long-term exports of Turkmen electricity to Afghanistan, and the
loan portfolio approved by the bank for the country amounted to
$125 million.
Turkmenistan has also been involved in technical assistance
projects through the Central Asia Regional Economic Cooperation
(CAREC) Program since 2010.
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