Turkmenistan, Isdb Moot Priority Issues Of Cooperation In Energy Sector


(MENAFN- Trend News Agency) ASHGABAT, Turkmenistan, September 20. Turkmenistan and the Islamic Development bank (IsDB) have discussed priority issues of cooperation in the energy sector and confirmed readiness to further strengthen the long-standing cooperation in other areas, Trend reports via Turkmenistan's official media source.

According to the inforama, it became known after the meeting between Turkmen President Serdar Berdimuhamedov and the head of IsDB Muhammad Al Jasser in Ashgabat.

The parties paid special attention to the diversification of Turkmenistan's Economy and prospects for cooperation in the energy sector, where the country has rich natural resources.

Furthermore, the sides stressed the importance of developing transport and logistics infrastructure, as well as the possibility of intensifying international transportation through the Caspian Sea and expanding the capacity of the Turkmenbashi International Sea Port. In addition, directions of cooperation in the field of Internet technologies and telecommunications were outlined, as well as opportunities for activation of IDB contacts with the private sector and development of small and medium-sized businesses.

The negotiations also focused on projects in the areas of health care and education. The President emphasized the importance of promoting public health and increasing life expectancy, noting the IsDB's contribution to the construction of medical infrastructure.

The head of state noted that the expansion of international cooperation with reputable financial institutions plays an important role in the country's economic development strategy.

To note, Turkmenistan joined the Islamic Development Bank (IsDB) in November 1994.

The IDB Board of Executive Directors approved $369 million in June 2024 to finance new projects in member countries. As part of the financing, Turkmenistan received $156 million to build cancer centers and train medical staff. The project is designed to increase access to quality cancer services by increasing inpatient care by 33 percent and improving the quality of treatment for 11,750 patients annually.

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Trend News Agency

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