Turkmenistan and ADB
In the Spotlight
Developing Asia remains the fastest growing region globally despite slower-than-expected growth in major industrial countries as key economies move ahead with structural reforms, says a new ADB report. Read about the economic outlook for Turkmenistan.
Food insecurity and economic vulnerability should be included in a broader definition of poverty that could help policymakers develop more effective approaches, says new ADB report. Download the statistical tables for Turkmenistan.
In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets.
In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 3 connects the Russian Federation to South Asia and the Middle East, running through six of CAREC’s member countries.
Estimated to be completed in October 2014, the $116.8 million project is financing the power supply, signaling, and telecommunication systems for a 289-km line between Chilmammet and Buzkhun stations along the transnational North-South railway corridor.
Turkmenistan's location places the country in a prime position to facilitate interregional connections among the countries of Central Asia, South Caucasus, South Asia, and the Middle East.
ADB has been actively supporting Turkmenistan’s role in facilitating regional cooperation and strengthening regional energy security through projects aimed at enhanced energy exports from Turkmenistan to the Asian energy markets.
ADB will work with the government to promote regional economic cooperation. ADB's assistance will focus on infrastructure development in the transport and energy sectors, and in assisting the government’s full engagement in the Central Asia Regional Economic Cooperation program.