Turkmenistan and ADB
In the Spotlight
Turkmenistan's growth is projected to rise slightly to 6.5% in 2017 and 7.0% in 2018. Find out about current and projected economic growth in Turkmenistan and compare the data with other developing countries in Central Asia.
The Country Operations Business Plan, 2018 follows the strategic direction of ADB for its activities in Turkmenistan. These include engagement with the country in the transport, energy, and finance sectors, which show strong potential to achieve inclusive and environmentally sustainable growth and regional integration.
ADB Trade Finance Program (TFP) launched a two-day workshop for trade finance professionals in Tashkent. A total of 48 participants representing 36 banks from seven Central Asia and Caucasus countries attended the workshop.
ADB President Takehiko Nakao attended the 15th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference, which welcomed Georgia as its 11th member. CAREC Ministers agreed to formulate a new long-term strategy for CAREC to enhance its relevance in the context of changing economic and development conditions.
ADB began working with Turkmenistan in 2000 and has since been helping to diversify the country’s economic base and increase its share of regional trade.
Given Turkmenistan’s vast energy resources and strategic location, ADB operations focus on enhancements to the country’s transport and energy sectors, with infrastructure projects fostering regional cooperation. ADB has also provided expert advice through a technical assistance grant to facilitate the long-term exporting of power to Afghanistan.
Turkmenistan is a member of the Central Asia Regional Economic Cooperation (CAREC) Program.