Turkmenistan and ADB
In the Spotlight
ADB's country operations business plan, 2018–2019, for Turkmenistan is aligned with ADB’s country partnership strategy, 2017–2021. ADB will explore the potential of nonsovereign operations to promote private sector investment in the country.
ADB Board of Directors has endorsed a 5-year Country Partnership Strategy (CPS) for Turkmenistan to support regional cooperation and economic diversification during 2017-2021. This is ADB’s first full CPS with Turkmenistan since the country joined ADB in 2000.
ADB has served since 2003 as the secretariat of the 1,600-kilometer Turkmenistan–Afghanistan–Pakistan–India (TAPI) Natural Gas Pipeline, which will export up to 33 billion cubic meters of natural gas per year from Turkmenistan to Afghanistan, India, and Pakistan.
During the 16th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference, President Takehiko Nakao announced that ADB will commit more than $5 billion to supporting CAREC 2030 in the next 5 years.
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.
Projects in Turkmenistan
- Small and Medium-Sized Enterprises Finance Project
- Power Sector Development Project
- Preparing the Central Asia Regional Economic Cooperation Corridors 2, 3 and 6 (Turkmenabat–Mary–Ashgabat–Turkmenbashi) Railway Modernization Projects
- Central Asia Regional Economic Cooperation Corridors 2, 3 and 6 (Turkmenabat-Mary) Railway Modernization Project