Headquarters of the European Bank for Reconstruction and Development, London, Great Britain

The European Bank for Reconstruction and Development (EBRD) supports the development of export potential of Turkmenistan, Trend news agency reported on Friday with reference to the the head of the EBRD Office in Turkmenistan Fatih Turkmenoglu.

Turkmenoglu noted that the development of the private sector of Turkmenistan is a key direction of the EBRD’s activity in the country.

In addition, Fatih Turkmenoglu added that the bank is ready to consider expanding its activities in the areas of infrastructure and financial institutions.

The head of the EBRD office in Turkmenistan said that the global crisis affects Turkmen exporters who only recently started developing their expertise in this area. The EBRD will continue to support small and medium-sized entrepreneurs who are already exporting or are interested in starting export activities in order to contribute to the country’s economy.

“The EBRD Advice for Small Businesses (ASB) program organized an online meeting of Turkmen producers with potential partners from the neighboring Central Asian countries on October 20, 2022. The online meeting was part of the Series of Export Promotion Events for local SMEs organized by the ASB program,” Fatih Turkmenoglu added.

In conclusion, the head of the EBRD office stressed that the Turkmen economy becomes macro-economically more resilient.