Turkmenistan and the European Bank to Hold Final Negotiations on the Draft Framework Agreement

On Monday, a meeting was held at the Ministry of Finance and Economy of Turkmenistan with a delegation led by Edvardas Bumsteinas, Head of the Asia, Central Asia, and Pacific Department of the European Investment Bank (EIB). The purpose of the two-day visit of the European Investment Bank delegation to Ashgabat is to conduct final negotiations on the draft Framework Agreement between Turkmenistan and the EIB.

During the meeting, it was noted that Turkmenistan’s economic development strategy prioritizes expanding international cooperation, particularly activating relations with prestigious financial institutions and banking structures. This was reported by the official media of Turkmenistan.

The interlocutors drew attention to the meeting between the President of Turkmenistan, Serdar Berdimuhamedov, and the head of the European Bank for Reconstruction and Development, held in Samarkand last April within the framework of the first "Central Asia – European Union" summit. The parties also expressed interest in advancing mutually beneficial cooperation in this direction.

The meeting focused on the development of cooperation in the energy sector, noting that along with the diversification of this system, programmatic work is being carried out in Turkmenistan on clean, environmentally friendly "green" energy.

Turkmenistan attaches special importance to the development of the agricultural sector, particularly the economical and rational use of water resources. In this regard, support was expressed for the European Investment Bank's cooperation with relevant agencies on the construction of irrigation facilities and the installation of high-tech equipment.

At the end of the meeting, confidence was expressed that effective cooperation between Turkmenistan and the European Investment Bank would be carried out in the future across the stated areas.