EIB Plans to Operate in Turkmenistan Following the Conclusion of a Framework Agreement

The European Investment Bank (EIB) considers the conclusion of a Framework Agreement with Turkmenistan as a primary condition for starting its operations in the country. This was stated by Olivier Quini, Head of the Bank’s Regional Representation for Central Asia, in an interview with the "Trend" agency.

Olivier Quini mentioned that once the bank begins its work in Turkmenistan, priority will be given to projects involving sustainable transport, digital technology systems, and initiatives that meet environmental and social standards. This approach is aimed at ensuring long-term sustainable growth through infrastructure investments.

Furthermore, the European Investment Bank is participating in the coordination platform of the Trans-Caspian Transport Corridor and is collaborating with international partners to promote cross-border transport and digitalization projects. These initiatives are designed to strengthen interregional integration and stimulate economic growth in Central Asia.

The European Investment Bank is the primary public lending institution of the European Union, established in 1958 in Luxembourg. The bank finances development-oriented projects in the fields of infrastructure, ecology, energy, and digitalization.