Turkmenistan, Ashgabat, June 1 / Trend H. Hasanov /
Ashgabat hosted the international conference "Globalization of the financial system and inter-regional criteria for its sustainable development", organized by the Turkmen government together with the International Monetary Fund and World Bank.
Such issues as the changes in the global financial system and their consequences for the countries of Central Asia and Caucasus were the key note of the forum.
It was stressed that an effective regional investment policy and support for the private sector are a key factor for sustainable economic growth in the Caspian region.
According to the organizers, top managers of the IMF, World Bank, EBRD, IDB, ADB, the International Finance Corporation attended the forum. The specialists of such well-known banks as Citibank, Deutsche Bank, China Development Bank, representatives of the Turkish Central Bank, National Banks of Switzerland, Belgium, the trade representative office of the Russian Federation, as well as a number of such leading global companies as De La Rue, The Royal Mint Limited, Cleave & Company Ltd, Giesecke & Devrient GmbH were involved in the event.
"The relevance of partnership between the state and private business has been once again confirmed amid the global financial crisis," the state news service Turkmen Dovlet Khabarlary said. "This opens great opportunities for all interested parties."
Effective steps taken in this area allow the state to reduce the budget burden, to ensure the development of infrastructure in settlements, to increase employment, to develop private entrepreneurship and to improve the quality of goods and services.
"The state support for the private sector is among the most important and most urgent to implement various infrastructure projects," the statement said.