Turkmenistan, Ashgabat, June 29 / Trend H.Hasanov /
Turkmen President Gurbangulu Berdimuhammedov signed a decree appointing a commissioner to the European Bank for Reconstruction and Development (EBRD) this week. Under the decree, Turkmen Central Bank Deputy Chairman Merdan Annadurdiyev was made the EBRD deputy governor from Turkmenistan. He replaced Dovlet Akhatov who was released for health reasons.
The EBRD was established in 1991 as Central and Eastern European communist regimes fell and the former Soviet states sought support to nurture the private sector and democracy.
EBRD investment instruments are used to establish market economies and democracies in 30 countries from Central Europe to Central Asia. The Turkmen Constitution contains an article declaring the country's gradual transition to a market economy.
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