Turkmenistan creating Investment Fund
Ashgabat, Turkmenistan, Jan. 13
By Huseyn Hasanov – Trend:
The State Bank for Foreign Economic Affairs (Vnesheconombank) of Turkmenistan is creating an Investment Fund, the Turkmen Dovlet Habarlary state news agency reported.
The Fund is expected to be created with participation of foreign companies in order to attract investments for financing new projects in the country.
Based on the international tender for the feasibility study and business plan preparation in December 2017, a contract was signed with Baker Tilly Rus Consulting JSC (Russia) and the relevant work was started.
Vnesheconombank is the official agent of the Turkmen government on the international capital market and attracts medium-term and long-term foreign loans for financing of strategically important investment projects.