USAID empowers early adopters of digital economy of Turkmenistan

Business Materials 25 January 2021 18:59 (UTC +04:00)

BAKU, Azerbaijan, January 25

By Jeila Aliyeva - Trend:

USAID empowers early adopters of digital economy in Turkmenistan, Stephen Guice, Public Affairs Officer of the US Embassy in Ashgabat told Trend.

"To support Turkmenistan’s goal of compliance with International Financial Reporting Standards (IFRS), USAID hosted over 80 accountants and managers from small and medium-sized Turkmen enterprises to share how transition to a digital economy will impact accounting practices," said Guice.

Aligned with the government of Turkmenistan priorities to promote digitalization, USAID is empowering the fledgling private sector with the skills to embrace new global technologies and international best practices - and to advocate for improvements to the business enabling environment, added Guice.

Also, USAID invests in Turkmenistan’s future workforce: USAID’s program trained 63,252 persons in 2020, including 459 teachers and 62,793 young people (4 percent of the country’s youth), from 2019 through 2020 academic year in various aspects of workforce development.

"Young people trained in USAID youth activities acquire knowledge and tangible skills to start businesses and to work successfully both in the private and public sectors, thereby increasing workforce readiness."

Guice added that to increase Turkmen farmers' and traders' readiness and ability to export horticultural goods, USAID helped launch a new export promotion hotline in Turkmenistan.

"The hotline complements the agronomic advisory hotline successfully rolled out in April 2020. The two remote, virtual hotlines synergize USAID’s efforts to develop value chains from production to export. Over the year, 30 inquiries were addressed through the hotline including providing remote consultations on cultivation of soybean, peanut, potato crops, pest-control, treating saline lands, and others," Guice said.

These complementary and on-demand, virtual hotlines will continue delivering much needed support to Turkmenistan’s agricultural producers and provide quality advice to Turkmen exporters, concluded Guice.

Follow the author on Twitter: @JeilaAliyeva