BAKU, Azerbaijan, Oct. 2
Turkmenistan aims to attract investments from the International Islamic Trade and Finance Corporation (ITFC), President of Turkmenistan Gurbanguly Berdimuhamedov said at a meeting of the Cabinet of Ministers, Trend reports on Oct.2.
At the meeting, Vice Prime Minister Serdar Berdimuhamedov appealed to the president with a request to give permission to attract credit funds from the ITFC, as well as to sign the Framework Agreement.
The vice prime minister noted that one of the aspects of the foreign economic strategy of Turkmenistan is to build up productive interaction with reputable financial organizations.
Among the important partners of the country are the Islamic Development Bank (IDB) and the structures included in its group, he said.
The head of state noted with satisfaction that the IDB was one of the investors in a major international project - the construction of the North-South transport and communication corridor, as well as the modernization of the transport infrastructure of Turkmenistan, including the electrification of the Ashgabat-Karakum-Dashoguz railway.
According to him, the package of credit agreements signed with the IDB and its structural divisions clearly demonstrates the effectiveness of bilateral cooperation.
Having approved the submitted proposal to attract investments of the International Islamic Trade and Finance Corporation for projects, as well as to sign the Framework Agreement, the Turkmen president expressed confidence that this step, being an example of the successful implementation of investment policy, is intended to contribute to the further development of the national economy. In this context, the vice prime minister was given specific instructions.