BAKU, Azerbaijan, October 22
By Jeila Aliyeva - Trend:
Turkmenistan plans to attract investments received from foreign banks and financial organizations for lending to industries, Trend reports with reference to Turkmenistan’s State News Agency.
This was stated by Chairman of the Central Bank of Turkmenistan Merdan Annadurdiev to President of Turkmenistan Gurbanguly Berdimuhamedov during the working meeting.
Credit institutions will strictly control the full and targeted use of the allocated funds, the report says.
In particular, the necessary conditions have been created to ensure security and guarantees for foreign investors and creditors, which in turn has contributed to the growth of interest of foreign entrepreneurs to participate in Turkmenistan's projects.
As it was reported earlier, the work is underway to introduce digital technologies into Turkmenistan’s banking sector.
The introduction of digital technologies into the banking sector of the country will expand the range of banking services and the capabilities of the national payment system provided to customers, as well as increase the competitiveness of credit institutions.
In general, the country's financial sector is constantly expanding. In particular, mobile applications are being introduced to pay for various services and goods, the number of non-cash payments is increasing, and payment for goods and services is being implemented through banking terminals.
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