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Turkmenistan, IBRD sign protocol of negotiations on COVID-19 response draft

Finance Materials 16 January 2021 10:57
Turkmenistan, IBRD sign protocol of negotiations on COVID-19 response draft

BAKU, Azerbaijan, January 16

By Jeila Aliyeva - Trend:

A protocol of negotiations was signed between Turkmenistan and the International Bank for Reconstruction and Development (IBRD) on the COVID-19 response project within the framework of the Global multifaceted program approach to emergency situations COVID-19,Trend reports with reference to the Ministry of Foreign Affairs of Turkmenistan.

The protocol was signed during an online meeting between representatives of Turkmenistan and the World Bank delegation from January 12 through 14, 2021.

The sides discussed the issues of crediting the COVID-19 response project within the framework of the Global multifaceted program approach to emergency situations COVID-19.

The parties stressed the need to develop multifaceted cooperation to overcome the consequences of the global pandemic on the health systems and economies of the world.

The delegation highly appreciated the activities of Turkmenistan aimed at countering the spread of particularly dangerous infectious diseases in the country.

Earlier, World Bank’s representative told Trend that Turkmenistan and the World Bank are in early stages of discussions on potential activities to support private-sector producers of agricultural products in the country.

According to WB, such activities would foster economic diversification of Turkmenistan, increase food self-reliance, and boost export opportunities in the economy’s non-hydrocarbon sectors.

“World Bank will contribute to the strengthening of regional coordination and information sharing and services; the improvement of the technical and organizational capacity of the Executive Committee of the International Fund for Saving the Aral Sea and the Regional Center for Hydrology as coordination mechanism benefiting National Hydrometeorological Services; the enhancement of the regional system of (re-)training and professional development in the fields of meteorology, hydrology, and climate; and the overall increase in the quality of hydrometeorological services provided by National Hydrometeorological Services,” said the representative of WB.

In this regard, WB plans to carry out preparatory activities to draft terms of reference alongside work on developing technical specifications.

The sides also are cooperating in strengthening country's digital economy, said the bank.

“World Bank promotes the use of foundational and frontier digital technologies to transform the way public services are delivered and governments interact with citizens,” said the representative.

The joint work of Turkmenistan and WB in the mentioned area could include technical advice and assistance to the banking sector, what would contribute for further digitization of banking services.

In addition, WB has shared views on the bank's priorities of its cooperation with Turkmenistan. It was noted that Turkmenistan has been requesting the World Bank for support in strengthening the capacity and functioning of institutions in banking and finance, statistics, and hydrometeorological services.

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