BAKU, Azerbaijan, January 18
By Amina Nazarli - Trend:
USAID assistance does support the Government of Turkmenistan and local partners to improve the Turkmen securities market, Tammy Paltchikov, Public Affairs Officer told Trend.
“USAID’s assistance to Turkmenistan is targeted and based on USAID development strategies to strengthen and diversify the Turkmen economy, build citizen-responsive institutions, increase good governance, empower youth, and expand access to health care services,” she said. “To do this, USAID conducted a comparative legal analysis to identify gaps and barriers in existing legislation that limit the development of the Ashgabat Stock Exchange.”
Paltchikov noted that USAID presented the analysis to the government and other national stakeholders, who subsequently agreed to apply international standards to national policies and legal and regulatory frameworks, as well as to encourage the Ashgabat Stock Exchange leadership to participate in international associations related to securities markets.
“USAID has agreed to provide expert advice to the government and to establish a platform that supports training and research related to the development of the Ashgabat Stock Exchange,” the public affairs officer said.
According to Paltchikov the agency aims to increase regional connections between the economies and peoples of Central and South Asia to foster greater stability and prosperity.