ASHGABAT, Turkmenistan, November 2. The current loan portfolio of the European Bank for Reconstruction and Development (EBRD) projects in Turkmenistan was estimated at about 28 million euros, Trend reports.
The bank said the loan portfolio is calculated for the implementation of 22 projects.
Most of the project portfolio (comprising 95 percent, equivalent to approximately 32 million euros) is earmarked for investments in industry, commerce, and agribusiness, with the remaining 5 percent (equivalent to 2 million euros) allocated to investments in financial institutions.
As the EBRD noted in its report, all the existing investment portfolio is allocated for Turkmenistan's private sector.
Collectively, the bank's investments in Turkmenistan surpass 325 million euros, encompassing a range of 87 distinct projects.