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EBRD on diversification of economic activity of Turkmenistan

Turkmenistan Materials 12 January 2023 18:53 (UTC +04:00)
Khayal Khatamzadeh
Khayal Khatamzadeh
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BAKU, Azerbaijan, January 12. The intensification of export operations leads to the diversification of Turkmenistan's economic activity and an increase in the inflow of hard currency, EBRD Head of Turkmenistan, Fatih Turkmenoglu told Trend.

"The global crisis affects Turkmen exporters who only recently started developing their expertise in this area. These days they have to reconsider logistics on the regular basis, look for new export markets and adjust to the changing environment," the EBRD representative said.

According to him, in this regard, in this respect, it is very important to invest in the further development of export-oriented enterprises in Turkmenistan through finance and advisory support.

"The EBRD will continue to support small and medium-sized entrepreneurs who are already exporting or are interested in starting export activities in order to contribute to the country's economy. The intensification of export operations leads to the diversification of economic activity and an increase in the inflow of hard currency into the country. Ultimately, the Turkmen economy becomes macro-economically more resilient," the head of the representative office stressed.

Turkmenoglu added that the key area of the EBRD's activity is the development of the private sector of Turkmenistan, and also added that the bank is ready to consider the possibility of expanding its activities in the field of infrastructure and financial institutions.

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