BAKU, Azerbaijan, April 29. The current loan portfolio of the European Bank for Reconstruction and Development (EBRD) projects in Turkmenistan was estimated at about 32 million euros, Trend reports with reference to the EBRD.
The loan portfolio is for the implementation of 22 projects.
According to the EBRD, the majority of the project portfolio (95 percent, or almost 31 million euros) is directed toward investments in industry, commerce, and agribusiness, and 5 percent, or 2 million euros, towards investments in financial institutions.
In total, the bank has invested over 329 million euros in 87 projects in Turkmenistan.
Earlier, the Head of the EBRD Resident Office in Turkmenistan, Fatih Turkmenoglu, said that the bank 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.