ASHGABAT, Turkmenistan, September 22. Asian Development Bank (ADB) is formulating the next country partnership strategy for Turkmenistan, a source at the bank told Trend.
According to the ADB, the next country partnership strategy with Turkmenistan will provide a strategic framework for engagement in 2024–2028.
"The strategy will support national economic development with a strong focus on market connectivity, economic diversification, private sector development and investment, building human capital, supporting climate action, including climate adaptation and mitigation, and gender mainstreaming," the ADB said.
It was noted that, as part of this process, the bank is conducting a number of diagnostic studies to identify the opportunities and priorities of the region for the next stage of the ADB-Turkmenistan partnership.
"The new strategy will emphasize the country’s transition to low-carbon energy in accordance with the ADB’s commitment to align its new operations with the Paris Agreement by July 1, 2023," the ADB noted.
Cooperation between the Asian Development Bank (ADB) and Turkmenistan is an important partnership in the field of finance and development in the Central Asian region. This partnership contributes to the development of Turkmenistan's economy by strengthening infrastructure and improving the standard of living of its citizens.