ASHGABAT, Turkmenistan, March 3. Asian Development Bank (ADB) is formulating the next country partnership strategy for Turkmenistan which will provide the strategic framework for engagement for 2024-2028, Trend reports.
According to the bank, 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 notes that, as part of this process, it is conducting a range of diagnostic studies to identify opportunities and priority areas 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 ADB’s commitment to align its new operations with the Paris Agreement by 1 July 2023," the bank noted.