Turkmenistan Is Preparing to Sign a Package of Agreements with the EBRD During the Bank's Delegation's July visit
Ashgabat is intensifying investment and project cooperation with major international financial institutions. At a regular meeting of the Cabinet of Ministers of Turkmenistan on Friday, Deputy Prime Minister and Minister of Foreign Affairs Rashid Meredov reported on preparations for the visit of the head of the European Bank for Reconstruction and Development (EBRD) to Turkmenistan, scheduled for next month.
In preparation for the visit, an extended working meeting has already been held in Ashgabat. It was attended by the heads of relevant Turkmen ministries, key industry agencies, and the head of the EBRD Resident Mission in Turkmenistan. The main topic of discussion was the detailed development and final approval of draft bilateral documents, which are planned to be signed during the upcoming negotiations.
To date, the Ministry of Foreign Affairs, together with the government's economic bloc, has prepared a package of agreements on key areas of strategic partnership. These areas of cooperation include the fuel and energy sector, modernization of transport and logistics infrastructure, joint environmental initiatives, and projects in the financial and banking sectors.
Summarizing the report, President Serdar Berdimuhamedov emphasized that Turkmenistan has demonstrated successful cooperation with the EBRD for many years and instructed the head of the Ministry of Foreign Affairs to continue working to develop productive cooperation.
According to the European Bank for Reconstruction and Development's latest Regional Economic Prospects report, Central Asia and Mongolia will remain resilient to geopolitical shocks and demonstrate the highest growth rates among the EBRD's countries of operation in 2026 and 2027. Turkmenistan's GDP is projected to grow by 6.3% in both 2026 and 2027, with potential for increased investment and expansion of the Galkynysh gas field.
