Turkmenistan considers an idea of creation of the Network of Funds of national development in the region of ECO

Turkmenistan considers an idea of creation of the Network of Funds of national development in the region of ECO

The last year when the financial and economic condition of many states suffered from the situation with the pandemic coronavirus and the world crisis caused by it, on different international platforms ideas of creation of funds are considered. The Economic Cooperation Organization (ECO) also advances the similar network which mechanisms were considered on Wednesday at the 1st meeting of heads of the National Development and Wealth Fund of the ECO Member States.

The delegation of the Ministry of Finance and Economy of Turkmenistan took part in this online meeting online under the chairmanship of Iran. In speeches of representatives of the country it was noted that Turkmenistan will consider a possibility of creation of the Network of Funds of national well-being and development of ECO member states, taking into account all arrived proposals and within the limits of the goals and tasks of the Stabilization Fund of Turkmenistan.

Concentration of financial resources on priority regional infrastructural projects is of great importance for economic development. It is thus important in order not to duplicate the goals and tasks and also efficient control these resources, the Turkmen side underlined.

Participants of the meeting also agreed to define interaction ways to development of a regional industrial-marketing chain for the purpose of acceleration of industrial diversification and increase of attraction of the region for the international investors, strengthening of economic growth of ECO region.

Priority branches for interaction in the field of establishment of investment possibilities of the region were outlined trade, transport and communication, energy, tourism, social security and environment.

Gulya ROZYEVA

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