Turkmenistan And World Bank Discuss Financing For International Transport Corridors

(MENAFN- Trend News Agency)
AWAZA, Turkmenistan, August 4. On the sidelines
of the Third UN Conference on Landlocked Developing Countries in
Awaza, Turkmenistan, the World Bank rolled up its sleeves and got
down to brass tacks in high-level talks aimed at boosting
investment cooperation in the transport sector, Trend reports.

Galina Romanova, Head of the Department of Public Finance and
Economic Policy at Turkmenistan’s Ministry of Finance and Economy,
met with Alexander Prodan, Chief Economist for Transport at the
World Bank. The discussions centered on financing mechanisms for
the creation and development of international transport corridors
critical to improving regional connectivity.

Both parties underscored the criticality of synergistic policy
frameworks for infrastructure capital allocation and the long-term
viability of transportation initiatives. Focused emphasis was
directed towards initiatives that amplify Turkmenistan’s strategic
positioning as a pivotal nexus for international cargo and traveler
transit.

The convening underscored the synergistic engagement in fortifying
economic alliances and enhancing accessibility to international
markets for landlocked nations via robust and contemporary
logistics infrastructures.

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