Turkmenistan, World Bank Shake Up Efforts To Strengthen Transport Projects

(MENAFN- Trend News Agency)
ASHGABAT, Turkmenistan, March 1. President of
Turkmenistan Serdar Berdimuhamedov met with the Vice President of
the World bank for Europe and Central Asia Antonella Bassani and
discussed the work on the formation of regional and international
multimodal transport corridors such as North-South and East-West
routes, Trend
reports.

The President reiterated Turkmenistan’s readiness to consider
specific proposals of the World Bank to participate in projects for
their development.

“In order to further develop cooperation with the World Bank, we
are in favor of using new, more effective forms of relationships
with our national banks and the private sector. We consider it
expedient to introduce advanced technologies into the economy, and
activate financial and consulting assistance for the development of
small and medium-sized businesses,” the President said.

The effective cooperation with the World Bank over the years has
been aimed at supporting Turkmenistan’s economic development with a
focus on the introduction of the digital economy, modernization of
the financial system, private sector development, and environmental
sustainability. Cooperation also includes efforts to improve
macroeconomic policies, strengthen financial markets, and expand
investment opportunities within the country.

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