ADB Discusses With Turkmenistan To Launch A Three-Year Lending Cycle

BAKU, Azerbaijan, May 15Trend: The Asian Development Bank (ADB) is holding consultations with Turkmenistan on the deployment of a three-year cycle of lending and non-lending products on an annual basis, ADB Director for Turkmenistan Chang Ching Yu told Trend.

The report also noted the sectors of Turkmenistan in which the ADB is interested.

“The sectors in which ADB seeks to provide support, subject to the approval of the government of Turkmenistan, include energy, transport, finance, health care and public administration,” the ADB said.

As the ADB told Trend earlier, the bank is discussing with Turkmenistan expanding the coverage of its sector of activity to include financing for small and medium-sized enterprises (SMEs) through local banks, training for nurses and paramedics, as well as the development of railways.

“ADB continues to be actively involved in discussions with all developing member countries on their priority projects, including railways, and remains open to support those projects that are economically viable and financially sustainable,” the bank said.

(Author: Ceyla Aliyeva. Editor: Nadir Nasirov)

Twitter: @JeilaAliyeva






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