ADB to Support Turkmenistan in Green Transition to Sustainable Economy
15:01 04.09.2024 3758
The Asian Development Bank (ADB) has launched a new country partnership strategy for Turkmenistan to help the country develop a competitive and diversified economy, the bank’s country office said.
Under the new strategy, which covers the period 2024–28, ADB’s assistance will focus on three strategic priorities: supporting the green transition to a sustainable and climate-resilient economy; enhancing economic competitiveness through diversification, with a focus on the private sector and human capital; and promoting structural reforms and institutional development.
The new strategy will include support for the country’s green transformation, including investments in energy efficiency, renewable energy, low-carbon pilot projects, and policy reforms. The Bank will continue to help Turkmenistan develop long-term decarbonization plans and reduce methane emissions in line with the country’s climate change goals.
The Bank will help develop an export-oriented private sector and continue to support domestic financial institutions, including to improve access to capital for small and medium enterprises targeting export markets. ADB will also continue to support Turkmenistan’s accession to the World Trade Organization.
Oil prices fall and end the week in the red, Brent - $108.84 per barrel
Oil prices fall on Friday, ending the week with a decline amid fresh signals that the US economy is slowing down and demand for energy resources may decline, Interfax reports.
Raisi: Iran is ready to continue sending Turkmen gas in a swap to Azerbaijan
Iran is ready to continue sending Turkmen gas to Azerbaijan through its territory. Iranian President Ebrahim Raisi stated this on Wednesday at a meeting with President of Turkmenistan Serdar Berdimuhamedov, the Iranian news agency IRNA reported.
Turkmen-Vietnamese business forum aims to realize the potential of bilateral cooperation
On June 29, the capital of Vietnam hosted a Turkmen-Vietnamese business forum aimed at developing new solutions and approaches to realizing the potential of bilateral cooperation and building up trade and economic relations between Turkmenistan and Vietnam. This is reported by the website of the Foreign Ministry of Turkmenistan.
President of Turkmenistan holds meeting with Petronas management
President of Turkmenistan Serdar Berdimuhamedov visited the headquarters of Petronas, the country's largest oil and gas company, during his official visit to Malaysia on December 18-19. During the meeting, the head of Turkmenistan discussed with the company's management priority areas of bilateral cooperation, the current state and prospects of partnership between Turkmenistan and Petronas in the energy sector, TDH reports.
Turkmenistan and Malaysia intend to deepen cooperation in the energy sector
Following the official visit of the President of Turkmenistan Serdar Berdimuhamedov to Malaysia on December 18-19 and talks with Prime Minister Anwar Ibrahim, a Joint Statement and a package of documents were signed, TDH reports.