The President of Turkmenistan received the Head of the Asian Development Bank

On November 11, 2025, President Serdar Berdimuhamedov received Masato Kanda, President of the Asian Development Bank, who was visiting the country.

Expressing gratitude for the time devoted to the meeting, the guest noted the important role of neutral Turkmenistan in strengthening peace and stability in the Central Asian region.

Warmly welcoming the head of a major financial institution and expressing confidence that this visit would facilitate an exchange of views on the further development of bilateral economic cooperation, the Head of state wished the scheduled talks success.

Emphasizing that Turkmenistan's economic strategy places great importance on expanding international partnerships, President Berdimuhamedov noted the effectiveness of our country's long-standing cooperation with the ADB.

As noted, over the past 25 years, the Asian Development Bank has participated in the financing of a number of projects in Turkmenistan. Today, the bilateral partnership is implemented within the framework of Turkmenistan's cooperation strategy.

The need to intensify cooperation in the area of financial, credit, and consulting services for small and medium-sized businesses was emphasized.

As is known, on May 17 of this year, a Memorandum of Mutual Understanding signed between the State Committee for the Construction of Arkadag City and the Asian Development Bank. This opens up opportunities for expanding partnerships in the areas of energy, water and energy conservation, and the use of renewable energy sources in the new city, built based on the "smart city" concept.

Further strengthening of cooperation in the fuel and energy sector was also identified as an important area of cooperation.

Concluding the meeting, President Serdar Berdimuhamedov and President of the Asian Development Bank Masato Kanda exchanged best wishes, expressing confidence in the continuation of their mutually beneficial bilateral partnership.

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Bilateral meetings were held during the visit of Asian Development Bank President Masato Kanda. Following these meetings, an Agreement was signed between Turkmenistan and the Asian Development Bank to finance the construction of a secondary medical school in Ashgabat, as well as a document between the Ministry of Health and Medical Industry of Turkmenistan and the Asian Development Bank on cooperation in the field of technical support.