Turkmenistan's cooperation with the European Bank for Reconstruction and Development reaches a new level

On 28 July 2026, a meeting was held at the Ministry of Foreign Affairs of Turkmenistan between Minister of Foreign Affairs Rashid Meredov and President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso.

During the meeting, the sides noted that Turkmenistan's cooperation with the EBRD continues on an upward trajectory.

It was emphasized that the EBRD supports Turkmenistan's course of economic diversification, actively promoting the development of green energy, regional connectivity, and the introduction of environmentally friendly technologies. Among the EBRD's priorities is support for small and medium-sized enterprises in Turkmenistan.

The sides reviewed promising projects for developing transport and logistics infrastructure and promoting regional transport corridors, in particular the Trans-Caspian corridor.

The head of Turkmenistan's foreign policy agency stressed that Turkmenistan attaches special importance to the consistent implementation of economic reforms and to attracting advanced international expertise and investment. In this context, gratitude was expressed to the EBRD for its assistance in implementing priority national and regional programs.

For her part, Odile Renaud-Basso highly praised Turkmenistan's dynamic socio-economic development and reaffirmed the EBRD's readiness to further deepen a productive dialogue, as well as to participate in new institutional and infrastructure projects.

At the conclusion of the meeting, the sides confirmed their mutual commitment to continuing active engagement and to defining concrete steps for implementing the plans outlined.

Following the meeting, a signing ceremony was held for the following documents:

Memorandum of Understanding between the Central Bank of Turkmenistan and the European Bank for Reconstruction and Development regarding the EBRD's key strategic priorities in Turkmenistan for the period 2027-2032;

Memorandum of Understanding between the Central Bank of Turkmenistan and the European Bank for Reconstruction and Development on strategic partnership to strengthen the banking sector and support export-oriented growth and economic diversification in Turkmenistan;

Memorandum of Understanding between the Ministry of Environmental Protection of Turkmenistan, the Ministry of Energy of Turkmenistan, State Concern "Turkmengaz," State Concern "Turkmennebit," State Concern "Turkmenkhimiya," and the European Bank for Reconstruction and Development on cooperation in the fields of sustainable energy, environmental protection, and efficient use of water resources in Turkmenistan;

Memorandum of Understanding between the Ministry of Railway Transport of Turkmenistan, the Ministry of Automobile Roads of Turkmenistan, and the European Bank for Reconstruction and Development on cooperation in modernizing transport corridors and developing Turkmenistan's transit potential;

Memorandum of Understanding between the Hakimlik of the City of Ashgabat and the European Bank for Reconstruction and Development on cooperation under the EBRD's "Green Cities" program.