   |
 
|
|
|
 
|
|
NewsLargest international investors confident about their prospects in Turkmenistan23.12.2009 
CREDITWORTHINESS OF MANY BILLIONS Today Turkmenistan is integrating in the world economy on terms of an equal, strong partner that invariably abides to its commitments. Furthermore, having escaped all those difficulties that many economies across the world had to face, the adverse trends formed on the world financial markets in recent years, Turkmenistan demonstrates desirable stability and sustainability.
This reputation is enhanced among the international business circles. In particular, one of the leading experts of the Islamic Development Bank Sobir Komilov, who took part in the 34th annual meeting of the Board of IDB Governors in Ashgabat in June 2009, said in an interview: “Unlike other countries where the banking sector showed its weakness, the financial crisis has not had such an impact on Turkmenistan. The main reason is a well thought-out economic policy. The complex reforms are implemented in the country and the Government actively encourages the development of small and medium businesses, the social sector. Today there are all prerequisites for accelerating the social and economic development – these include abundant reserves of natural resources, financial resources, and reliable legal framework. The successful reforms in the monetary policy, in particular very successful denomination are of primary importance. All this speaks in favour of Turkmen economy.”
The reputation of Turkmenistan as a dependable partner is confirmed fully by the experts of the international financial organisations, the sticking examples of investors’ confidence in the reliability of the building of Turkmen economy and its growth prospects. Thus, the decision to invest almost US$ 1 billion in the projects in Turkmenistan was adopted at the roundtable of the specialists of the ministries and departments of Turkmenistan and the representatives of and the Coordination Group including the Islamic Development Bank, the Saudi Fund for Development, the Kuwait Fund for Arab Economic Development, the OPEC Fund for International Development and the Abu Dhabi Development Fund, which took place in Ashgabat on October 17-18, 2009. The relevant Protocol was signed.
The harbour of Turkmen economy protected from the economic storm looks in an increasingly favourable light. The large scale and scope of investment projects became the characteristic feature of the agreements reached during the roundtable in Ashgabat.
The investors approved 9 projects – more than those have ever been implemented over the history of fruitful cooperation between our country and the the Islamic Development Bank since 1994. This is not surprisingly for Turkmenistan as an island of stability and economic growth in the sea of the world economic crisis is attractive for investments as never before.
The projects aimed at developing the national health system, transport infrastructure, communal services and encouraging private business were approved during the roundtable.
The joint projects that will be implemented in Turkmenistan will promote cooperation for the common benefit. These investments are another contribution to building a competitive economy integrated in the world economy. Furthermore, if the ultimate goal in many regions of the world is to keep the economies afloat, Turkmenistan launches the large-scale investment projects that contribute to its economic wealth. In this regard Turkmenistan has something to offer to partners. The world community shows interest in our experience in prudent management of resources, financial operations, investments that are made only in secure and safe assets and projects. Therefore, foreign investments, which are directly proportional to the growth of international recognition of the brilliant future of Turkmenistan, increase in scale.
The forecasts and reports on the economic conditions presented by the specialists from other authoritative international financial institutions, in particular the International Monetary Fund.
|
|
| Negus Expo is a member of several organizations and associations: | |||||||||
|
|||||||||
|
|||||||||
