Turkmenistan became a member of IFC in 1997. IFC complements the work of other World Bank Group institutions under a reimbursable advisory services agreement with government of Turkmenistan announced October 7, 2016. Through the partnership, the World Bank Group supports macroeconomic statistics, financial sector development, and private sector development.
In the framework of the agreement, IFC concentrates on supporting private sector companies, helping them to expand, create jobs, and propel economic development. Going forward, IFC will seek opportunities for providing financing to micro and small businesses, via local banks. It also plans to invest in and provide advisory services to medium- and large-sized private enterprises. IFC will also support foreign direct investments through lending and other financial instruments.
Turkmenistan joined the World Bank Group in September 1992. In 1996, the bank established an office in Ashgabat to enhance communications with the government and to provide operational support.
Interested viable medium and large local and foreign investors can contact the IFC local office in Turkmenistan to discuss a potential cooperation.
Details of projects currently in progress can be found in IFC Disclosure. For completed projects see press releases below or visit the IFC Press Room.