Projects in Turkmenistan

Project Summary Documents

Project Summary Documents (PSDs) are disclosed for each project prior to Board consideration. They contain project descriptions, financial details, client information, environmental issues, tender guidelines, and contact details. PSDs for private sector projects are disclosed at least 30 days prior to Board consideration and for state sector projects, at least 60 days.

Project Summary Documents 

Signed projects

Board approval is the final stage in the project approval process. After Board approval, the EBRD and the client sign the deal and it becomes legally binding. Signed project lists reflect year-end data.

Signed projects  (0.1Mb) 

Case studies

SME Credit Line

The EBRD extended a US$ 7.5 million credit line in early 2004 to support and help develop the small local private sector. Three banks are participating in the line. This is the only foreign credit line being provided in the country.

DIF: TMS Equity investment

The Direct Investment Facility (DIF) is the EBRD fund for small equity investments in the early transition countries. In 2004 the EBRD invested equity in a Swiss company TMS AG together with the State Secretariat for Economic Affairs of Switzerland (SECO). The investment established a USD$ 2.9 million greenfield wool cleaning plant near the capital. In 2005 the EBRD and SECO provided a loan of USD$ 0.9 million to support the company's working capital needs and cover the construction cost overruns. The TMS plant is now operating and exported its first consignment of washed wool in March 2005.