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Country data

Population:
5.1 million
Area:
488,000 sq km
Capital:
Ashgabat
Currency:
Manat

Key developments and challenges

  • Strong growth continued. Output grew by 11.1 per cent in 2012, supported by increased production of hydrocarbons, diversification of gas export routes and related infrastructure spending.
  • A new privatisation programme was approved. The programme covers the period 2013-16, and in the first instance targets medium-sized enterprises across various sectors.
  • Turkmenistan expressed interest in joining the World Trade Organization (WTO). A working group was created to look into accession issues.

Turkmenistan in the 2013 Transition Report

Our work in Turkmenistan

In Turkmenistan we support private entrepreneurship with a specific focus on micro, small and medium-sized businesses.

Turkmenistan

Key facts about the EBRD's work in Turkmenistan

No. of projects

43

Net EBRD investment

€177 million

Cumulative disbursements

€166 million

Portfolio in private sector

98%

 

Last updated 31 March 2014

View factsheet


Our strategy for Turkmenistan

Over the years the Bank has been concerned with Turkmenistan’s failure to make progress towards multi-party democracy, pluralism and a market-based economy in keeping with Article 1 of the Agreement Establishing the Bank. Recent progress in the political and economic spheres, triggered by the change in leadership in December 2006, provides an opportunity for deeper engagement, though several challenges remain.

Since the new administration took office there have been political and economic changes taking place in the country, aimed at reversing social and economic policies of the previous regime. A new Constitution recognises the principle of separation of powers and the legislature has been strengthened. Wider access to the internet is permitted. 

Read strategy

CONTACTS

Yimpas Business Center
2nd Floor, Suite 201
54, Turkmenbashi Ave.
744000 Ashgabat
Turkmenistan
Tel: (+993 12) 45 51 18/45 51 19/45 39 16
Fax: (+993 12) 45 39 22