ASHGABAT, Turkmenistan, June 29. The Government
of Turkmenistan and the OPEC Fund for International Development
have signed “Country Partnership Framework Program” for
international development for the period 2024–2029, Trend
reports.
According to an official source, the document was signed by
Chairman of the Board of the State Bank for Foreign Economic
Affairs of Turkmenistan Rahimberdi Jepbarov and President of the
OPEC Fund for International Development Abdulhamid Alkhalifa within
the framework of the third annual OPEC Fund Development Forum.
Within the framework of the forum, which gathered more than 400
delegates, the parties discussed issues of further development and
strengthening long-term cooperation between Turkmenistan and the
OPEC Fund for International Development.
The program is aimed at expanding bilateral cooperation with
multilateral financial development institutions and includes the
following areas:
– evaluation and financing of priority projects in the
fields of transport, industry, telecommunications, healthcare,
banking, and financial services, as well as other sectors;
– provision of financing and technical support (grants) for
the development of the infrastructure of the city of Arkadag, the
country’s first ‘smart city’, including technology parks, research
centers, medical centers, and other types of urban
infrastructure;
– provision of technical assistance for capacity building,
knowledge transfer, and technology transfer.
This agreement is intended to further strengthen economic
cooperation between Turkmenistan and the OPEC Fund for
International Development.
Meanwhile, the OPEC Fund for International Development,
established in 1976, is a multilateral development finance
institution comprising 12 member countries, including Algeria,
Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria,
Saudi Arabia, the UAE, and Venezuela.
