Turkmenistan, European Investment Bank Aim to Advance Investment Project Development

Turkmenistan and the European Investment Bank (EIB) have expressed readiness to intensify cooperation on the preparation of concrete investment projects and the development of related cooperation memorandums. The matter was discussed during a meeting between Sapar Palvanov, Turkmenistan’s Ambassador to the European Union, and an EIB delegation led by David Monguzzi, Senior Loan Officer for the Asia region, according to the Embassy of Turkmenistan in Belgium.

During the talks, the sides explored prospects for expanding their partnership, placing particular emphasis on enhancing the legal framework of cooperation. Discussions included the potential signing of framework agreements to establish a solid foundation for long-term collaboration.

Ambassador Palvanov highlighted Turkmenistan’s strategic interest in strengthening ties with major European financial institutions, emphasizing the importance of cooperation in promoting sustainable economic growth, infrastructure development, green energy, and digital solutions.

EIB representatives reaffirmed their commitment to deepening dialogue and voiced interest in moving toward a more practical phase of cooperation.

The European Investment Bank, headquartered in Luxembourg and established in 1958, is the financial institution of the European Union. It provides long-term financing for projects that support sustainable development, integration, and infrastructure modernization both within and beyond the EU.

Source of information: Business Turkmenistan