World Bank to assist Turkmenistan in developing its digital economy
A meeting with representatives of the World Bank was held at the Union of Industrialists and Entrepreneurs of Turkmenistan (UIET).
The discussion included promising areas of cooperation in projects in the field of the digital economy, as well as the use of WB expert experience in improving the banking system and achieving international financial standards, the report said.
It was earlier reported that Lilia Burunciuc, WB Regional Director for Central Asia, held talks in Ashgabat. The WB proposed to expand cooperation in the areas of the digital economy, logistics, energy, water resources, and hydrometeorology. The bank declared its readiness to consider proposals for the implementation of projects in the fields of transport, healthcare, and education.
Expert advice from the WB on improving the banking system of Turkmenistan and achieving international financial standards in the country was also proposed.
According to a report by British Petroleum (BP), Turkmenistan ranks fourth in the world in terms of natural gas reserves and currently exports it to China and Iran.
The country set a course for diversifying the local economy. The oil, gas, chemical, and building material industries are actively developing.
