EBRD Board OKs Turkmenistan Strategy

The European Bank for Reconstruction and Development’s board of directors gave a unanimous approval to the new strategy for Turkmenistan. Under the plan, the bank will focus on promoting private sector growth in the country by helping micro, small and medium-sized businesses gain access to financial services. Since its operations in Turkmenistan began in 1994, EBRD, according to a bank news release, has poured some 110 million euros (USD148 million) into the country’s business, energy, infrastructure and financial sectors, which prompted another 390 million euros in investment.

About the author

  • Eliza Villarino

    Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.