Asian Development Bank’s (ADB) commitments in Turkmenistan in 2022 amounted to $1.19 million, Trend studies.
According to the newest nation truth sheet revealed by the financial institution, of this quantity, some $0.04 million accounted for non-sovereign, whereas $1.15 for sovereign commitments.
Up thus far, ADB has dedicated 13 public sector loans, grants, and technical help to Turkmenistan within the quantity of $632.6 million.
At the identical time, cumulative mortgage disbursements to Turkmenistan whole $484.71 million.
These had been financed by common peculiar capital assets. ADB’s present sovereign portfolio in Turkmenistan contains 1 mortgage price $500 million.
As evident from the doc, ADB’s cumulative commitments to Turkmenistan at the moment whole $636.25 million. Of this sum, the largest quantity ($502.3 million) was disbursed on power sector.
The nation’s transport sector ranks second by way of ADB’s cumulative commitments ($126.88 million).
“ADB has been a long-standing associate of the Government of Turkmenistan, offering help essential to the nation’s growth wants.
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ADB helps the federal government enhance transport infrastructure connectivity, diversify the financial system, develop human capital and the non-public sector, and strengthen coverage making capability.
Currently, the financial institution is getting ready initiatives within the well being, finance, transport, and power sectors,” the financial institution added. (Source)
