OREANDA-NEWS. February 4, 2009. The perspectives of cooperation in the banking sector were the focus of the talks with the delegation of the Islamic Corporation for the Development of the Private Sector (ICD) led by CEO and General Manager Mr. Khalid Mohammad Al Aboudi who had arrived in the Turkmen capital the day before.

During the meetings at the Central Bank and the Bank of Foreign Economic Relations of Turkmenistan the guests emphasized that long-term cooperation with Turkmenistan – a full member of this organisation since 2001 was viewed as an important trend in the Corporation’s activity. Highly appreciating the scale of the changes initiated by the President of Turkmenistan in the framework of the economic reforms including its essential sector – the financial system the ICD experts expressed interest in further intensifying partnership in compliance with the priorities of the policy of the Turkmen state. The partners noted that cooperation was deemed to be very promising through implementing Turkmenistan’s huge economic potential and the plans on private sector development. The share of private sector in the GDP was expected to rise to 70 percent within the next few years.

The delegation of one of the largest international financial institutions visited Turkmenistan in the framework of the preparations for the annual meeting – the 34th Annual Meeting for the Board of Governors of the Islamic Development Bank which would be held in Ashgabat on June 2-3, 2009 to discuss the issues of further development And expansion of cooperation with Turkmenistan.