OREANDA-NEWS. March 03, 2011. The meeting with a delegation of the European Bank for Reconstruction and Development led by Olivier Descamps, Managing Director for Turkey, Eastern Europe, the Caucasus and Central Asia, who were on a visit to the Turkmen capital, were conducted at the Government and the Ministry of Foreign Affairs of Turkmenistan and other departments in Ashgabat.

A lively exchange of views on the approaches to intensifying and expanding mutually advantageous cooperation as consistent with the ongoing large-scale reforms and complex development programmes launched in Turkmenistan on the initiative of President Gurbanguly Berdimuhamedov took place during the meeting. Focusing on the keen interest of the largest European bank in strengthening further business partnership, the members of the delegation emphasized that a key factor was Turkmenistan’s profound economic and resource potential and the favourable investment climate created in the country.

The banking and financial, transport and communications sectors were mentioned as the priority fields of cooperation. Emphasizing that the European Bank for Reconstruction and Development welcomed the progressive policy of the Turkmen state to support the private sector, including small and medium businesses, the guests expressed their willingness to intensify cooperation in this sphere.

During the visit to Turkmenistan, the EBRD delegation was received at the Institute of Strategic Planning and Economic Development, the State Committee for Statistics, the Turkmen National Institute for Democracy and Human Rights under President of Turkmenistan and the Union of Manufacturers and Entrepreneurs.