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Economy

The EBRD's president reopens the Ashgabat ledger

Odile Renaud-Basso met Serdar Berdymukhamedov in Ashgabat, and the two sides signed a package of memoranda: a central-bank framework running 2027 to 2032 and a program on the banking system, the Ashgabat-based nCa reported Thursday.

The EBRD's president reopens the Ashgabat ledger

The bank's Turkmen book is thin by history: more than 80 projects and about โ‚ฌ350 million since 1992, spread across energy, transport, logistics, agribusiness and finance. Stated priorities for the new framework run from business competitiveness and trade connectivity to green financing, the Trans-Caspian corridor and the Global Methane Pledge; a separate memorandum covers strengthening the banking system and diversifying the economy.

The presidential press service had posted nothing on the visit by Thursday midday, and the report stands on nCa; the EBRD's own newsroom carried no release either. A state-side text may yet follow. By midday the visit existed in one channel.

โ€œmore than 80 projects and about โ‚ฌ350 million since 1992โ€

What Ashgabat did publish is its autumn. The president of Kazakhstan will attend all three October summits in Avaza, the state news site said Wednesday: October 7 to 9, Caspian environment ministers with a water-security session folding Afghanistan in, the Central Asia and Azerbaijan consultative meeting, and the CIS heads of state. The dates match the Avaza schedule already standing in Ashgabat's own postings.

One ledger stays closed. Thursday marked day 17 of state-media silence on the Torghundi memoranda with Kabul, signed on August 10 by Turkmengaz and the Afghan Gas Corporation: a purchase memorandum under TAPI and the Herat gasification plan. Thursday's read of the state feeds found the silence intact, on the Afghan wires as well as the Turkmen ones.