Arzuw NEWS - Turkmenistan news

"Commerzbank is ready to expand cooperation with Turkmenistan

On October 22, representatives of the Ministry of Finance, the Central Bank and the State Bank for Foreign Economic Affairs of Turkmenistan held a meeting with the management of Commerzbank (Luxembourg), a branch of Germany's second largest bank by assets.

As foreign partners stressed during online negotiations, Turkmenistan's strategy of strengthening the financial sector and stabilizing the economy is supported by European financial institutions, including German ones.

It should be noted that the issues of development of international cooperation in the financial sector were raised at the working meeting with the Leader of the Turkmen nation on October 21. According to the Head of the Central Bank M. Annadurdyev, an effective system of guarantees has been developed to work with foreign investors and creditors.

The diplomats discussed with the German financiers the macroeconomic transformations taking place in the country and future joint projects. Taking into account the importance of Turkmenistan's development in the overall progress of the Central Asian region, the Commerzbank representatives expressed their willingness to expand cooperation with Turkmen partners.

Source: tdh.gov.tm, photo: Bloomberg

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