Turkmenistan: Asian Development Bank Member Fact Sheet
Turkmenistan: Asian Development Bank Member Fact Sheet
Turkmenistan: Asian Development Bank Member Fact Sheet
Total
Amount
No. ($ million)c %c
1
0.50
0.40
3
0.57
0.45
3
125.50 99.16
7
126.57 100.00
b
c
Turkmenistan
The Asian Development Bank (ADB)
began working with Turkmenistan in
2000 and has since been helping to
diversify the countrys economic base
and increase its share of regional trade.
Given Turkmenistans vast energy
resources and strategic location, ADB
operations focus on enhancements
to the countrys transport and energy
sectors, with infrastructure projects
fostering regional cooperation. ADB has
also provided expert advice through a
technical assistance grant to facilitate
the long-term exporting of power to
Afghanistan.
The country operations business plan
(COBP), 20162017 for Turkmenistan
outlines increased lending of $1 billion
to support the development of the
countrys transportation and transit
potential, promote the exporting of
energy, and advance private sector
operations.
ADB has approved $125 million in
lending to Turkmenistan. Since 2010,
Turkmenistan has also benefited from
regional technical assistance projects
ADB-SUPPORTED PROJECTS
AND PROGRAMS
The partnership between ADB and
Turkmenistan is based around various
projects and programs under the
CAREC Program.
ADB supported the NorthSouth
Railway Project288 kilometers of
railway between Chilmammet and
Contract Awards/Commitmentsa, b
Disbursementsa
No. of Ongoing Grants (as of 31 Dec 2015)c
Contract Awards/Commitmentsa, b
Disbursementsa
Actual Problem Projects (%)
PROCUREMENT
Share of ADBs Procurement
Contracts
1
2014 ($ million) 2015 ($ million)
16.69
6.32
PARTNERSHIPS
= nil.
a
COFINANCING
Includes closed loans/grants that had contract awards or disbursements during the year.
Excludes policy-based lending/grants.
Includes only Asian Development Fund and other ADB special funds.
Item
Goods, Works, and
Related Services
Consulting Services
Total Procurement
2014
2015
Amount % of
Amount % of
($ million) Total ($ million) Total
0.02
0.02
0.00
0.00
Cumulative
(as of 31 Dec 2015)
Amount
% of
($ million)
Total
1.94
0.26
2.20
0.00
0.00
0.00
Contract Amount
($ million)
Others
0.01
Consultant
Total
0.01
Individual Consultants
0.10
Total
0.10
FUTURE DIRECTIONS
Consulting Services
OPERATIONAL CHALLENGES
To diversify the countrys economic
base and expand exports, the
Government of Turkmenistan has been
launching large-scale projects in the
energy, transport, communications,
and manufacturing sectors. These
measures require careful project
selection and accurate monitoring of
public investment projects. Priority
needs to be given to economically
productive projects, while continuing
to allocate adequate resources to
social infrastructure. This is especially
important given the prominent share
of public funds in the countrys overall
investment flows. Stronger institutional
arrangements to govern and inform
public budgeting need to be further
supported by improved public sector
Contacts
Turkmenistan Resident Mission
54, Saparmurat Turkmenbashi Avenue
Yimpash Business Center Building
Office 401-A
Ashgabat 744013, Turkmenistan
Tel +993 12 454984
Fax +993 12 454986
www.adb.org/turkmenistan
ADB Headquarters
6 ADB Avenue, Mandaluyong City
1550 Metro Manila, Philippines
Tel +63 2 632 4444
Fax +63 2 636 2444
Umesh Kumar is the Director and Sharafjon Sheraliev is the Alternate Director representing
Turkmenistan on the ADB Board of Directors.
Cevdet Denizer is the ADB Country Director for Turkmenistan. The Turkmenistan Resident Mission
was opened in 2010 and provides the primary operational link for activities between ADB and the
government, the private sector, civil society stakeholders, and development partners. The resident
mission engages in policy dialogue, country partnership strategy development and programming, and
portfolio management, while also acting as a knowledge base on development issues in Turkmenistan.
Annual Report
www.adb.org/documents/series/adb-annualreports
The Turkmenistan government agency handling ADB affairs is the Central Bank of Turkmenistan.
ADB is a multilateral development bank owned by 67 members, 48 from the region and 19 from
other parts of the world. ADBs main instruments for helping its developing member countries are
policy dialogue, loans, equity investments, guarantees, grants, and technical assistance (TA). In
2015, lending volume was $15.45 billion (107 projects), with TA at $141.30 million (199 projects) and
grant-financed projects at $365.15 million (17 projects). In addition, $10.74 billion was generated
in direct value-added cofinancing in the form of official loans and grants, other concessional
cofinancing, and commercial cofinancing such as B loans, risk transfer arrangements, guarantee
cofinancing, parallel loans, parallel equity, and cofinancing for transactions under ADBs Trade
Finance Program. From 1January 2011 to 31 December 2015, ADBs annual lending volume averaged
$12.93 billion. In addition, investment grants and TA funded by ADB and Special Funds resources
averaged $580.66million and $150.23 million in TA over the same period. As of 31 December
2015, the cumulative totals excluding cofinancing were $231.53 billion in loans for 2,822 projects in
44countries, $7.23 billion in 274 grants, and $3.90 billion in TA grants, including regional TA grants.
Depository Libraries
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In this publication, $ refers to US dollars. Figures are estimated by ADB unless otherwise cited. Data are as of 31 December 2015 unless otherwise indicated. Fact sheets are updated annually in April.