On June 23, 2025, President Serdar Berdimuhamedov received Vice President of the Asian Development Bank for South, Central and West Asia Yang Yingming, who arrived in Ashgabat on a visit.

Expressing gratitude for the meeting, Mr. Yang Yingming emphasized that ADB pays special attention to cooperation with Turkmenistan, which has demonstrated stable economic growth dynamics.

Having warmly welcomed the guest and expressed confidence that the planned meetings during the visit would contribute to the expansion of bilateral economic partnership, the Head of the state wished the guest success in the upcoming negotiations.

It was noted that in the context of the development strategy implemented by Turkmenistan, great importance is attached to the expansion of international cooperation, intensification of dialogue with authoritative financial organizations and banking and credit institutions. In this aspect, the constructive interaction between Turkmenistan and the ADB over 25 years was highlighted.

Over the past period, ADB has participated in financing many projects that have had a significant impact on ensuring sustainable socio-economic development of Turkmenistan. These projects cover various segments of the national economy, in particular, energy, transport and healthcare.

Today, the partnership with ADB continues within the framework of the Cooperation Strategy with Turkmenistan for 2024–2028. In this regard, assistance to projects implemented under the Central Asia Regional Economic Cooperation (CAREC) Program to develop the economic, trade, transport and energy sectors in Turkmenistan was emphasized.

The President expressed confidence that the Memorandum of Understanding signed in May 2025 between the State Committee for the Construction of the City of Arkadag under the President of Turkmenistan and the ADB will give a significant impetus to the long-term partnership.

It was noted that the country, which has colossal reserves of natural resources, intends to diversify the energy sector.

Transport issues were also discussed. Turkmenistan attaches great importance to continuing the constructive dialogue with the ADB on the modernization of the railway industry.

Noting the advisability of activating financial-credit and consulting services in the context of developing small and medium-sized businesses, the Head of the state emphasized the need for ADB to cooperate with domestic banks to realize the potential of the private sector.

At the end of the meeting, having confirmed Turkmenistan’s readiness to further expand mutually beneficial partnership with this international financial organization, President Serdar Berdimuhamedov wished the Vice President of the Asian Development Bank for South, Central and West Asia Yang Yingming success in his work.