UNDP and Turkmenistan Work Together to Strengthen Securities Market
A three-day seminar was recently held in Turkmenistan as part of a joint project between the United Nations Development Programme (UNDP) and the Ministry of Finance and Economy. The seminar aimed to strengthen the institutional and regulatory environment for financial markets development in the country.
During the seminar, UNDP international expert Elena Andreeva shared key aspects of securities market development with participants from the Ministry of Finance and Economy of Turkmenistan and the Ashgabat Stock Exchange. She emphasized the importance of the stock exchange, depositories, brokerage and dealer organizations, and other market participants in enhancing the investment attractiveness of the securities market. Additionally, best global practices on transforming state-owned enterprises into joint-stock companies were discussed.
The seminar provided a platform for discussions on improving the institutional structure, national legislation, and other important aspects of securities market development in Turkmenistan. Consultations were also held with representatives from the Ministry of Finance and Economy and the Ashgabat Stock Exchange to share analytical work results and recommendations for further system improvements, including infrastructure and national legislation enhancements.
These events mark a continuation of the long-term cooperation between UNDP and national partners, focusing on strengthening the country’s institutional and regulatory capacity. The project specifically targets the improvement of legislation, the development of a securities market development strategy, and preparations for establishing a depository system in Turkmenistan.
Overall, the seminar and consultations demonstrate a commitment to advancing financial markets development in Turkmenistan through collaborative efforts between international organizations and local authorities.
[Photo: UNDP]
