UNDP partners with Turkmenistan to boost securities market
A three-day seminar on strengthening the institutional and regulatory environment for financial market development took place in Turkmenistan from January 20 to 24, 2025. This seminar was organized as part of the joint project between the United Nations Development Programme (UNDP) and the Ministry of Finance and Economy of Turkmenistan, with the aim of enhancing the expertise of specialists from the Ministry and the Ashgabat Stock Exchange.
Key topics of the seminar included discussions on the nature of the securities market and its role in market economies, as well as international standards and best practices in global regulatory architecture for securities markets. Participants had the opportunity to delve into the practical aspects of establishing securities markets and developing regulatory frameworks, with real-life examples from other countries enriching the discussions.
In addition to the seminar, UNDP’s international and local experts held meetings with representatives from the Ministry of Finance and Economy of Turkmenistan and the Ashgabat Stock Exchange. These meetings aimed to further advance the development of Turkmenistan’s securities market by exploring best practices and aligning with international standards.
These activities marked the beginning of UNDP’s collaboration with national partners in developing Turkmenistan’s securities market. The focus of this collaboration is on enhancing the institutional and regulatory capacity of the Ministry of Finance and Economy, refining legislation, formulating a securities market development program, and laying the groundwork for establishing a depository.
Overall, the seminar and meetings held during this period signify a step forward in the development of Turkmenistan’s securities market, with a strong emphasis on aligning with international standards and best practices in the field.
– ORIENTNews
Photo: UNDP
