USAID Supports Capital Market Development in Turkmenistan

USAID Supports Capital Market Development in Turkmenistan

June 15, 2022, Ashgabat, Turkmenistan Today, the U.S. Agency for International Development (USAID), in partnership with the Ashgabat Stock Exchange (ASE), awarded certificates to professionals for successfully completing training courses on brokerage services and securities issuance.

Training sessions took place in April-June. Two sessions were held for brokers and two for issuing companies. As a result of this initiative, ASE has increased the number of private securities brokers by 25 and provided information to 45 owners and managers of Turkmen companies on how to raise capital by issuing corporate bonds and stocks.

Presenting the certificates and addressing the course participants, USAID Country Representative to Turkmenistan Nino Nadiradze stated, “You are all pioneers and pathmakers. With your determination to try out new types of activities and methods for attracting financing, you will move the economy forward.”

The event also featured presentations by USAID and ASE specialists on developing capital market infrastructure in Turkmenistan and its importance in raising long-term funds for economic development.ASE was established in 2016 and acts as a leading institution in shaping capital markets in the country.

USAID and ASE are working on a roadmap that is expected to create a resilient and well-functioning capital market.USAID is the world’s premier international development agency and a catalytic actor driving development results.

For more information on USAID Central Asia, please visit: https://www.usaid.gov/central-asia-regional.

By US Embassy Ashgabat | June 15, 2022 | Topics: Business, Economic Affairs, News, Sections & Offices, South & Central Asia, Trade, U.S. & Turkmenistan

More related articles

USAID Facilitates Turkmen Horticulture Products’ Export by Promoting GLOBALG.A.P. Certification
USAID and IOM Host Youth Forum on World Day against Trafficking in Persons, Giving Youth a Platform to Make their Voices Heard
Turkmenistan’s UIET Intends to Intensify Cooperation With USAID
Russian-Speaking LGBT Community Shows Pride
Representatives of the region and international experts discuss the aspects of control of migrating birds
In Memory of Irina Musorina: Music Teacher - Her Mission in Life