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18.09.10 13:15
Islamic Corporation for Private Sector Development to provide assistance to Turkmenistan
Turkmenistan prepares to establish the first investment company jointly with the State Bank for Foreign Economic Affairs of Turkmenistan and the Islamic Corporation for Private Sector Development.

As Turkmenistan's Vice Premier Tuvakmamed Japarov reported at a government meeting on September 17, the main task of the investment company will be to revitalize activities related to direct investments in Turkmenistan through equity capital of small and medium-sized businesses enterprise.

According to him, the second important task will be to expand logistical support to these enterprises through leasing of manufacturing equipment and transport.

It is expected that a Memorandum of Understanding between the State Bank for Foreign Economic Affairs of Turkmenistan and the Islamic Corporation for Private Sector Development will be signed within the framework of the 2nd International investment forum to be held in Ashgabat on 17-19 October this year.

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