UNDP and the U.S. Embassy in Turkmenistan convene the First Coordination Meeting of the Development Partners Sustainable Economy and Finance Group

Ashgabat, 28 May 2024: Today, the United Nations Development Programme (UNDP) and the U.S. Embassy in Turkmenistan jointly held the inaugural hybrid meeting of the Sustainable Economy and Finance (SEF) Working Group. Established under the Development Partners Coordination Group (DPCG), the SEF Working Group aims to enhance the effectiveness of international organizations and diplomatic missions in finance and economy by facilitating closer collaboration with the Government of Turkmenistan towards achieving shared objectives for Turkmenistan's economic growth.

The meeting participants, representing the diplomatic community in Ashgabat, were briefed on the objectives, scope, and planned activities of the Sustainable Economy and Finance Working Group. Additionally, the meeting included presentations from development partners and a discussion on fostering cooperation to advance Turkmenistan's sustainable economic and financial development through collaboration and open dialogue.

The meeting commenced with opening remarks delivered by His Excellency Mr. Matthew Klimow, United States Ambassador to Turkmenistan who stated: “Through this group, we look forward to amplifying the good work already being done by the members, such as helping the people and the Government of Turkmenistan connect with the world through trade, fully participate in the digital and green economy, and ensure economic opportunities are available for all.  We also hope to see new initiatives and collaborations emerge that accelerate progress, particularly as Turkmenistan moves forward with World Trade Organization (WTO) accession and takes other measures to improve the business climate and attract investment.”

“I am glad the UN and Development Partners have come together to discuss economic development and development financing issues. In the context of Turkmenistan, we need to apply coordinated and flexible approaches to supporting the country to develop a vibrant diversified economy that is rule-based and benefits its people, creates jobs and is attractive to development finance and partnerships,” noted Mr. Dmitry Shlapachenko, UN Resident Coordinator in Turkmenistan. “This is particularly important in the context of Turkmenistan’s intention to join the WTO. I hope we will be able to maintain regular exchanges to complement each other’s efforts in this direction”.

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The SEF working group plans to meet regularly to establish an effective platform for improved coordination, knowledge sharing, raising awareness, and enhancing collaboration in economic and financial areas.