Describes how major projects are secured and financed. Explains activities of the multilateral development banks in and other aid-funded projects.
Selling to the Government
Turkmenistan’s economy is dominated by state-owned entities. Turkmenistan does not have a centralized procurement body, and individual government agencies and state-owned companies conduct their own tenders. Closed tenders are allowed. Comparable goods are often purchased at different prices by different organizations. Tender processes are not transparent, and falsification of bids and cancellation of tender results can and do occur. Companies with a strong market presence or a good relationship with the government have a higher chance of being selected. Most open tenders are announced only in local outlets and often require paying a fee to a local office to obtain the tender documents.
Financing of Projects
The European Bank for Reconstruction and Development provides project financing to a select number of Turkmen businesses.
Multilateral Development Banks and Financing Government Sales
The Commercial Service maintains Commercial Liaison Offices in each of the main Multilateral Development Banks, including the European Bank for Reconstruction and Development, the Asian Development Bank and the World Bank. These institutions lend billions of dollars in developing countries on projects aimed at accelerating economic growth and social development by reducing poverty and inequality, improving health and education, and advancing infrastructure development. The Commercial Liaison Offices help American businesses learn how to get involved in bank-funded projects, and advocate on behalf of American bidders. Learn more by contacting the Commercial Liaison Offices to the European Bank for Reconstruction and Development, the Asian Development Bank and the World Bank.
• Commercial Liaison Office to the European Bank for Reconstruction and Development
• Commercial Liaison Office to Asian Development Bank
• Commercial Liaison Office to the World Bank
• Central Bank of Turkmenistan