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 advertised only in local outlets and often require paying a fee to a local office to obtain the tender documents.
Financing of Projects
Turkmenistan is a borrower from Multilateral Development Banks.
Multilateral Development Banks and Financing Government Sales. Price, payment terms, and financing can be a significant factor in winning a government contract. Many governments finance public works projects through borrowing from the Multilateral Development Banks (MDB). The Guide to Doing Business with Multilateral Development Banks overviews how to work with MDBs. The International Trade Administration (ITA) has a Foreign Commercial Service Officer stationed at each of the five different Multilateral Development Banks (MDBs): the African Development Bank; the Asian Development Bank; the European Bank for Reconstruction and Development; the Inter-American Development Bank; and the World Bank.
Learn more by contacting the:
Commercial Liaison Office to the Asian Development Bank
Commercial Liaison Office to the European Bank for Reconstruction and Development
Commercial Liaison Office to the World Bank.