Asian Infrastructure Investment Bank Welcomes Turkmenistan as Prospective Member

Turkmenistan has been officially invited to become a full member of the Asian Infrastructure Investment Bank (AIIB).

Such an announcement was made in Avaza during the Third UN Conference on Landlocked Developing Countries (LLDC3), The Caspian Post reports per Turkmen media.

Membership will give Turkmenistan access to one of the world’s largest infrastructure financing sources, with the bank having invested over $60 billion across 35 countries since 2016.

In Central Asia, AIIB focuses on transport, energy, and logistics, with investments totaling approximately $2.8 billion in 2024.

Joining the AIIB will allow Turkmenistan to attract long-term investments, participate in financing decisions, and utilize joint project mechanisms with the World Bank and Asian Development Bank. This will support major infrastructure projects, including high-speed railways, highway modernization, and solar and wind energy development.

Economists estimate that AIIB programs could bring up to $1.5 billion annually to Turkmenistan, potentially boosting non-oil exports by 15-20 per cent by 2030 and reinforcing the country’s role as a regional transport and energy hub.