Turkmenistan Partners with UNDP to Strengthen Financial Market Infrastructure

As part of a joint initiative between the United Nations Development Programme (UNDP) and the Ministry of Finance and Economy of Turkmenistan to enhance the institutional and regulatory framework for financial market growth, a three-day seminar was held in Ashgabat from July 2 to 4, 2025.

The event brought together experts from the Ministry of Finance and Economy and the Ashgabat Stock Exchange, fostering dialogue and capacity-building aimed at advancing Turkmenistan’s financial infrastructure, The Caspian Post reports, citing Turkmen media.

During the seminar, UNDP international expert Elena Andreeva introduced participants to key aspects of the securities market, such as types of financial instruments and securities, the structure of the market’s accounting system, the activities of depositories in safekeeping securities and recording investors' rights to these securities, and the activities of registrars in registering ownership rights to securities in the register of securities holders.

The event served as an effective platform for open discussions, during which participants discussed the draft program for the development of Turkmenistan's securities market until 2030 and a plan of practical steps for its implementation.

In addition to the training sessions, the UNDP expert held separate consultations with representatives of the Ministry of Finance and Economy and the Ashgabat Stock Exchange, sharing the outcomes of work to improve national securities market legislation and outlining a set of measures to support the further development of Turkmenistan’s financial system.

This initiative reflects the strategic and long-term nature of the cooperation between UNDP and national partners, aimed at strengthening Turkmenistan’s institutional and regulatory framework. Within the project, particular attention is paid to legislative development, the preparation of a securities market development strategy, the formation of an efficient institutional structure, and the establishment of a central depository system.