Turkmenistan - Country Engagement Note - Period FY26-FY27 - March 4, 2025

Jul 19, 2026

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Turkmenistan Country Engagement Note for the period FY26-FY27 sets out the World Bank Group’s planned engagement framework for official use. It compiles the currency and fiscal-year context, defines key acronyms, and establishes governance and regional cooperation considerations. The note provides structure for analyzing economic conditions, poverty and shared prosperity, political governance, and medium-term strategy, along with program description, implementation arrangements, consultations, partnerships, and risk management, supported by annexes with macroeconomic indicators and results-evaluation measures.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages28

Reading Time1 h 11 min

Executive Summary

Country Context

Economic context and recent developments

Poverty, shared prosperity and the livable planet

Political context and governance

Regional cooperation

Government Program and Medium-Term Strategy

FY26-27 Country Engagement

Program description

Implementation arrangements

Consultations and Partnerships

Managing Risks

Annexes

Public Disclosure Authorized Public Disclosure Authorized Document of The World Bank Group FOR OFFICIAL USE ONLY INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL FINANCE CORPORATION MULTILATERAL INVESTMENT GUARANTEE AGENCY COUNTRY ENGAGEMENT NOTE FOR TURKMENISTAN FOR THE PERIOD FY26-FY27 March 4, 2025 Central Asia Country Management Unit Europe and Central Asia Region International Finance Corporation Middle East, Central Asia, Türkiye, Pakistan and Afghanistan Multilateral Investment Guarantee Agency This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank Group authorization. The last Country Engagement Note was discussed by the Board on November 3, 2015. CURRENCY EQUIVALENTS Currency Unit: Turkmen Manat (TMT) US$1: TMT 3.5 TMT1: US$ 0.28 (As of March 1, 2024) FISCAL YEAR January 1—December 31 Weights and Measures Metric System ABBREVIATIONS AND ACRONYMS ADB Asian Development Bank CAREC Central Asia Regional Economic Cooperation CAWEP Central Asia Water and Energy Project CAMP4ABS Climate Adaptation and Mitigation Program for Aral Sea Basin CBT Central Bank of Turkmenistan CCA Caucasus and Central Asia CEN Country Engagement Note CIS Commonwealth of Independent States COVID-19 Coronavirus Disease 2019 ECA Europe and Central Asia EBRD European Bank for Reconstruction & Development EU European Union FDI Foreign Direct Investment GEF Global Environment Fund GDP Gross Domestic Product GoT Government of Turkmenistan GFMR Global Flaring and Methane Reduction GTFP Global Trade Finance Program HDI Human Development Index IBRD International Bank for Reconstruction & Development IDF Institutional Development Fund IEA International Energy Agency IFC International Finance Corporation IFRS International Financial Reporting Standards IMF International Monetary Fund IRENA International Renewable Energy Agency IS Interim Strategy IsDB Islamic Development Bank ISN MDG MIGA MoFE MEP MPA MRV n.a. NDC NGO NPSD OSCE PFM RAS RAMP RETF REMIT RDP SDG SECO SF SNA SOE SSC TA TF Interim Strategy Note Millennium Development Goals Multilateral Investment Guarantee Agency Ministry of Finance and Economy Ministry of Environmental Protection Multiphase Programmatic Approach Monitoring, reporting, and verification Not Applicable Nationally Determined Contribution Non-governmental Organization National Program for Socio-economic Development Organization for Security and Cooperation in Europe Public Financial Management Reimbursable Advisory Services Reserves Advisory Management Program Recipient Executed Trust Fund Regional Electricity Interconnectivity and Trade Initiative Rural Development Plan Sustainable Development Goals State Secretariat for Economic Affairs Stabilization Fund System of National Accounts State-owned Enterprise State Statistics Committee Technical Assistance Trust Fund UMIC Upper Middle-Income Country UNDP United Nations Development Program US United States WBG World Bank Group WDI World Development Indicators WHO World Health Organization WTO World Trade Organization | | IBRD | IFC | MIGA | | --- | --- | --- | --- | | Vice President: | Antonella Bassani | Hela Cheikh Rouhou Ep Abid | Ethiopis Tafara | | Director: | Tatiana Proskuryakova | Wiebke Schloemer | Sebnem Erol Madan | | Country Manager: | Andrei Mikhnev | Neil McKain | | | Task Team Leader: | Yanina Ermakova | Kiryl Haiduk | Gabisile Ndlovu | FY26-27 COUNTRY ENGAGEMENT NOTE FOR TURKMENISTAN TABLE OF CONTENTS I. EXECUTIVE SUMMARY .................................................................................................................. 1 II. COUNTRY CONTEXT ....................................................................................

FAQs

What is the purpose and scope of the Turkmenistan Country Engagement Note for FY26-FY27?

It defines the World Bank Group engagement framework for Turkmenistan for the period FY26-FY27, including country context, strategy alignment, program description, implementation arrangements, partnerships, and risk management.

Which topics are covered in the country context section?

The note covers economic context and recent developments, poverty and shared prosperity, governance and political context, and regional cooperation.

What elements are included in the FY26-27 country engagement section?

It includes program description, implementation arrangements, consultations and partnerships, and managing risks, supported by annexes such as macroeconomic indicators and results-evaluation measures.

Jul 19, 2026

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