The Islamic Development Bank (IsDB) and Turkmenistan have signed a landmark financing agreement, worth US$ 156.3 million, for building 3 state-of-the-art healthcare facilities specialized in cancer treatment in the country, reported The Islamic Development Bank official website.
The financing agreement was signed in Washington, between H.E. Mr. Rahimberdi Jepbarov, Chairman of the State Bank for Foreign Economic Affairs (IsDB Governor for Turkmenistan), and Islamic Development Bank President, H.E. Dr. Muhammad Al Jasser.
The total cost of the project is US$ 259 million which will see the construction of 3 modern hospitals in the key cities in Balkanabad, Turkmenabad, and Mary provinces offering cutting-edge oncology services to 11,750 patients.
The signing came on the sidelines of the ongoing 2024 Annual Meetings of the International Monetary Fund and World Bank in Washington, USA.
The two sides, in their bilateral discussions, further explored the ongoing deep-rooted cooperation and agreed to continue joint efforts in the framework of IsDB Member Country Partnership Strategy document (MCPS 2024-2027).
They also exchanged views on technical assistance program in green energy and infrastructure projects as well as spearheading further private sector engagement.
IsDB has substantially contributed to development financing Turkmenistan for different sectors mainly energy, healthcare, ICT, transport and trade.
The IsDB Group has mainly supported major projects in Turkmenistan which reinforce regional connectivity and boost the country’s export potential amongst them; the Bereket-Etrek Railway project; the TAPI Gas Pipeline; and the Telecommunications Network Enhancement Project.