By Aman Bakiyev
ASHGABAT, Turkmenistan, July 5. Turkmenistan is
moving forward with the development of its securities market under
a joint initiative with the United Nations Development Programme
(UNDP), Trend
reports via the UNDP.
Ashgabat hosted a seminar within the framework of the project
implemented by UNDP and the Ministry of Finance and Economy of
Turkmenistan from July 2 through July 4. The program is aimed at
strengthening the institutional and regulatory environment of the
country’s financial markets.
The seminar gathered specialists from the Ministry and the
Ashgabat Stock Exchange. UNDP international expert Elena Andreeva
presented the fundamentals of securities market operations,
including financial instruments, market structure, depository
systems, and the registration of property rights. Special attention
was given to the role of registrars and depositories in ensuring
transparency and investor protection.
Participants also discussed the draft national program for the
development of the securities market until 2030, including a
roadmap for implementation. In addition to group sessions,
individual consultations were held to review recent progress in
legislation and institutional reforms.
The initiative forms part of a broader strategy between
Turkmenistan and the UNDP aimed at modernizing the country’s
financial infrastructure. Core priorities include the development
of a sound legislative base, an effective institutional setup, and
a robust depository system, key components for a functioning and
secure securities market.