OPEC Fund agrees financing to boost SMEs in Turkmenistan

The OPEC Fund for International Development has signed a $10 million term loan with the State Bank for Foreign Economic Affairs of Turkmenistan to support the country's SMEs. The proposed transaction is the OPEC Fund’s first private sector deal in Turkmenistan.  

The proposed facility will support SME and economic growth, in line with Sustainable Development Goal 8 on inclusive and sustainable economic growth, full and productive employment and decent work for all.