This report represents the OECD’s first country-specific analysis of Turkmenistan, building on several years of regional engagement and analytical work. The assessment was conducted within the framework of the European Union (EU) Prosperity Programme in Central Asia, which seeks to strengthen the business environment and advance intra- and inter-regional connectivity.
Turkmenistan’s unique position as a crossroads for major trade routes will be central to its development and that of the wider region. A dynamic investment climate is essential to transform Turkmenistan’s potential into a vibrant and inclusive economy.
Drawing on a survey conducted by the OECD among more than 30 private sector firms operating in Turkmenistan, as well as responses to a questionnaire submitted to the government and interviews with development partners, officials and business people, the report examines recent progress in improving the business climate and the investment landscape, identifies areas for further work, and proposes recommendations grounded in OECD good practices. Key topics include procedures for starting a business, strengthening human capital development, advancing digitalisation, simplifying trade procedures, and establishing an Investment Promotion Agency (IPA).