Turkmenistan is adopting Russia’s experience in the legal and regulatory framework for the securities market

Developing the securities market, a critical factor in creating a thriving investment climate, stands as a key objective within Turkmenistan’s National Program for Socio-Economic Development for 2022–2052.

At the request of the Ministry of Finance and Economy of Turkmenistan, a Russian expert developed and presented proposals for amending a series of regulatory legal acts governing the securities market. Additionally, the expert prepared a draft State Program for the Development of the Securities Market for 2025–2030 and an action plan for its implementation.

The results of the expert’s work were presented at a three-day training seminar in Ashgabat, attended by representatives of the Ministry of Finance and Economy of Turkmenistan and the Ashgabat Stock Exchange. The Russian expert also familiarized her colleagues with various financial instruments and types of securities, the structure of the market accounting system, and the activities of depositaries regarding the safekeeping of securities and the accounting of investor rights.

The implementation of the solutions proposed by the expert will enable the Ministry to consistently develop the country’s comprehensive securities market infrastructure and improve national legislation in this area.

The work of the Russian expert was implemented with the financial support of the Russian Federation within the framework of the project "Knowledge Management and Capacity Development in the UNDP-Russia Partnership".