Turkmenistan, Ashgabat, Oct. 15 / Trend, H. Hasanov /
Turkmen President Gurbanguly Berdimuhamedov signed a decree approving the statute of the Turkmen State Development Bank, the national TV channel Altyn Asyr said on Saturday.
The bank was founded in September this year.
According to the information, the Turkmen leader at the last governmental meeting stressed that this bank is the financial representative for investment projects carried out at the expense of the stabilization fund.
According to the statute, the new body has such important functions as preferential lending to enterprises and private entrepreneurs, regardless of their form of ownership, implementing the production development and modernization projects and creating new jobs.
The issue about the Turkmen Interbank Council was also raised at the meeting.
This body was created to successfully implement the reforms undertaken in the country and to develop the Turkmen banking and monetary systems.