Working with the commercial and economic officers of the Departments of Commerce and State, the multi-agency trade finance team offers services designed to maintain U.S. commercial interests in the region and better position U.S. firms over foreign competition. It should be noted that, so far, state enterprises have dominated the economic structure of Turkmenistan. T Therefore, most credits have been granted to state enterprises. EBRD has extended an ECU 32 million credit line for small and medium-size enterprises since 1996. It provides hard currency term financing through selected participating banks including Investbank, Senagat Bank, and Garashsyzlyk Bank.
Priority is given to industrial, agricultural, textile and various service development projects.
During 1998 and the first half of 1999, Central Asian-American Enterprise Fund disbursed USD 4.3 million to private Turkmen firms through local banks including Daykhanbank, Investbank, Senagat Bank, and Turkmenistan Bank.