Identifier
Created
Classification
Origin
08ASHGABAT890
2008-07-15 11:55:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Ashgabat
Cable title:
TURKMENISTAN: EBRD LIKELY TO EMPHASIZE INVESTMENT
how-toVZCZCXRO7265 PP RUEHAG RUEHAST RUEHBI RUEHCI RUEHDF RUEHIK RUEHLH RUEHLN RUEHLZ RUEHPW RUEHROV RUEHVK RUEHYG DE RUEHAH #0890 1971155 ZNR UUUUU ZZH P 151155Z JUL 08 FM AMEMBASSY ASHGABAT TO RUEHC/SECSTATE WASHDC PRIORITY 1158 INFO RUCNCLS/ALL SOUTH AND CENTRAL ASIA COLLECTIVE RUCNCIS/CIS COLLECTIVE RUCNMEM/EU MEMBER STATES COLLECTIVE RUEHAK/AMEMBASSY ANKARA 4022 RUEHBJ/AMEMBASSY BEIJING 1839 RUEHKO/AMEMBASSY TOKYO 1706 RUEHIT/AMCONSUL ISTANBUL 2275 RHMFIUU/CDR USCENTCOM MACDILL AFB FL RUEAIIA/CIA WASHDC RHEFDIA/DIA WASHDC RUEKJCS/JOINT STAFF WASHDC RHEHNSC/NSC WASHDC RUEKJCS/SECDEF WASHDC RUEHVEN/USMISSION USOSCE 2690
UNCLAS ASHGABAT 000890
SENSITIVE
SIPDIS
STATE FOR SCA/CEN, EEB
E.O. 12958: N/A
TAGS: PREL ECON PHUM TX
SUBJECT: TURKMENISTAN: EBRD LIKELY TO EMPHASIZE INVESTMENT
IN CENTRAL ASIA
REF: ASHGABAT 0853
UNCLAS ASHGABAT 000890
SENSITIVE
SIPDIS
STATE FOR SCA/CEN, EEB
E.O. 12958: N/A
TAGS: PREL ECON PHUM TX
SUBJECT: TURKMENISTAN: EBRD LIKELY TO EMPHASIZE INVESTMENT
IN CENTRAL ASIA
REF: ASHGABAT 0853
1. (U) Sensitive but unclassified. Not for public Internet.
2. (SBU) European Bank for Reconstruction and Development
(EBRD) Country Representative Neil McKain told emboffs that
he expected new EBRD Head Thomas Mirow to emphasize
investment in Central Asia as well as the Caucasus, Turkey,
and Russia's regions. At the same time, the Bank will likely
depart from the Baltic nations and some other Central
European countries, which clearly no longer need development
investment. McKain believed Mirow will take a more flexible
view toward Article one of the mandate with respect to
Central Asian countries, making it easier to invest in
projects in the region.
3. (SBU) McKain said EBRD is investing in a bank in
partnership with the revamped Union of Entrepreneurs
(reftel). The group is supposed to come up with $5 million,
but so far has only come up with $1 million. He thought they
would be able to raise the rest so that the project can
proceed.
4. (SBU) COMMENT: EBRD's officials, including both the
current and recently departed country representatives, have
been frustrated by the prospects of losing potential impact
on the Government of Turkmenistan's reform efforts because of
the bank's strict appication of Article one. EBRD sees a
potential to help shape the direction of reforms if it
becomes involved now. Given the vast need for donor
assistance here, post, too, sees greater EBRD involvement
here as a positive development.
CURRAN
SENSITIVE
SIPDIS
STATE FOR SCA/CEN, EEB
E.O. 12958: N/A
TAGS: PREL ECON PHUM TX
SUBJECT: TURKMENISTAN: EBRD LIKELY TO EMPHASIZE INVESTMENT
IN CENTRAL ASIA
REF: ASHGABAT 0853
1. (U) Sensitive but unclassified. Not for public Internet.
2. (SBU) European Bank for Reconstruction and Development
(EBRD) Country Representative Neil McKain told emboffs that
he expected new EBRD Head Thomas Mirow to emphasize
investment in Central Asia as well as the Caucasus, Turkey,
and Russia's regions. At the same time, the Bank will likely
depart from the Baltic nations and some other Central
European countries, which clearly no longer need development
investment. McKain believed Mirow will take a more flexible
view toward Article one of the mandate with respect to
Central Asian countries, making it easier to invest in
projects in the region.
3. (SBU) McKain said EBRD is investing in a bank in
partnership with the revamped Union of Entrepreneurs
(reftel). The group is supposed to come up with $5 million,
but so far has only come up with $1 million. He thought they
would be able to raise the rest so that the project can
proceed.
4. (SBU) COMMENT: EBRD's officials, including both the
current and recently departed country representatives, have
been frustrated by the prospects of losing potential impact
on the Government of Turkmenistan's reform efforts because of
the bank's strict appication of Article one. EBRD sees a
potential to help shape the direction of reforms if it
becomes involved now. Given the vast need for donor
assistance here, post, too, sees greater EBRD involvement
here as a positive development.
CURRAN