The best practices of capital market and Stock Exchange management were condemned by the participants of a two-day online seminar, which ended in Ashgabat. Representatives of the Stock Exchange of Kazakhstan shared their experience with their Turkmen colleagues.
From the Turkmen side, officials from the Ministry of Finance and Economy of Turkmenistan, the Central Bank, the Academy of Civil Service, the Ashgabat Stock Exchange and other relevant government bodies, non-governmental structures and credit institutions took part in the seminar organized by the OSCE Center.
In their speeches, Kazakh specialists told how to determine the effectiveness of capital market instruments, form a diversified investment portfolio, and also paid attention to building the infrastructure of the capital market. The experts elaborated on the monitoring of issuers and members of the Stock Exchange, presented listing procedures and mechanisms for trading securities.
Turkmen representatives in their presentation made an overview of the capital market of Turkmenistan and discussed possible steps to further develop its infrastructure.
Stressing that the OSCE recognizes the importance of creating a favorable business environment for countries seeking to attract investment and develop the private business sector, John McGregor, Head of the OSCE Center in Ashgabat, noted:
- A well-developed domestic capital market enables governments and companies to access long-term local currency finance, increases investment for innovation, and fosters sustainable growth with high employment opportunities for the middle class.