IDB to provide $700 million loan for Turkmen section of TAPI gas pipeline
- Written by TCA
ASHGABAT (TCA) — The Islamic Development Bank will provide a $700 million loan to finance the construction of the Turkmen section of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline. The agreement was signed in Washington, DC during the recently-held IMF-World Bank Annual Meetings. The State Bank for Foreign Economic Activities represents the Government of Turkmenistan in that agreement, the State News Agency of Turkmenistan reported.