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IFC is implementing the following projects in Tajikistan:
The agricultural sector remains the largest employer in Tajikistan and consequently a very important part of the country’s economy. However, antiquated technology, outdated agri-business management skills, little or no access to finance, and poor sector organization greatly limit agriculture supply chain development. Cotton represents the most developed supply chain in the country and is the only crop that receives significant financing. Additionally, the technical management skills of most farms and household producers are often 20 to 30 years out of date. Many farms seek finance to modernize and grow their operations, but lack the ability to adequately plan and implement the investments required. Access to finance is further constrained by lack of adequate support services and poor coordination between input suppliers, finance providers, processors, farms and other sector participants. The consequences are poorly structured and inefficient agribusiness supply chains with limited potential. The IFC Approach IFC’s approach is structured and comprehensive, linking supply (farms, households) to demand (processors, fresh markets) in a commercially sustainable manner. The project centers on farms that supply Geha Foods, a new tomato processing plant currently being commissioned, and Dushanbe Milk Factory, the leading local milk producer. The project will use the impetus created by these recent investments in value-added processing to address shortages in the supply of raw materials, thereby benefiting people in six key regions in Southern Tajikistan. It will work with farms and processors to develop contract models that provide incentives for quality, volume and timely delivery, and with local banks to develop systems of managing farm risk and mentoring farms to create a sustainable farm credit system. To address improvements in the enabling environment, the project will also work with the government on regulatory issues. Achievements to Date as of July 1, 2008 www.ifc.org/cacgp 2006 – present Supported with IFC funds The project helps local joint stock companies and banks strengthen their corporate governance practices with a view to improving their operations and increasing their ability to attract investment and financing. In addition, the project works with policymakers to improve the regulatory framework for corporate governance and increase the region's overall investment climate and the business-enabling environment. The project was launched in Kazakhstan and is currently expanding to Tajikistan and the Kyrgyz Republic.  More...Azerbaijan and Central Asia Primary Mortgage Market Development Project Phase 1, 2005 – 2006, supported with funds from the State Secretariat for Economic Affairs of Switzerland (SECO) Phase 2, 2006 – present, supported with funds from the Ministry of Economic Affairs of the Netherlands and the State Secretariat for Economic Affairs of Switzerland (SECO) The project focuses on improving the housing finance legislative framework in Azerbaijan and Central Asia by building institutional capacity for mortgage lending and raising mortgage awareness. By partnering with policymakers, banks, and key stakeholders in the mortgage market, the project works to increase access to affordable housing in Azerbaijan, Kazakhstan, Kyrgyz Republic, Tajikistan, and Uzbekistan. MoreAzerbaijan-Central Asia Leasing Facility www.ifc.org/acalf 2005 – present Supported with funds from the State Secretariat for Economic Affairs of Switzerland (SECO) The project facilitates the development of the leasing industry in Azerbaijan, Kyrgyz Republic, Tajikistan and Uzbekistan by strengthening the capacity of selected financial institutions, improving their Management Information Systems, and facilitating improvements in the regulatory framework for leasing in each country. MoreTajikistan Business Enabling Environment - SME Policy Project www.ifc.org/tajikistan/sme 2004 - current Supported with funds from the State Secretariat for Economic Affairs of Switzerland (SECO) and the Department for International Development (DFID) of the UK Government To improve the business environment for SMEs and facilitate the growth and launch of small and medium enterprises, the project works with the government of Tajikistan to help reform business inspections practices and permit procedures. The project focuses on legal reform, reform of inspectorates’ procedures, providing information and training for government agencies, and raise entrepreneurs’ awareness about their rights and responsibilities. The project also conducts regular surveys among SMEs to monitor the evolution of the business environment. MoreFirst Microfinance Bank of Tajikistan 2004 - current Funded by Canada and KfW Development Bank In July 2004, the First MicroFinanceBank of Tajikistan began operations as the country’s first full-service microfinance bank. Responding to the needs of the current and future small entrepreneurs who are the foundation of the Tajik economy, the bank will provide credit and savings products to micro and small enterprises, particularly those belonging to women in underserved rural regions. | SITE TOOLS  
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