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Tajikistan became a member of IFC in 1994. As of December 2007, Tajikistan received commitments of $33 million in IFC funds. Investments have been made in six key sectors: textiles, agriculture, finance, information, mining, and hydro-power generation. Investments in support of small and medium enterprises (SME) and financial sector development include Holland Supermarket, Telecom Technologies Internet Expansion, Farmer Ownership Model, Tojik Sodirot Bank, and Giovani textiles. In 2005, IFC committed $665,000 in equity to establish the First Micro Finance Bank Tajikistan (FMBT). In 2003, IFC and the Aga Khan Fund for Economic Development established Pamir Energy, the country’s first private sector investment in the power sector. In addition, IFC has invested in regional projects that benefit Tajikistan, including the Central Asia Micro and Small Enterprise Facility, a joint project with EBRD, and a regional equity investment fund, the SEAF Central Asia Small Enterprise Fund, established jointly with SEAF, a leading manager of small equity funds. Continuing IFC efforts in Tajikistan include strengthening the financial sector and promoting SMEs and micro-enterprises, assisting the agro business sector and developing business infrastructure, and exploring opportunities in the mining sector. More on investments in Tajikistan. Advisory Services Since IFC began providing Advisory Services in Tajikistan in 1996, advisory work has become a cornerstone of its private sector development agenda in this frontier country. A significant portion of the program has been focused on the energy sector, but much has been accomplished in agribusiness and financial markets. 2004 saw the launch of a milestone in banking in the region when the First Microfinance Bank of Tajikistan opened its doors. More on advisory projects in Tajikistan. |
