IFC and the Consultative Group to Assist the Poor, CGAP, helped Tajikistan adopt an improved law on microfinance organizations, increasing access to finance for microentrepreneurs and the general population.
Tajikistan became a member of IFC in 1994. Since 1997, IFC has invested $86.9 million to support private sector projects in the financial sector, hydro power, retail, tourism and manufacturing sectors.
IFC Strategy in Tajikistan
IFC, with its focus on private sector development, has an important role to play in supporting inclusive growth and job creation in Tajikistan. IFC works with private sector clients, government, and civil society to bring global expertise to Tajikistan through its advisory services and investment projects. IFC looks forward to continuing to support reforms to strengthen the investment climate and to increase its direct financing of Tajikistan’s private sector companies.
IFC advisory programs in the Kyrgyz Republic focus on: i) improving financial markets infrastructure, specifically credit information sharing systems and risk management education; (ii) the institutional and capacity building of financial intermediaries; (iii) microfinance development; (iv) investment climate and tax administration; (v) improving corporate governance in local companies; (vi) increasing agri-financing, and (vii) infrastructure advisory.
As of December 31, 2013, IFC’s committed portfolio stood at $28.7 million, which includes investments in financial markets and agribusiness sector.