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BISHKEK (TCA) — The Asian Development Bank’s (ADB) Board of Directors on December 19 approved a $25 million policy-based grant to continue ongoing efforts to improve the investment climate in Kyrgyzstan and encourage the private sector to contribute more effectively to the country’s growth. The grant is being provided under subprogram 3 of the Second Investment Climate Improvement Program (Second ICIP), the Bank’s Country Office said. Continue reading
DUSHANBE (TCA) — Loans to small and medium-sized enterprises (SMEs) in Tajikistan, which represent over 50 per cent of the country’s labour force, will be available to a greater number of domestic SMEs following the risk sharing accord between the European Bank for Reconstruction and Development (EBRD) and the First MicroFinance Bank (FMFB). The cooperation will help channel much needed funds to businesses across the country, including remote mountainous areas, the EBRD said on December 18. Continue reading
DUSHANBE (TCA) — The World Bank Board of Executive Directors on December 15 approved US$ 15 million in additional financing to support the ongoing Agriculture Commercialization Project in Tajikistan. The project aims to expand opportunities for Tajik farmers and enterprises to increase productivity and access to domestic and international markets, the Bank said. Continue reading
BISHKEK (TCA) — On December 12, IFC, a member of the World Bank Group, released the results of a five-year program which aimed to help Kyrgyzstan to improve the business environment and to promote private investments in order to create jobs and support sustainable economic development. The initiative is part of the IFC Central Asia Investment Climate Program, which is funded by the government of Switzerland and the United Kingdom’s Department for International Development, the Embassy of Switzerland in the Kyrgyz Republic said. Continue reading
ASTANA (TCA) — On December 12, the Kazakh-Czech business forum took place in Prague, with the participation of Vice Minister for Investments and Development of Kazakhstan, Yerlan Khairov and Deputy Minister of Industry and Trade of the Czech Republic Jiří Koliba, the official website of the Prime Minister of Kazakhstan reported. Continue reading
BISHKEK (TCA) — The final package of recommendations developed under the OSCE flagship project to strengthen regulatory governance in Kyrgyzstan was approved by the Kyrgyz Government’s Regulatory Reform Council on 1 December, the OSCE Programme Office in Bishkek said on December 4. Continue reading
