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ASTANA (TCA) — The European Bank for Reconstruction and Development said it is providing a financial package of up to US$ 45 million to Bank CenterCredit, a long-term financial partner in Kazakhstan with 19 branches and over 100 outlets across the country. Continue reading
BISHKEK (TCA) — The Eurasian Development Bank (EDB) and Halyk Bank Kyrgyzstan entered into framework agreements for a total of US $5 million to support trade finance and SME finance programs. The instruments were signed on 8 August by Dmitry Ladikov-Roev, Managing Director for Assets and Liabilities at the EDB, and Aikyn Kabulov, Chairman of the Management Board at Halyk Bank Kyrgyzstan. The trade finance agreement is the EDB’s first transaction of this kind in Kyrgyzstan. Continue reading
TASHKENT (TCA) — Strengthening its support for the private sector in Uzbekistan, the European Bank for Reconstruction and Development (EBRD) is providing a synthetic local currency loan of up to US$ 5 million to DAVR Bank. This is the first EBRD loan to the bank aimed at expanding access to finance for local micro, small and medium-sized enterprises (MSMEs). Continue reading
ASHGABAT (TCA) — Promoting foreign trade activity and raising awareness of the opportunities and challenges associated with exports was the goal of a workshop in Ashgabat, the capital of Turkmenistan, organised by the European Bank for Reconstruction and Development (EBRD) with EU donor funding and in partnership with the EU Project “Support for Further Sustainable Agriculture and Rural Development in Turkmenistan – Phase III”, the EBRD said on June 28. Continue reading
BISHKEK (TCA) — A roundtable discussion to mark the completion of the development of recommendations for a large-scale regulatory reform of business practices in Kyrgyzstan, hosted by the Kyrgyz Government’s Council on Regulatory Reform and the OSCE Programme Office in Bishkek, took place at the event to mark the launch of the reform on 18 June in Bishkek. Continue reading
TASHKENT (TCA) — IFC, a member of the World Bank Group, has issued its inaugural bond in Uzbek national currency, the Soum, raising UZS 80 billion — ten million USD equivalent — to expand lending for micro, small and medium enterprises in Uzbekistan. This is the first-ever Uzbek Soum-denominated transaction issued in the international markets, the IFC said. Continue reading
