Dushanbe, Tajikistan, March 11,
2014—IFC, a member of the World Bank Group, is helping agricultural
producers in the Kyrgyz Republic, Tajikistan, and Uzbekistan access bank
financing, find markets, and grow, boosting sustainable production.
IFC’s new advisory project will help farmers and agri-businesses become
bankable through targeted training, supply chain development, and links
to markets and financial institutions. IFC will also work with local financial
institutions to develop lending tools unique to agri-financing and improve
their risk management.
The countries’ key strategic agriculture supply chains—cotton, apricots,
and dairy produce—will be IFC’s focus.
“Increasing access to finance for the agriculture sector is critical for
employment and development in Uzbekistan,” said Olmahon Turajonova, Chairman
of the Board of OJSCB Hamkorbank. “This new collaboration with IFC will
enable our bank to increase its support for agriculture and build a strong
portfolio in the sector.”
Mai Nguyen, IFC Access to Finance Program Manager, said: “Agriculture
plays a major role in the economies of Central Asia, where more than 60
percent of the total population is involved in the sector. Through this
program, IFC will encourage financial institutions and supply chain aggregators
to target and service farmers and agri-businesses, increasing their output
and capacity along the whole supply chain.”
The new IFC advisory project is supported with funds from the Austrian
Ministry of Finance. It builds on IFC’s previous efforts to improve the
enabling environment, expand access to finance, and build the capacity
of farmers and agri-businesses in the region.
IFC is one of the largest foreign investors in agribusiness in Europe and
Central Asia. In fiscal year 2013, it invested $442 million in 15 projects
in the sector across the region.
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. Working with private
enterprises in more than 100 countries, we use our capital, expertise,
and influence to help eliminate extreme poverty and promote shared prosperity.
In FY13, our investments climbed to an all-time high of nearly $25 billion,
leveraging the power of the private sector to create jobs and tackle the
world’s most pressing development challenges. For more information, visit
For more information about Austrian Ministry of Finance, visit https://english.bmf.gv.at.