On December 23, 2024, the meeting of Chairman of National Bank of Tajikistan, Firdavs Nazrimad Tolibzoda with the delegation of the World Bank Group was held in the head office of the National Bank of Tajikistan where the parties have discussed an implementation of the International Finance Corporation (IFC) project “Asset-based Finance – ABF” for small and medium-sized businesses in the Republic of Tajikistan.
The Chairman of the National Bank of Tajikistan, Firdavs Tolibzoda, has expressed his gratitude to the World Bank Group (World Bank/IFC), which is one of the reliable development partners of the Republic of Tajikistan, for long-term fruitful cooperation and contribution to the sustainable economic development of the country, noting that one of the important areas of cooperation with the World Bank is the development of financial inclusion, especially in the sectors of digitalization and improving the investment climate.
The Chairman has noted that on September 29, 2023, during the International Forum “Dushanbe-Invest 2023”, the National Bank of Tajikistan signed with the IFC a Roadmap for the implementation of the IFC project “Financing based on movable assets” for small and medium-sized businesses in the Republic of Tajikistan for 2023-2024, and this issue is currently being worked on.
“The implementation of the project “Financing based on movable assets” will create a favorable basis for the implementation of the goals of the National Bank of Tajikistan in improving the regulatory framework for financing based on movable assets, their inclusion and increasing their capacity,” has said F. Tolibzoda.
The World Bank Group Country Manager for Tajikistan Mr. Ozan Sevimli, in turn, has thanked the National Bank of Tajikistan for its continuous support and fruitful cooperation in the development of financial sector of the Republic of Tajikistan and expressed his willingness to further expanding cooperation, including the effective implementation of this project.
During the meeting, the parties have exchanged views on the development of a “green” economy, a financing platform based on movable assets, a credit registry platform and a single portal for statistical reports, accelerating the process of digitization of the Tajik economy, supporting private entrepreneurship, attracting financing to the private sector and other issues of the banking system, and noted that cooperation between the National Bank of Tajikistan and the World Bank Group will be strengthened in future.
It is worth noting that the IFC Resident Representative in the Republic of Tajikistan Farrukh Sultonov, ABF Project Manager Madina Nurmatova and ABF Project Consultant Marina Shamilova have also attended the meeting.
Press Division
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24.12.2024
