Certificates awarding to graduates of the Trade Financing Support Program

The certificates awarding ceremony of the “Trade Financing Support Program” implemented as part of the NBT and the EBRD partnership, took place on February 19, 2020 in the NBT meeting hall with participation of the NBT First Deputy Chairman Mr.Jamoliddin Nuraliev, Ayten Rustamova, Head of the EBRD Representative Office in Tajikistan, Jahongir Shamsiev, Deputy Director of Works with Financial Institutions Department at the EBRD, Kamola Makhmudova, Deputy Head of the Trade Financing Support Program of the EBRD in member-countries, Konstantin Kintsurashvili, EBRD Economist on Eastern Europe and Caucasia, Bahodur Yusupov, Expert on Work with Financial Institutions of the EBRD and other representatives of financial institutions of the country.

At the beginning the First Deputy Chairman of NBT Mr.Jamoliddin Nuraliev has expressed gratitude to guests for initiative of arranging such a large-scale online training for credit institutions of the Republic of Tajikistan.

Today, more than 200 staff members of credit institutions have become holders of certificates of the International Chamber of Commerce on International Business (GoingGlobal), has noted Jamoliddin Nuraliev. It should be noticed that participants of this program were banking experts in field of trade finance, public relations, lawyers and risk management experts.

It was emphasized that today's event is an important step in mobilizing the intellectual potential of banking sector of Tajikistan and it is aimed at assessing the introduction and use of trade financing and risk management products for increasing financing opportunities of export-import operations in Tajikistan. Mr.Jamoliddin Nuraliev, First Deputy Chairman of the NBT has noted that the National Bank of Tajikistan fully supports such initiatives of international financial institutions and hopes that the EBRD will continue to initiate the arranges similar training programs for specialists of financial sector of Tajikistan.

In 2019, more than 500 staff members of banking system of Tajikistan registered for online courses offered by the EBRD's Trade Financing Support Program, 200 of which successfully have completed the first stage of training “Fundamentals of Trade Financing” and joint courses of the EBRD and the International Chamber of Commerce on International Business (GoingGlobal).

Mr.Jamoliddin Nuraliev also has underlined that participants of program have improved their knowledge of trade financing, public relations, law, banking, risk management, international trade financing and other banking system issues. The arrangement of training courses of the EBRD “Trade Financing Support Program” has provided the participants with opportunity to know more closely products and processes of trade financing including relevant rules of international standards.

Then, the Head of the EBRD's Representative Office in the Republic of Tajikistan Ayten Rustamova and Deputy Head of the EBRD Trade Financing Support Program Kamola Makhmudova have addressed the meeting and noted the importance of arrangement of such training programs for the country.

“Participation of over 500 staff members of Tajik credit institutions in the EBRD’s online training programs is the highest among other countries, indicating that credit institution specialists seek to increase their knowledge and professional skills”.

Ayten Rustamova and Kamola Makhmudova also have expressed their gratitude to the National Bank of Tajikistan for creating opportunities and attracting specialists to participate in the training and noted willingness to continue mutually beneficial cooperation in this area.

It should be emphasized that the EBRD established the online training program on trade financing in cooperation with the International Chamber of Commerce in 2010 and to date more than 5400 specialists of 340 institutions in 48 countries of Eastern Europe, Central Asia and the southern and eastern Mediterranean have participated in it. The graduates with the highest rates got the opportunity to take an internship at international commercial banks and international chambers of commerce in Europe.

The training program is funded by the EBRD Special Shareholders Fund. Selected students will receive a scholarship, after completing training for 12 months they are awarded the international certificates.

At the end of the meeting, 200 staff members of the country's banking system were awarded the certificates on completion of the online training “Trade Financing Support Program”.

Press Division