15:38 20-10-2014
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
IFC, Austria to extend financing to Central Asian farmers

Bishkek (AKIpress) - ifc IFC, a member of the World Bank Group, is helping agricultural producers in Kyrgyzstan, Tajikistan, and Uzbekistan access bank financing, find markets, and grow, boosting sustainable production, the IFC's press service reported.

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.

Agriculture plays a major role in the economies of Central Asia, where more than 60% of the total population is involved in the sector, said Mai Nguyen, IFC Access to Finance Program Manager. 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.


Twitterfacebookprint
12:21 12.03.2014
LATEST NEWS
15:33 Tajik side pays 984.1 thousand som to compensate border incident of May 715:30 Estonian filmmakers shooting documentary in Osh15:24 Islam Karimov approves memorandum on transport corridor Uzbekistan-Turkmenistan-Iran-Oman-Qatar15:04 Meeting-requiem dedicated to memory of Red Army held in Bishkek15:00 Number of foreign workers checked at oil refinery in Tokmok14:57 Lufthansa strike: 1,450 flights cancelled, over 200,000 stranded14:46 Dog Training Center opened in Jalal-Abad region14:36 Celebration of Toktogul Satylganov's 150th birthday in Toktogul gathers nearly 10,000 people – PM14:30 Unauthorized buildings in Bishkek, Osh to be demolished by local authorities if builder remains unidentified14:29 Uzbek-Korean cooperation exchange to be held in Tashkent14:17 Kyrgyzstani takes 7th place in powerlifting at Asian Para Games14:10 Respublika, Ata-Jurt parties hold joint convention14:07 Astana- Paris flights to launch in 201514:05 Dushanbe hosts carnival in honor of 90th anniversary of city's status as capital of Tajikistan14:01 Kyrgyzstani takes 16th position in world ranking of strongest Greco-Roman wrestlers13:57 Kazakh Parliament's lower house chairman to meet Hungarian President13:43 Sulayman-Too museum holds exhibition of art works of youth13:25 President Atambayev asks Finance Ministry to pay special attention to timely funding of social sector13:19 State Registration Service presents new web portal on Kyrgyzstan's streets13:16 Turkmen pilgrims subjected to medical examination upon return from Mecca
Astana
+12° C
Ashgabat
+15° C
Bishkek
+23° C
Dushanbe
+17° C
Tashkent
+28° C
exchange rates
 
71.01
55.33
9.04
1.35
232.77
181.50
29.64
4.43
6.38
5.00
0.82
0.12
3084.28
2367.40
385.74
61.13
3.64
2.85
0.47
0.07

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials must be accompanied by a hyperlink to www.akipress.com
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75