▲ Up
 
15:12 29-03-2017
MAIN АКИpress CA-News
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
IFC, Austria to extend financing to Central Asian farmers
12:21, 12 March 2014, 1274

AKIPRESS.COM - 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
LATEST NEWS
15:04 Signs of rabies among horses and sheep discovered in Naryn15:02 Average salary of a taxman in Kyrgyzstan 7,500 som14:53 World's biggest dinosaur footprint found in Australia14:43 AFC 2019 Asian Cup qualifier: Kyrgyzstan and India are leading in their Group A14:38 New EBRD country director for Tajikistan named14:27 PM Jeenbekov orders to develop proposal on modernization of Ak-Kula racetrack14:27 Situation in Tekebayev's small motherland after Supreme Court upheld his 2-month arrest14:17 Kazakhstan, EU reiterate their commitments to continue constructive and dynamic dialogue14:13 300 tree seedlings to be planted in Bishkek this year14:03 Trump's business network reached alleged Russian mobsters13:29 Police must respect citizens' expression of their civil position, but also ensure order and safety in case of violation of laws: Atambayev13:21 Ministry of Emergency Situations holds meeting on reclamation of Min-Kush and Shekaftar uranium mines13:14 Kazakh delegation attends UN conference on elaboration of treaty on prohibition of nuclear weapons12:59 New member of Kyrgyz Parliament Aida Kasymaliyeva sworn in12:57 Parents' fear of daughters losing virginity is a root cause of early marriages in Kyrgyzstan — UN representative12:39 Chairman of Board of Kyrgyzneftegaz detained on suspicion of power abuse, fraud12:31 Literature map of the world12:29 Special bank account opened to raise funds for families of employees of Ministry of Transport killed by avalanche12:07 Implementation of law banning nikah with minors in Kyrgyzstan requires about 18 mln som11:59 Truck with 3,000 bottles of vodka detained on Osh-Bishkek road, vehicle impounded
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to 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