Dushanbe, Tajikistan, September 19, 2013.The World Bank Director for Central Asia Saroj Kumar Jha met with the President of Tajikistan EmomaliRahmon today in Dushanbe to discuss ongoing issues of cooperation.Mr. Jha and President Rahmon discussed projects financed by the World Bank in Tajikistan and expressed their satisfaction with the level of current cooperation. Regarding the energy sector, they also discussed the status of the assessment studies of the proposed Rogun Hydro Power Project. The studies are financed by the World Bank under the Energy Loss Reduction Project Additional Financing.
Local currency credit line will allow Bank of Asia, new partner for EBRD, to increase lending to micro, small and medium-sized enterprise (MSME) clients
The European Bank for Reconstruction and Development (EBRD) is supporting micro, small and medium-sized private businesses in the Kyrgyz Republic by opening a local currency credit line equivalent to US$ 2 million for Bank of Asia CJSC, aimed at its MSME clients.
The Kyrgyz Republic and the Asian Development Bank (ADB) have agreed on a new Country Partnership Strategy (CPS) for 2013 – 2017 to reduce poverty and advance inclusive economic growth.