International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries.
Established in 1956, IFC is owned by 184 member countries, a group that collectively determines our policies. Our work in more than a 100 developing countries allows companies and financial institutions in emerging markets to create jobs, generate tax revenues, improve corporate governance and environmental performance, and contribute to their local communities.
IFC’s vision is that people should have the opportunity to escape poverty and improve their lives.
IFC in Tajikistan
Tajikistan became a member of IFC in 1994. IFC began operating in the country by pioneering advisory projects in 2004. Since 1997, IFC has invested $81 million to support 32 private sector projects in the financial sector, hydro power, retail, tourism and manufacturing sectors.
Advisory Services has become a cornerstone of IFC's private sector development work in this frontier country. A significant portion of the program has been focused on the energy sector, but much has been accomplished in agribusiness and financial markets.
IFC works with private sector clients, government, and civil society to bring the benefit of global expertise to Tajikistan through its advisory services and selected investment projects. IFC also assists the Tajik government in furthering the nation’s development, especially efforts to develop the private sector.
As of June 30 2012, IFC’s portfolio in Tajikistan stands at $30 million, with investments in financial markets, manufacturing, and services sectors.