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DUSHANBE – Bank Eskhata has become the first Tajik bank to join the European Bank for Reconstruction and Development (EBRD)’s Medium Sized Co-Financing Facility (MCFF), the EBRD said in a February 29 statement.
The programme is meant “to support small and medium-sized businesses in Tajikistan,” the statement said.
By joining the MCFF, Bank Eskhata, the country’s fifth-largest bank, “will receive up to US $3m (14.3m TJS) in loan and risk sharing financing from the EBRD,” the statement said. The MCFF “will assist Bank Eskhata in meeting the financial needs of its growing small and medium-sized borrowers by sharing risk exposure and co-financing Eskhata’s best clients with the EBRD,” according to the EBRD.