Printer Friendly

China,Tajikistan : TAJIKISTAN negotiates allocation of US$20 million concessional loan with CHINA.

The State Savings Bank of Tajikistan, Amonatbonk, has negotiated for allocation of US$20 million in concessional loan with China's central bank, said Amonatbonk Chairman Jamshed Nurmahmadzoda.

In the month of September, Amonatbonk is expected to sign an agreement with the People's Bank of China on the loan which would be used to construct the bank's new building and towards developing agricultural credit.

Amonatbonk, in accordance with Tajikistan's national strategy, has closely cooperated with various international financial institutions and foreign banks.

Main objective of the strategy is to reduce poverty rate and boost economic development of the Central Asian nation.

2014 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).

COPYRIGHT 2014 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2014 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Mena Report
Geographic Code:9TAJI
Date:Jul 17, 2014
Words:112
Previous Article:China,Rwanda : RAWANDA secures Rwf135b worth of investment commitment for its realty industry from CHINA.
Next Article:China : CHINA NATIONAL PETROLEUM CORP. completes drilling and exploration off Xisha Islands.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters