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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.

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Publication:Mena Report
Geographic Code:9TAJI
Date:Jul 17, 2014
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