ADB and Eskhata Bank have partnered to enhance access to green financing for Tajikistan's MSMEs through a $10 million loan and a partial credit guarantee.

Target Information

The target of this deal is Eskhata Bank Open Joint Stock Company, one of Tajikistan’s prominent commercial banks. Established to support micro, small, and medium-sized enterprises (MSMEs), Eskhata Bank has proven its capability in promoting digital financial services and enhancing access to finance for entrepreneurs across the country. This agreement will enable the bank to extend its services and facilitate economic growth by empowering hundreds of businesses to thrive.

Industry Overview in Tajikistan

Tajikistan's economy significantly relies on the contributions of MSMEs, which play a crucial role in job creation and inclusive growth. However, accessing financing remains a major hurdle for these businesses due to limited financial infrastructure and foreign exchange risks. The government of Tajikistan has fostered a conducive environment for private sector development to overcome these challenges, emphasizing the importance of green financing initiatives to enhance sustainability.

The financial sector in Tajikistan is gradually evolving, with increased efforts to develop local currency financing solutions aimed at reducing foreign dependency. Local banks, such as E