The National Bank of the Republic of Tajikistan reported that a Tajik government delegation met International Finance Corporation Regional Vice President Imad Fakhoury to discuss expanding cooperation on financial sector development, improving small and medium-sized enterprises’ access to finance and introducing innovative financial services. The talks build on recent engagement with the IFC on financial sector digitization and infrastructure development. The delegation expressed readiness to continue work on the legal and regulatory framework, introduce factoring and reverse factoring mechanisms, and establish a national electronic financing platform. The parties also discussed digital financial services, an instant payment system, electronic money regulation and improvements to payment services legislation, alongside existing cooperation on asset-based finance and financial innovation in Central Asia.
National Bank of the Republic of Tajikistan and IFC discuss factoring, digital payments and SME finance reforms
The National Bank of the Republic of Tajikistan and the IFC discussed reforms to expand SME finance and innovative financial services. Priorities included factoring and reverse factoring, a national electronic financing platform, instant payments, electronic money regulation and payment services legislation.