“CREATING GUARANTEE FUNDS IN THE REPUBLIC OF TAJIKISTAN”

This is one of the items of the Resolution of the First National Conference “Financial Inclusion in the Republic of Tajikistan”, held in Dushanbe (Tajikistan) on August 15, 2019. At this conference, the Chairman of the Management Board of OJSC “Guarantee Fund”, Malik Abakirov, made a presentation on the principles and results of the two-level Kyrgyz model of guarantee funds.

Considering the effectiveness of activities and significant assistance to entrepreneurs from guarantee funds, in the operative part of the conference “Financial Inclusion in the Republic of Tajikistan”, the following decision was made: “CREATE GUARANTEE FUNDS IN THE REPUBLIC OF TAJIKISTAN”.  The basic model of guarantee funds is supposed to be the Kyrgyz Model of guarantee funds, which has established itself as a very successful financial institution and effective assistance for entrepreneurs.

P.S.  for information purposes, it should be noted that back in May 2018, ADB recognized the activities of two-level Kyrgyz Model of guarantee funds as successful and effectively helping entrepreneurs. In this regard, ADB recommended that the governments of the countries of Central Asia and Caucasus introduce guarantee funds according to the Kyrgyz Model.