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Dushanbe, Tajikistan, November 26, 2013
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IFC, a member of the World Bank Group, will provide a loan to an agricultural company in Tajikistan, helping to support the country's vital agriculture sector, create jobs, and reduce poverty.
IFC’s $2.2 million investment will help Nutristar Tajikistan launch the production of high-quality feed for livestock farms in Tajikistan, improving productivity on the farms while safeguarding the health and well-being of the animals. IFC’s financing will also help Nutristar Tajikistan’s parent company, Conseils et Compétences en Productions Animales (CCPA), transfer expertise and technology to farmers in Tajikistan.
“This loan will help us expand our production to meet the growing animal feed demand in Tajikistan and other Central Asian countries,” said Pierre Imhoff, General Director of Nutristar International, CCPA Group. “We hope our quality products, recent innovations, and solutions will bring profitability and development to local farmers.”
The investment is in line with IFC strategy to support the agricultural Tajikistan's agricultural sector, which contributes nearly 30 percent ofthe country’s GDP and accounts for more than half of total employment. Because 76 percent of the poor are living in rural areas, agriculture sector performance has a major impact on poverty reduction.
“The agribusiness sector is a priority for IFC’s activities in Central Asia,” said Moazzam Mekan, IFC Regional Manager for Central Asia. “IFC’s financing will help Nutristar Tajikistan generate new jobs, help local farms improve productivity, and support country’s dynamically growing livestock sector.”
Tajikistan became a member of IFC in 1994. Since 1997, IFC has invested $81 million to support 33 private sector projects in the financial, hydro power, retail, tourism, and manufacturing sectors. IFC began advisory services projects in the country in 2004.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in more than 100 countries, we use our capital, expertise, and influence to help eliminate extreme poverty and promote shared prosperity. In FY13, our investments climbed to an all-time high of nearly $25 billion, leveraging the power of the private sector to create jobs and tackle the world’s most pressing development challenges. For more information, visit
www.ifc.org
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About Nutristar Tajikistan
Nutristar Tajikistan LLC is a recently established subsidiary of Conseils et Compétences en Productions Animales (CCPA). CCPA, headquartered in France, is an agricultural cooperative that has operated since 1966 in the animal feed sector. CCPA`s product range includes premix, concentrate, additives, nutritional specialties, and minerals which are products requiring strong know-how and research and development capacity. For more information, visit
http://www.nutristar.fr
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