EBRD Backs Development of Tajikistan's Private Sector Services

The European Bank for Reconstruction and Development will invest USD1.17 million toward expanding electronic payment services in Tajikistan. The investment will be given as a combination of equity transactions and loans to FG Vavilon, a leading electronic payment processing firm.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.