DUSAHNBE, July 21, Asia-Plus – On Friday July 21, Tajik President received a delegation of the Islamic Corporation fro Development of Private Sector (ACD), which is in Dushanbe on working visit.
According to information from presidential press service, the meeting focused on issues of possible cooperation between
Tajikistan
and ACD in developing private and financial-banking sector, market of securities in the republic, etc.
In the course of the talks Emomali Rahmonov noted that that
Tajikistan
came out for expansion of regional cooperation, according to the source. The Tajik president also praised a level of cooperation between
Tajikistan
and the Islamic Development Bank (IDB) and expressed hope for further expansion of that cooperation.
ABOUT:
IDB Board of Governors approved the establishment of the Islamic Corporation for the Development of the Private Sector (ICD), during its 24th Annual Meeting, held in Jeddah on
November 2-3, 1999
. ICD is an independent international multilateral financial institution created for the development of its Member Countries through investment in the private sector and the provision of financial services to that private-sector entities. The inaugural meeting of ICD”s General Assembly was held on
8 July 2000
). Based in Jeddah, KSA, the new entity is a fully-fledged international independent institution. Its authorized capital is US$ 1 billion and its paid-up capital is US$ 500 million. The structure of the subscribed capital is as follows: Islamic Development Bank (50%), member Countries (30%), public financial institutions of member countries (20%).
