IFC – TAJIKSTAN
March 1st, 2003
BY KEITH NUTHALLTHE WORLD Bank's International Finance Corporation (IFC) has announced it will invest up to US$3 million in expanding a textile industry joint venture in Tajikstan, the poorest former Soviet republic. The money will be sunk into Tajik-Italian-American garment company Javoni, the largest foreign-local textile joint venture in the country; its local partner is part state owned Abreshim SA, the largest textile company in Tajikstan and it is majority owned by international garment company Carrera Group. With the IFC investment, Javoni's workforce is ...
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