DUSAHNBE, July 24, Asia-Plus - The Islamic Corporation for Development of Private Sector (ICD) is ready to invest in development of private sector in Tajikistan . 

According to information from Tajikistan’s Chamber of Commerce and Industry (CCI), a delegation of the ICD led its General Manager Ali Suleyman was on its working visit to Tajikistan on July 19-23.

On July 21, the ICD delegation met in Dushanbe with Sharif Saidov, the head of Tajikistan ’s CCI.  According to information from the Tajik CCI, possible cooperation between Tajikistan and ICD in developing private and financial-banking sector, securities market and other issues figured prominently in the ICD delegation’s discussion with the Tajik CCI head.

            During the meeting the ICD General Manager Ali Suleyman pointed to the necessity of combining efforts to reach positive results in further cooperation, according to the CCI source.

Sharif Saidov also briefed representatives from the ICD delegation on priorities and main directions of Tajikistan ’s economy and braches, in which the ICD could invest.  

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%).