Kazakhstan and Tajikistan establish joint investment fund.

By bne IntelliNews November 25, 2010
Kazakhstan and Tajikistan officially established Kazakh-Tajik Direct Investment Fund joint stock company. The ceremony was attended by Tajik PM Oqil Oqilov and Kazakh counterpart Karim Masimov. The authorized capital of the fund is USD 80mn. Kazakhstan holds a 80% stake in the fund while the remaining belongs to Tajikistan. The fund was set up at the initiative of the presidents of Kazakhstan and Tajikistan. The main objective of the fund is implementation of topical and efficient programmes. The minimum amount of investment is fixed at USD 0.8mn and the maximum amount at USD 8mn. The funds cannot be used to implement projects for production of alcohol and tobacco goods as well as for setting up casinos.

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