Uzbekistan commits $50 million to Abraham (Ibrahim) Fund launched by U.S., Israel and UAE
AKIPRESS.COM - U.S. International Development Finance Corporation and Uzbekistan announced about expansion of their partnership through Uzbekistan’s support for the Abraham (Ibrahim) Fund.
The United States, Israel, and the United Arab Emirates launched the Fund on October 20, 2020. In doing so, the three countries are seeking to support more than $3 billion to promote private sector-led investment and development initiatives that promote regional economic cooperation. The Fund fulfills a promise made in the Abraham (Ibrahim) Accords and demonstrates the benefits of peace through tangible projects that improve the lives of the region’s people, the U.S. Embassy said.
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Synopsis
Founded in 2014, Chennai-based Samunnati said in a statement it has raised EUR 10 million from FMO-Entrepreneurial Bank as well as Triodos Fair Share Fund and Triodos Micorfinance Funds, the two financial inclusion funds managed by Triodos Investment Management (Triodos IM).
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Samunnati offers customised financial, co-financial and non-financial solutions to farmer producer organizations and agricultural enterprises across the value chain.
New Delhi: Samunnati on Monday said it has raised EUR 10 million (around Rs 90 crore) in debt to provide loans to farmer producer organisations (FPOs) and SME agri businesses. Founded in 2014, Chennai-based Samunnati said in a statement it has raised EUR 10 million from FMO-Entrepreneurial Bank as well as Triodos Fair Share Fund and Triodos Micorfinance Funds, the two financial inclusion funds managed by Triodos Investment Management (Triodos IM).