Financial and Operational Diagnosis of Khujand Packaging Company
(EBRD: Tajikistan, 1999)


The development of the private sector is a priority for Tajikistan . In 1997, the EBRD made its first direct investment in Tajikistan by extending a loan to facilitate the establishment of a joint venture in Khujand to produce vegetable and fruit juices. The company, having made a promising start, was experiencing serious financial problems. This was partly caused by the financial crisis in Russia , where the company planned to sell 80% of its total production. Corporate Solutions was awarded a contract to conduct a financial and operational review of the company and develop an action plan to manage the financial crisis.