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1 Case Study

FIPEISF - Agribusiness
Account - Salty Snacks
Project in Turkmenistan

Having the capacity to independently manufacture potato chips will help improve
business performance and create new business opportunities for local potato
farmers and packers of Turkmenistan.

The TaiwanICDF has maintained Promoting progress and production processes and technical
close partnership with EBRD development of private sectors guidance on potato selection and
in financial intermediary, SME through lending and technical storage. This assistance is expected
development and green energy assistance to help the company manufacture
projects. In 2015, EBRD and In 2016, the TaiwanICDF and products that meet EU standards but
the TaiwanICDF launched the EBRD approved the salty snacks with more competitive prices, and
Financial Intermediary and Private lending project for Turkmenistan’s promote development and growth of
Enterprises Investment Special Fund Berk Group. Previously under EBRD’s the private sector in Turkmenistan.
– Agribusiness Account program, assistance, the company successfully
with the TaiwanICDF contributing improved productivity and expanded
US$15 million to the account. The its production lines to become
focus of the program is to assist Turkmenistan’s leading beer brand.
SMEs in the agriculture sector to With the loan from the Agribusiness
produce products that are compliant Account program, the company is
with local and international quality planning to enter the high-quality
standards, through improving and snack market through upgrading
enhancing the value along the the equipment at its Ashgabat plant
agricultural value chain. By focusing and to build brand-new potato
on the middle of the value chain, chip production lines. This is the
the agribusiness project under the first cooperation project since the
program can further integrate local Agribusiness Account was signed at
producers on one hand, and on the the end of 2015.
other hand drive the development Potato chips are one of the favorite
of the front-end marketing and snacks of the people of Turkmenistan,
distribution on the other side of but most potato chips in the market
the supply chain, and improve are imports with excessively high
production quality to meet the basic prices and of varying quality. Therefore,
export requirements. The Salty from a business point of view,
Snacks Project is one of the sub- domestic potato chips will not only
projects under this Agribusiness complement the company’s core beer
pr ogram that r eflects the business and create synergies along
characteristics mentioned above. the distribution chain; it will also benefit
Located southwest of Central the local packaging industry and
Asia with a population of five million, potato farmers, and bring many job
Turkmenistan became independent opportunities to the local residents.
from the Soviet Union in 1991. The In addition to financing, this
country is one of EBRD’s beneficiary project includes technical assistance,
countries. providing consultation services for

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