IDB to contribute $ 11 million to Tajikistan to reduce poverty
An agreement on financing 'Professional literacy programs for poverty reduction' was signed in Dushanbe between the Republic of Tajikistan and the Islamic Development Bank (IDB), AsiaPlus news agency reported on Saturday.
The total project cost is $ 11 million on a credit basis. The project will be implemented until 2016.
According to the Secretariat of the Tajik Finance Ministry, the agreement was signed by the Minister of Finance Safarali Najmiddinov and Vice - President of the IDB, Ahmet Tiktik.
The 'Professional literacy programs for poverty reduction" are aimed to decrease poverty rates, especially in rural areas; training of young people and women by enhancing relevant professional literacy, practical skills and productivity.
The ministry noted that the project will especially improve literacy and professional skills of 15 to 24 years old young people and provide assistance to 24 to 49 years old unskilled employed women by conducting trainings on professional skills and microfinance.
The main components of the project are: training, covering the definition of beneficiaries and trainers, professional literacy of women, micro-financial support of 50 percent of youth and 60 percent of employed women and project management.