Baku, Azerbaijan, Oct.8
By Nargiz Sadikhova - Trend:
The Asian Development Bank’s (ADB) updated indicative financial assistance for Tajikistan from 2020–2022 is planned at $404 million that will help address the country’s challenges and emerging needs, Trend reports with reference to the press office of ADB.
According to the information, the final amount will depend on the availability of ADB funds and project readiness, along with possible partnerships and co-financing from other multilateral and bilateral institutions.
“Our 3-year plan is consistent with the current ADB country partnership strategy with Tajikistan and the national development priorities. In addition to the public sector projects, ADB will also explore private sector investments in agribusiness, finance, and other sectors,” said ADB Country Director for Tajikistan Pradeep Srivastava.
The plan includes projects to enhance labor skills, further develop the energy sector including supporting sector reforms and improving infrastructure, promote financial sector development, as well as improve water resource management. ADB also plans to support projects focused on tourism development, the rehabilitation of key road corridors, urban infrastructure development, increased disaster resilience, and investment climate reforms.
ADB’s first assistance to Tajikistan was in 1998 to support post-conflict reconstruction. Since then, ADB has mobilized over $1.8 billion for the country, including more than $1.1 billion in grants. The assistance has helped improve the country’s transport and energy infrastructure, support social development, expand agricultural production, and strengthen regional cooperation and trade.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. In 2018, it made commitments of new loans and grants amounting to $21.6 billion. Established in 1966, it is owned by 68 members - 49 from the region.