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EDB to allocate substantial funds for Tajikistan's economic development

Tajikistan Materials 5 December 2022 13:34 (UTC +04:00)
EDB to allocate substantial funds for Tajikistan's economic development
Aygun Maherramova
Aygun Maherramova
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BAKU, Azerbaijan, December 5. The Eurasian Development Bank (EDB) will allocate substantial funds for the development of Tajikistan's economy, Trend reports with reference to avesta.tj.

About $150 million will be allocated for the economic development of Tajikistan as part of the EDB's Country Strategy for Tajikistan for 2022-2026. The majority of EDB investments are expected to be directed toward ensuring food security and industrial diversification.

As part of the diversification of industry, the development of the private sector and entrepreneurship is envisaged by facilitating the creation and development of manufacturing enterprises in the country.

"Another crucial area of cooperation is assistance in ensuring Tajikistan's energy security by the financing of small hydro and solar energy projects, as well as the construction of new energy facilities and rehabilitation of existing ones," the EDB said.

Meanwhile, according to the bank's forecast, Tajikistan's GDP growth in the next year is expected at the level of 6.5 percent.

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