BAKU, Azerbaijan, May 5. Asian Development Bank (ADB) is increasing support to enhance road sustainability in southern Tajikistan, Trend reports via ADB’s Member Fact Sheet.
According to the report, ADB provided additional grant financing for $43.2 million to boost the safety and reliability of Tajikistan’s domestic roads in 2022. The grant also aims to enhance women’s access to social and economic activities.
Last year, ADB also distributed a grant for $38 million to expand climate-resilient water supply and sanitation systems in Tajikistan's capital Dushanbe.
At the same time, a $30-million grant was approved to strengthen disaster risk management and reduce economic losses that occurred due to climate change and natural hazards.
Furthermore, ADB provided $100 million in two grant programs in 2022 to help stabilize the banking sector, boost the non-banking finance sector, and strengthen the fiscal management of Tajikistan.
Overall, ADB provided grants for a total of $212.2 million to Tajikistan in 2022, technical assistance for $7.09 million, and $900,000 in the framework of the Trade and Supply Chain Finance Program.
Asian Development Bank was founded in 1966 and is jointly owned by 68 member countries. Since Tajikistan joined ADB in 1998, the bank has become the country’s largest development partner, with more than $2.4 billion in total assistance.