DUSHANBE, Tajikistan, June 8. International financial institutions and development agencies have approved $347.2 million in financing for Tajikistan in 2023, Trend reports.
According to the Eurasian Fund for Stabilization and Development (EFSD), this financing was facilitated through 43 transactions. Projects in the social sector, specifically in education and healthcare, prevailed.
The World Bank (WB) emerged as the primary creditor, allocating $242.5 million to Tajikistan in 2022.
Overall, $6.2 billion (337 transactions) of sovereign financing was approved by international financial institutions and development agencies for the Eurasian region in 2023.
The Asian Development Bank (ADB) and the WB were leaders in the volume of approved sovereign financing in the region last year, comprising a total share of 59.7 percent: $1.9 billion (30.7 percent of the total) and $1.8 billion (29 percent), respectively. They are followed by the Asian Infrastructure Investment Bank (AIIB) with $1 billion (16.1 percent), and the Islamic Development Bank (IDB) with $396.7 million (6.4 percent).
Out of the 11 countries in the mix (Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Mongolia, Russia, Tajikistan, Turkmenistan, and Uzbekistan), Uzbekistan takes the cake when it comes to the amount of funding approved in 2023—$3.2 billion, which is a whopping 51.6 percent of all funds for the Eurasian region.