This news was read users

15-01-2015, 10:24

ADB to increase assistance to Tajikistan by 20 mln USD

Avesta.Tj | 15.01.2015 | The Asian Development Bank (ADB) will increase assistance to Tajikistan by around 20 million U.S. dollars in 2015, raising its full year planned assistance program to 79 million U.S. dollars, the bank’s country office here said Thursday.

C.C. Yu, director of the ADB Resident Office in Dushanbe, said: "Based on the recent country performance assessment, the ADB will increase its annual allocation to Tajikistan by around 20 million U.S. dollars”.

The final amount may still change subject to further discussions with the government and funding availability, C.C. Yu noted.

The 2015 assistance will be used to support development of the private sector, railways and water resources, and to help strengthen the investment climate.

Out of the planned 79 million U.S. dollar, 20 million USD will be used to boost the quality and efficiency of the country’s technical and vocational education system.

Аnother 20 million U.S. dollars is earmarked for the government’s budgetary support program, which will implement a series of reforms aimed at improving the country’s investment climate to promote private investment and create more jobs. This assistance is especially important given an expected decrease in remittances by Tajik migrant workers, as a result of the sharp depreciation of the Russian ruble.

ADB is also preparing a 30 million USD project to improve water resource management and to strengthen the climate resilience in the Chubek irrigation area, which will help lift farm incomes. Another 9 million USD is being set aside to prepare a railway project.

Tajikistan joined ADB in 1998 and, to date, ADB has approved total assistance of around $1.3 billion in concessional loans, grants, and technical assistance to the country.

The ADB-Tajikistan partnership has promoted social development, upgraded and built new infrastructure, expanded agricultural production, and encouraged regional cooperation and trade under the CAREC Program.