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News: February 2009

ADB TO PROVIDE $102 MILLION TO TAJIKISTAN IN GRANT

The Asian Development Bank (ADB) will provide 102 million US dollars to Tajikistan in a form of grant for mitigation of effects of the financial crisis, Director of the ADB Resident Mission for Tajikistan (TJRM), Mr. Makoto Ojiro, told journalists in Dushanbe on February 20 following his meeting with President Emomali Rahmon.

According to him, the funds will be allocated in 2009-2010 for supporting national budget, the cotton sector, and rehabilitation of the Dushanbe-Kyrgyz border road.

The first 51 million dollars will be provided to Tajikistan already this year and the remaining 51 million dollars will be provided in 2010, the TJRM director said.

Mr. Ojiro noted that 13 projects for a total amount of $380 million were currently implemented in Tajikistan under financial support of the ADB. These projects cover sectors such energy, agriculture, and transportation.

He noted that during the meeting they had discussed issues related to activity of ABD in Tajikistan in the coming three years and governments measures to address the financial crisis.

The sides agreed to meet more frequently and conduct consultations on the current economic situation in order that the ADB could receive proposals from the government for presenting them to the bank donors.

ADB, based in Manila, is dedicated to reducing poverty in the Asia and Pacific region through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members 48 from the region. Tajikistan joined ADB in 1998.

Source: CARNet, 24.02.2009