EDB to increase funding for social and economic sectors of Tajikistan

On July 25, 2023, a meeting was held between the Minister of Economic Development and Trade, Commissioner at the Eurasian Development Bank (EDB) from Tajikistan, Zavkizod Zavqi Amin, and Ilyin Denis Vyacheslavovich, Deputy Chairman of the Board of the EDB, the press service of the ministry reports.

During the meeting, the parties discussed issues of expanding cooperation between the Republic of Tajikistan and the EDB, attracting concessional funds due to the influence of external factors, new priority projects based on the country's development goals and the prospects for medium-term cooperation.

In this regard, Zavkizoda Z. A. asked the Deputy Chairman of the EDB Board to increase funding for the social and economic sectors of Tajikistan in order to achieve the strategic goals and priorities of the Government of the Republic, including industrialization, energy, strengthening export potential, development of the "green" and digital economy.

In turn, Ilyin D.V. expressed his willingness to increase funding for projects in these areas and the parties assured that they would increase the Bank's investment portfolio in the Republic of Tajikistan to 3% of the Bank's total investment portfolio by the end of this year.

It should be noted that to date, the EDB and its structures have 13 investment projects for a total of $266.4 million, including 7 grant and concessional projects of the Eurasian Fund for Stability and Development of the EDB in the amount of $215 million and 6 projects of the Bank itself for the amount of 51.4 million dollars were sold in various sectors of the economy of the Republic of Tajikistan.

source: avesta.tj