IDB allocates $450 million to Tajikistan

The Islamic Development Bank (IDB) will allocate $450 million to implement projects in priority sectors of the Tajik economy. Such an agreement was reached at a meeting of the delegation headed by the Minister of Economic Development and Trade of the Republic Zavqi Zavqizoda and the President of the Islamic Development Bank (IDB) Muhammad Suleiman al-Jasser in Jeddah (Saudi Arabia), the press center reported on Saturday

At the meeting, Zavkizoda informed the head of the bank about the state of affairs in such priority areas of the country's economy as the development of green energy, including the construction of the Rogun hydroelectric power station, the construction of roads and educational institutions, the irrigation of farmland, the creation of textile enterprises and logistics centers, the production of halal products and capacity building of the private sector . Trade, tourism, traditional and Islamic banking, as well as a set of issues related to the prevention of the effects of climate change were also named.

“The President of the IDB Group expressed his readiness to increase funding for projects in these areas and intensify further cooperation,” the message says.

The IDB allocated $150 million this year for the construction of the Rogun HPP. The head of the bank said that an IDB delegation would visit Tajikistan in May-June to discuss the implementation of several projects.

ministries.

Source: avesta.tj