IDB will allocate $450 million to Tajikistan: where will the money go

An agreement was reached at the IDB forum in Saudi Arabia to allocate a large amount to Tajikistan for the implementation of priority economic projects

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 President of the Islamic Development Bank Muhammad Suleiman al-Jasser in Jeddah, the press service of the Ministry reports.

The parties discussed the development of such areas of the economy as 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 and a set of issues related to climate change prevention 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 press service notes.

Tajikistan increases cooperation with the Islamic Development Bank

Earlier, the Islamic Development Bank group allocated $641 million for investment projects in various sectors of the Tajik economy, including $150 million in 2023 for the construction of the Rogun hydroelectric power station.

The head of the bank said that an IDB delegation would visit Tajikistan in May-June to discuss the implementation of several projects.

Source: tj.sputniknews.ru