The Asian Development Bank (ADB) said Thursday that it plans to boost its annual pledged support to Tajikistan by $20 million in 2015.
With this addition, the bank will give the country $79 million. Primarily, this will be used to develop and enhance rail and waterways, and provide development measures for the public sector.
“Based on the country's recent performance assessment, ADB is increasing its annual allocation to Tajikistan. The final amount may still change subject to further discussions with the government and funding availability," ADB Director for Tajikistan C.C. Yu said.
The technical and vocational education offices will receive $20 million to improve their quality and efficiency. In addition, a $30 million project is in the works to improve water management in the Chubek irrigation area, and $9 million will be used on a new railway project.
The remaining $20 million will be used within the government's budgetary support program, which aims to reform and improve the investment climate.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme