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Thursday, April 27, 2017

ADB boosts annual Tajikistan aid by $20 million

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.

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