15 May 2023 16:52

IDB plans to allocate over $450 mln to Tajikistan for priority sectors of economy

DUSHANBE. May 15 (Interfax) - The Islamic Development Bank (IDB) plans to allocate over $450 million for developing the priority sectors of Tajikistan's economy following the results of negotiations with the Tajik delegation, the press center of the country's Economic Development and Trade Ministry said in a statement.

It is reported that the Tajik delegation, headed by Economic Development and Trade Minister Zavqi Zavqizoda, and IDB President Muhammad Sulaiman al-Jasser discussed in Jeddah, Saudi Arabia, implementing projects in the areas of hydropower, transportation, education, healthcare, and other socio-economic sectors of Tajikistan.

When presenting the republic's investment opportunities, Zavqizoda appealed to the IDB president with the request to focus on priority areas, particularly on developing green energy and the Rogun hydroelectric project, on irrigating agricultural land, creating textile enterprises, producing halal products, establishing logistics centers, and developing trade and tourism.

The IDB president in turn expressed his readiness to increase funding for projects in these areas, as well as to strengthen further cooperation.

IDB representatives plan to visit Tajikistan in May-June in order to implement projects, as well as to develop a new cooperation strategy.

As noted, the IDB to date has invested $641 million in various projects in Tajikistan.