EDB Will Create a Separate Strategy for Work in Tajikistan

1 year ago Web Desk 0

The Eurasian Development Bank (EDB) intends to create a separate strategy for working in Tajikistan.

The decision was made during a meeting of the EDB Council in Almaty, which was attended by Deputy Finance Minister Yusuf Majidi.

“A working discussion of the strategy for Tajikistan is planned to be held with the participation of the employees of the Ministry of Finance and all interested parties. The need for such a document is due to the specifics of the country’s economic development, and in particular, specific macroeconomic parameters against which EDB’s credit and financial cooperation with the republic proceeds,” said EDB Director for Tajikistan Nikolay Nikulin.

EDB Council’s meeting also focused on the approval of the bank’s strategy for 2022–2026. In the coming period, EDB will focus on the implementation of cross-border investment projects with an integration effect. The total volume of the bank’s investments over the five-year period will amount to $ 10.9 billion. EDB’s efforts will be aimed at implementing such large investment projects as the Europe-Western China transport and digital corridor, the EAEU + unified commodity distribution network, and the water and energy complex of Central Asia.

With a view of sustainable development, EDB will expand its project activities in countries of minority shareholders, bringing the total amount of investments in Armenia, Kyrgyzstan and Tajikistan to $ 500 million.

One of the priority areas of EDB’s work will be the further development of digital competencies and infrastructure as part of the formation of the EAEU + Common Digital Space.

By 2027, EDB intends to become a leader in initiating, structuring and arranging financing for new projects in the region with the participation of national and international development institutions. Also, in order to obtain a credit rating of category A, the plan is to expand the composition of shareholders and attract additional funds to the bank’s capital.

The Eurasian Development Bank (EDB) is an international financial institution carrying out investment activities in the Eurasian space. EDB member countries are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan.

 

Source: National information agency of Tajikistan