Tajikistan, IDA sign four grant agreements totaling 116.5 million U.S. dollars

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Tajikistan and the International Development Association (IDA) have signed four grant agreement totaling 116.5 million U.S. dollars.

The press center of the Ministry of Finance says the documents were inked by Mr. Faiziddin Qahhorzoda, Finance Minister of Tajikistan and Mr. Ozan Sevimli, World Bank Country Manager for Tajikistan in Dushanbe on January 18.

Three of these documents reportedly concern grant financing for the Technical Assistance for Financing Framework for Roghun Hydropower Project (HPP) in Tajikistan (TA), grant financing for the Tajikistan Development Policy Operation (DPO), and the Tajikistan Strengthening Resilience of the Agriculture Sector Project.

The World Bank’s Board of Executive Directors on January 12 approved 15 million U.S. dollars in grant financing from the International Development Association (IDA) for the Technical Assistance for Financing Framework for Roghun Hydropower Project (HPP) in Tajikistan (TA).

The World Bank’s Board of Executive Directors on January 12 approved 50 million U.S. dollars in grant financing from the International Development Association (IDA) for the Tajikistan Development Policy Operation (DPO). The DPO will support Tajikistan’s reform program, aimed at accelerating sustainable and resilient economic growth to support poverty reduction and improvements in the quality of people’s lives.

A total cost of the Tajikistan Strengthening Resilience of the Agriculture Sector Project, the main objective of which is in strengthening the resilience of the agrarian sector and tackling food insecurity in the country, amounts to 39 million special drawing rights, equivalent to 50 million U.S. dollars.

The fourth agreement reportedly concerns the advance payment for the preparation of the Sughd Private Solar Power Project. The amount of the advance, which is intended for the preparation of a feasibility study for the project, report on the impact of the project on the environment and society, transactional advisory services and basic project qualification requirements, is 1.5 million U.S. dollars.

The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries. Established in 1960, IDA aims to reduce poverty by providing zero to low-interest loans (called “credits”) and grants for programs that boost economic growth, reduce inequalities, and improve people’s living conditions.

Source: Asia-Plus