DUSHANBE, June 17, 2009, Asia-Plus – The Asian Development Bank (ADB) is currently developing a new Country Partnership Strategy (CPS) with Tajikistan for 2009-2013, which is scheduled for consideration by ADB’s Board of Directors in October, press release issued by the ADB Dushanbe Office on June 16 said.
Last week, ADB completed a CPS formulation mission, which held extensive consultations with the government, civil society, private sector, donors and other stakeholders on the proposed strategy and consequent operations program.
Indicative allocation from ADB’s Asian Development Fund for Tajikistan is estimated at $102 million all on grant basis for 2009 and 2010. ADB”s assistance program is expected to cover investments mainly in energy and transport sectors. In order to mobilize adequate resources for development, ADB will also support critical reforms in private sector development. These areas of engagement are in line with the Government”s priorities in Tajikistan’s Poverty Reduction and National Development Strategies.
“ADB is proud of the strong partnership established with Tajikistan, and we will continue to work together to promote social and economic development in the country,” said Makoto Ojiro, ADB’s Country Director for Tajikistan.
Tajikistan joined ADB in 1998. ADB has been supporting poverty reduction in the country through investments in infrastructure, agriculture and rural development, social sector, and regional cooperation. As of the end of 2008, Tajikistan received $372.50 million in loans, $33.65 million in technical assistance, and $100.77 million in grants. The investments have been accompanied by crucial policy reforms and institutional development.
ADB, based in Manila, is dedicated to reducing poverty in the Asia and Pacific region through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members – 48 from the region. In 2008, it approved $10.5 billion of loans, $811.4 million of grant projects, and technical assistance amounting to $274.5 million.
