DUSHANBE, March 18, 2015, Asia-Plus — Tajik President Emomali Rahmon today received Mr. Umesh Kumar, Executive Director at the Asian Development Bank (ADB).
According to the Tajik president’s official website, the two discussed state and prospects of further expansion of cooperation between Tajikistan and the Bank.
A special attention was reportedly paid to the ADB-Tajikistan Partnership Strategy, which will cover 2016-2020.
Under this partnership strategy, the ADB will provide more than 240 million U.S. dollars to Tajikistan in 2015-2017, the source said.
The ABD is expected to provide assistance for implementation of the Tajik government’s anti-crisis program.
The sides reportedly also discussed issues related to possible financing of projects aimed at rehabilitating the Dushanbe-Qurghon Teppa and Dushanbe-Nourobod highways.
Mr. Umesh Kumar has been an Executive Director at Asian Development Bank since May 2013.
We will recall that the ADB has agreed to boost its assistance to Tajikistan by around $20 million in 2015, raising its full year planned assistance program to $79 million. The 2015 assistance will be used to support development of the private sector, railways and water resources, and to help strengthen the investment climate.
Tajikistan joined ADB in 1998 and, to date, ADB has approved total assistance of around $1.3 billion in concessional loans, grants, and technical assistance to the country. The ADB-Tajikistan partnership has promoted social development, upgraded and built new infrastructure, expanded agricultural production, and encouraged regional cooperation and trade under the CAREC Program.
