DUSHANBE, June 2, 2015, Asia-Plus – The Annual Country Portfolio Performance Review, which was conducted by the Asian Development Bank (ADB) and the Government of Tajikistan recently, notes that the performance of projects and programs supported by the Asian Development Bank (ADB) in Tajikistan remains strong.
The projects have successfully helped improve people’s lives through better road connectivity and more reliable power supply.
According to the ADB Tajikistan Resident Mission (TJRM), the findings of the Annual Country Portfolio Performance Review were presented at a meeting with government officials, project implementation units, and ADB staff last week.
The meeting was reportedly co-chaired by Mr. Qodir Qosim, Chairman of the State Committee on Investments and State-owned Property Management, and Mr. C.C. Yu, ADB’s Country Director for Tajikistan.
The Government and ADB successfully resolved issues identified during previous portfolio reviews, including strengthening monitoring and evaluation capacity of implementing agencies, and improving project linkages to sector institutional frameworks.
The review also shows improvements in many areas of ADB operations, including timely submission of audited financial statements and better safeguard performance. The Government and ADB will continue to further improve procurement processes for projects and programs, with ADB planning a procurement risk assessment for Tajikistan in 2015.
Tajikistan joined ADB in 1998 and as of December 31, 2014, ADB’s cumulative commitments to Tajikistan totaled around $1.3 billion comprising 23 loans for $373 million, 27 grants for $853 million, and 75 technical assistance grants for $51 million. Around 83% of ADB’s portfolio is concentrated in three key sectors: energy (36%), transport (35%), and agriculture and natural resources (12%).
ADB, based in Manila, dedicates itself to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members – 48 from the Asia-Pacific region. In 2014, ADB assistance totaled $22.9 billion, including cofinancing of $9.2 billion.
