DUSHANBE, February 16, 2016, Asia-Plus – According to the press center of Tajikistan’s Chamber of Commerce and Industry (CCI), the Asian Development Bank (ADB) Tajikistan Resident Mission (TJRM) has suggested that Tajikistan’s CCI should outline the main directions of partnership for creation of favorable environment for development of private sector in the country.
“The ADB is closely collaborating with the Government of Tajikistan on carrying out economic reforms, laying a special emphasis on crating favorable environment for potential foreign investors,” Mr. C.C. Yu, ADB’s Country Director for Tajikistan, was quoted as saying during a meeting with CCI Head Sharif Said.
The two reportedly discussed issues related to cooperation in attracting investment sin Tajikistan’s economy, supporting economic reforms, private entrepreneurship and training of business personnel.
ADB’s current partnership strategy with Tajikistan focuses on improved connectivity, energy security, and private sector development. In 2015, ADB approved two projects worth a total $92 million for Tajikistan, including $60 million budget support for the first phase of the investment climate reforms program and $32 million to modernize technical and vocational education and training system in the country. ADB assistance for 2016 is expected to be $70 million in support for rehabilitating the Dushanbe-Qurghon Teppa road, and improved water resource management.
Tajikistan joined ADB in 1998, and to date ADB has approved around $1.4 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, developed the microfinance market, and encouraged regional cooperation and trade.
