EFSD: Central Asian countries are leading in terms of financing approved by international donors

Payrav Chorshanbiyev

In Tajikistan, nine sovereign financing transactions worth $332.4 million were recorded in the first half of this year.

This is stated in the published report of the Eurasian Fund for Stabilization and Development (EFSD) "Sovereign Financing in the Eurasian region: The first half of 2024", prepared on the basis of information from the Sovereign Financing Database (SFD).

Among them there are five technical assistance operations and four investment financing operations.

Of the total amount, $327.4 million is investment financing.

Among international financial organizations, the Islamic Development Bank accounts for the largest amount of financing ($195 million). Next are the Asian Infrastructure Investment Bank (AIIB) $75.5 million and the European Bank for Reconstruction and Development (EBRD)$56.9 million.

AIIB funds will be used for the construction of the ObigarmNurabad highway, and EBRD funding will be used for the development of green energy.

All Central Asian countries, except Turkmenistan, are among the five largest recipients of approved financing among 11 countries of the Eurasian region.

Thus, Kazakhstan is in the first place with $693.5 million, followed by Armenia ($527 million), Uzbekistan ($393.1 million), Tajikistan ($332.4 million) and Kyrgyzstan ($192.9 million).

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