As reported by the Avesta Information Agency, Minister of Finance of Tajikistan, Faiziddin Kahkhorzade, and Shani Campbell, the permanent representative of the Asian Development Bank (ADB) in the country, have signed contracts for two grants totaling $71 million.
The first grant of $50 million is aimed at improving Tajikistan’s business environment, including digitization, reforms to boost exports, improved infrastructure management, and increased financial transparency. Small and medium-sized enterprises will also be supported in adapting to climate change.
The second grant of $21 million will replace the fourth unit at the Head HPP located near the city of Levakant (formerly Sarband) in Tajikistan’s Khatlon region, which failed in 2019. As a result of the upgrade, the installed capacity of hydropower is expected to increase from 240 megawatts in 2012 to 274 megawatts by 2026.
Since Tajikistan became a member of the ADB in 1998, the bank has provided more than $2.6 billion in assistance to the country, including more than $2 billion in grants. These funds were directed to the development of transport and energy infrastructure, healthcare, education, agriculture, and other important sectors of the economy.
