• KGS/USD = 0.01150 0%
  • KZT/USD = 0.00222 0%
  • TJS/USD = 0.09386 0.64%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00222 0%
  • TJS/USD = 0.09386 0.64%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00222 0%
  • TJS/USD = 0.09386 0.64%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00222 0%
  • TJS/USD = 0.09386 0.64%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00222 0%
  • TJS/USD = 0.09386 0.64%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00222 0%
  • TJS/USD = 0.09386 0.64%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00222 0%
  • TJS/USD = 0.09386 0.64%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00222 0%
  • TJS/USD = 0.09386 0.64%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 66

Islamic Development Bank Supports Rogun HPP Project in Tajikistan

News agency Khovar has reported on the Islamic Development Bank (IDB) support in the construction of the Rogun Hydropower Plant (HPP) in Tajikistan. Dr. Muhammad Suleiman Al-Jasser, President of the IDB Group, announced this after a meeting with Tajik President, Emomali Rahmon. The meeting detailed Tajikistan's history towards economic development and outlined the country's priorities for the future. "The Islamic Development Bank has cooperated closely and successfully with Tajikistan for many years. Financing under this agreement has amounted to more than $900 million. We are satisfied with the current level of cooperation. One of the projects under consideration today is support for the Rogun Hydroelectric Power Plant project. The Islamic Development Bank has decided to sign an agreement with the Government of the Republic of Tajikistan,” Muhammad Suleiman Al-Jasser stated. Al-Jasser noted that IDB funds allocated to Tajikistan are directed to energy, education, industry, agriculture, transportation, and other key economic sectors. “We are confident that the current cooperation will be expanded and will serve as an invitation to other participants and investors,” Al-Jasser concluded.

Farms in Tajikistan Being Abandoned Due to Lack of Money

Farmers in Tajikistan are being forced to abandon their farms, explaining that there is no way to earn a living from them. One farmer in the Sino Dekhkan farm in the Vosei district said he was forced to stop operating because of financial problems. “I used to take a loan from Amonatbank to run my business. But they don't give loans anymore. They say you are already old; you will die, and who will pay you back? The land has been standing for two years. It's a cotton field. I haven't found a single somoni for sowing,” the man said. Another problem, farmers say, is the shortage of irrigation water, and the situation only worsens yearly. “I have not been on my land for three years. Because there is no water in the canal. The Nazar State Farm, in Kukhnashahr, takes all the water, and we don't have a drop left,” complained a resident of Kamolobod village in Kulyab. Farmers in Sughd region, adjacent to Dushanbe, face the same problem. Some farmers complain that the authorities force them to plant crops to their detriment. As a result, they say, they not only do not make a profit but also remain at a disadvantage. Economist Foziljon Fatkhulloyev said the agriculture industry will only develop once farmers are given more benefits and preferences. “They give benefits, for example, for six months, but do not consider that farmers' profits do not cover their expenses. If they provide more benefits, the prices of agricultural products on the market would be reduced by 5-10 percent. They should at least give agrarians tax breaks,” he suggested. About 70% of Tajikistan's population lives in rural areas, and developing the agricultural sector will help solve many of its residents' socio-economic problems. Agriculture and labor migration are a source of income for many families. Data is needed on how many farms were forced to close last year, and how many farmers still need to yield products. Representatives of Tajikistan's Ministry of Agriculture do not comment on the situation. At press conferences, the ministry's leadership reports on the development of agriculture and the success of farms.

In Unequal Relationship, Trade Turnover Between Tajikistan and Russia Increases

From January to April 2024, Russia retained the status of Tajikistan's leading trade partner, with trade between the countries increasing by 24.2% compared to the same period last year and reaching $636.8 million, according to the Statistics Agency under the President of Tajikistan. Symptomatic of the deeply unequal relationship is that during this period, Tajikistan bought Russian goods worth $600.7 million, while the Russian Federation only bought $36.1 million from Tajikistan. According to the Statistics Agency, Tajikistan's other top trading partners are China (+19.7%, up to $548.7 million), and Kazakhstan ($441.6 million). From January to April, Tajikistan's total foreign trade volume exceeded $2.7 billion, an increase of 28.7% compared to last year.

Kyrgyzstan Plans to Export Electricity to Pakistan Next Year

Kyrgyzstan's energy ministry has presented a project to develop the country's National Energy Program until 2035. As part of this project, both Kyrgyzstan and Tajikistan will export electricity to Pakistan next year. The CASA-1000 (Central Asia - South Asia) program plans to supply electricity to Afghanistan and Pakistan. The Kyrgyz side forecasts that around 1.25 billion kilowatt-hours of summertime electricity will be exported to South Asia in 2025. In summer Kyrgyzstan's reservoirs are full, and hydroelectric power plants produce a lot of electricity, which has nowhere to go -- unlike in winter, when there is an electricity shortage in the country. At the same time, officials plan to increase electricity production and exports yearly. In 2026 supplies are expected to grow to 1.7 billion kWh. Electricity exports starting from 2028 will average 1.75 billion kWh. At the beginning of this year Kyrgyzstan signed a joint declaration with Pakistan and Tajikistan to resume the CASA-1000 project. It began constructing high-voltage power lines near the border with Tajikistan, after construction had been halted due to the border conflict between Bishkek and Dushanbe. Power lines were also resumed in Afghanistan, where construction was also stopped after the Taliban came to power.

AIIB Forwards Construction of Strategic Bridge in Tajikistan

The Asian Infrastructure Investment Bank (AIIB) has approved a loan equivalent to US $75.5 million to Tajikistan for the construction of a 920-meter-long bridge and approach routes on the Obigarm-Nurobod section of M41 International Highway. The bridge is the first of such magnitude in Tajikistan and a critical component of the county’s road network. Linking Corridors 2, 3 and 5 of the Central Asia Regional Economic Cooperation Program, it will provide essential connections between Tajikistan’s landlocked terrain and neighbouring regional markets. Designed to withstand all weathers, the bridge will connect over 350,000 residents of the northeast region of Tajikistan to the capital Dushanbe, as well as the border of Kyrgyzstan. To align with Tajikistan’s National Development Strategy, the government has prioritized its timely completion and construction of the 75-kilometer Obigarm-Nurobod section has been divided into three phases to ensure synchronized implementation. Illustrative of a collaborative approach to advancing sustainable development and enhancing connectivity in Tajikistan, AIIB has fostered close coordination with other financiers, including the Asian Development Bank, OPEC Fund for International Development and European Bank for Reconstruction and Development. Lauding the initiative, Konstantin Limitovskiy, AIIB’s Vice President for Investment Operations in Region 2, commented: “The project aligns with two core thematic priorities of AIIB. First, it contributes to cross-border connectivity by establishing vital cross-border links with improved road safety along Tajikistan's essential corridor and ensuring connectivity between regions. Secondly, it embraces green-finance principles by integrating environmentally and socially responsible practices and promoting resilient sustainable mechanisms in the road infrastructure development.”    

Mining Output Grows in Tajikistan

Mining output in Tajikistan has grown by more than 18% over the past year. Enterprises in the mining and precious metals industry for the first four months of 2024 produced quantities worth 4.3 billion somonis ($398.6 million), which is 667 million somonis ($61.7 million) or almost 19% more than the same period in 2023, Sputnik has reported. According to Muhammadvalishokh Makshulov, a spokesman from the ministry of industry and new technologies, the demand depends primarily on increasing enterprises' capacity and creating new directions in their work. According to the ministry, last year the company Zarafshon launched a metallurgical plant to produce metallic copper, built on the most modern technologies in the world, thanks to the acquisition of more than $119 million. Also, on 5 July 2023, the enrichment plant of TVEA Dushanbe Mining Industry LLC, with a capacity of processing 900,000 tons of ore per year in the Ayni district of the Sughd region, started operating. This company started production at two mines: Kumargi Bolo and Duobai Sharqi. The first mine is located at an altitude of almost 4,000 meters, and the second is at 2,300 meters. Last year, with the attraction of $43 million in foreign capital, construction began on the second stage of a metallurgical plant to produce lead, silver, and copper for the Tajik-Chinese mining and industrial company. Currently 21 companies are engaged in the mining and processing of minerals and precious metals in Tajikistan, seven of which are active due to Chinese investments. About 12,500 people work in the business of mining and processing minerals and precious metals. Of these, 11,500 are Tajik citizens, and the rest are Chinese.

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