Tajikistan to Gain Access to Emergency Financing Under New World Bank Project
The World Bank Group has approved a Contingent Emergency Response Project (CERP) for Tajikistan, providing the country with a financial instrument designed to enable the rapid reallocation of resources in the event of crises and emergencies. According to Tajikistan’s Ministry of Finance, the mechanism allows up to 10% of undisbursed funds from the World Bank’s current investment portfolio to be redirected annually to emergency needs. This gives the government additional flexibility in managing already allocated resources. The mechanism can be activated following an official declaration of a state of emergency. However, preparations for its use are carried out in advance. Experts note that CERP eliminates the need to seek new funding sources by enabling the rapid redeployment of existing funds. These resources can be used to procure food, water, and medical supplies, provide emergency services with necessary protective equipment, and support the agricultural sector. Assistance to households affected by crises is also provided. The mechanism forms part of the broader Rapid Response Option (RRO) framework, which allows governments to swiftly reallocate funds from ongoing projects to respond to emergencies. Tajikistan has already formally adopted this instrument. The Ministry of Finance also noted that CERP will operate in conjunction with the existing Tajikistan Preparedness and Resilience to Disasters Project. According to officials, the combined use of these instruments is expected to strengthen the country’s capacity to respond to potential risks.
