Tajikistan and ADB
In the Spotlight
The Asian Development Bank’s (ADB) updated 2016 to 2018 country program for Tajikistan aims to support inclusive economic growth through structural reforms to strengthen the investment climate, road and energy development, skills upgrades, and improved food security.
In 2015, Central Asian countries made strides improving the environment for cross-border e-commerce in the region.
Tajikistan needs to diversify and upgrade its production and export baskets, and increase its focus on skills development, knowledge and technology to sustain economic growth and reduce its vulnerability to external shocks, says a new ADB report.
ADB welcomed Tajikistan as a member in 1998. During 15 years of partnership with the country, ADB has helped improve the welfare of the Tajik people. The partnership has promoted social development, restored or built new infrastructure, expanded agriculture production, and encouraged regional cooperation and trade.
Landlocked in the midst of east, south, and central Asia, Tajikistan boasts some of the world’s highest mountains, which cover a staggering 93% of its territory.
In 2014, Tajikistan’s economic growth eased back from 2013 levels, but remained robust. Despite these positive economic indicators, Tajikistan’s economy remains vulnerable to external shocks caused by its narrow economic base and a heavy reliance on remittances by labor migrants.
Key development challenges facing the country include the lack of reliable power supply, unstable food security, poor transport connectivity, and low levels of private sector investment.
ADB is Tajikistan’s largest multilateral development partner, and plays an invaluable role in aligning the country’s aid with ongoing necessary reforms.
Projects in Tajikistan
- Strengthening Private Sector Participation in Technical and Vocational Education and Training
- Strengthening Technical and Vocational Education and Training
- CAREC Corridors 2, 5, and 6 Road Project (Dushanbe–Kurgonteppa)
- Wholesale Metering and Transmission Reinforcement Project
- TAJ: Promoting Financial Inclusion through Greenfield Banking–