Tajikistan and ADB
In the Spotlight
President Emomali Rahmon inaugurated the new 500-kilovolt switchyard built with the support of ADB at the Nurek hydropower plant. He was joined at the inauguration ceremony by ADB Country Director for Tajikistan, C.C. Yu. ADB provided a nearly $55 million grant for the switchyard project, with the Tajik government and Barki Tojik contributing $12.1 million.
According to the Asian Development Outlook 2016 report, Tajikistan's economic growth is forecast to slow further in 2016, reflecting the need for accelerating reforms to develop competitive industries and exports, and to create jobs.
ADB has signed a $1 billion framework agreement with the Eurasian Development Bank to expand cofinancing activities in Armenia, Kazakhstan, Kyrgyz Republic, and Tajikistan. The agreement was signed by ADB President Takehiko Nakao and EDB Chairman Dmitry Pankin.
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