Dear ladies and gentlemen, friends, good morning and thank you for coming today.
I am delighted to see you here again, and let me welcome all of you to Tajikistan Resident Mission.
We have invited you today for a press conference to launch the new ADB's Country Partnership Strategy for Tajikistan for 2010–2014, which was discussed by our Board of Directors few days ago.
Let me describe the gist of the new strategy.
The five–year partnership strategy sets out a roadmap to anchor phased physical and non–physical investments to improve connectivity, energy security and private sector development, with regional cooperation as a binding theme.
The new partnership strategy will support the country's efforts to improve energy supplies. As we all know, currently, the country suffers from electricity shortages in winter and surpluses in summer, with just 10% of its considerable hydropower resources in use. ADB, as the largest multilateral development partner in the sector, will focus on rehabilitating existing infrastructure, as well as developing clean, sustainable energy to support both internal and regional demand.
The strategy will also target road improvements. ADB, which is also the largest multilateral development partner in this sector, will focus on domestic and regional road links with the People's Republic of China, Kyrgyz Republic and Uzbekistan, including improved cross border customs and transit procedures.
In the private sector, ADB will support public management reforms and measures to improve the business and investment climate for private businesses, including the use of public private investment partnerships.
ADB will continue to support the government's push to strengthen regional ties through the Central Asian Region Economic Cooperation Program, to tackle accountability and transparency issues in governance, and to address climate change and other environmental concerns.
For 2010 to 2012, ADB has earmarked public sector investments of $252 million all on grant basis, up 35% on the previous comparable period. Funding will include two energy projects totalling $142 million, two reform projects of $59 million, and one transport project of $51 million. Technical assistance of around $5.1 million is planned for the same period.
Thank you for your attention, and now I am happy to take your comments and questions.