Energy, Transport Lead the Way as Performance of 2017 ADB-Funded Projects in Tajikistan Remains Strong | Asian Development Bank

Energy, Transport Lead the Way as Performance of 2017 ADB-Funded Projects in Tajikistan Remains Strong

News from Country Offices | 22 February 2018

DUSHANBE, TAJIKISTAN (22 February 2018) — Energy and transport sectors remained the largest recipients of the Asian Development Bank (ADB) financing in 2017 in Tajikistan, accounting for 48.3% and 31.7%, respectively, of all projects under implementation, according to the findings presented during the annual country operations review by ADB and the Government of Tajikistan.

The review meeting, which was held in Dushanbe today and attended by government officials, project implementation units, and ADB staff, assessed the performance of projects funded by ADB in the country over the past 12 months. Participants agreed that performance of all ADB-funded projects last year remained satisfactory.

“ADB appreciates the government’s strong ownership of our joint operations,” said Pradeep Srivastava, ADB Country Director for Tajikistan, who jointly chaired the meeting together with Farrukh Hamralizoda, Chairman of the State Committee on Investments and State Property Management. “Tajikistan has one of the best performing portfolios across ADB, and maintaining this good performance is very critical.”

ADB’s ongoing portfolio in Tajikistan in 2017 included 13 projects and one program amounting to $759 million, financed from 17 grants ($643 million) and four loans ($116 million). Apart from energy and transport, ADB financing also focused on public sector management (6.7%); agriculture, natural resources, and rural development (6.6%); education (4.2%); and finance (2.5%). There were also 7 technical assistance grants totaling $13 million.

The meeting also discussed common issues affecting projects, with participants agreeing on implementing concrete actions to address those. One of the issues includes the need for ADB and the government to address pending taxation issues faced by projects, causing delays in award and execution of contracts which may have adverse impacts on project implementation in future.

ADB is celebrating 20 years of development partnership with Tajikistan in 2018. To date, ADB has approved over $1.5 billion in concessional loans, grants, and technical assistance to the country. ADB and Tajikistan’s development partnership, which began in 1998, has restored and built the country’s new transport and energy infrastructure, supported social development, expanded agricultural production, and improved regional cooperation and trade.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members—48 from the region.