EDB agrees to increase investment in Tajik economy

428 views Society 0

The Eurasian Development Bank will increase investments in the economy of Tajikistan, the press service of the Ministry of Economy and Development of Tajikistan reports.

The agreement was reached following a meeting between the head of the Ministry of Economy and Development, Zavki Zavkizoda, and the Deputy Chairman of the Board of the Eurasian Development Bank, Denis Ilyin.

Zavkizoda noted that cooperation with the bank plays a crucial role in the Tajik economy and requested an increase in financing for key projects in the energy sector, industry, exports, and digitalization.

The representative of the Eurasian Development Bank, in turn, assured that the bank is ready to increase the amount of financial injections to up to 3% of the total investment portfolio.

To date, the Eurasian Development Bank and its structures in Tajikistan have implemented 13 investment projects with a total value of 266.4 million dollars.

Earlier, analysts from the Eurasian Development Bank stated that the Tajik economy will continue to experience confident growth due to the development of the industry and an increase in domestic demand.

According to the forecast, the expansion of capacities in key industrial sectors and the implementation of state programs will lead to a high annual GDP growth rate of 7.9%.

The refinancing rate will remain at 10% amid slowing inflation, and the average annual exchange rate of the dollar is expected to be around 10.8 somoni.

CentralasianLIGHT.org

July 27, 2023