DUSHANBE, Tajikistan, November 9. The European Bank for Reconstruction and Development (EBRD) has announced a 1-billion-euro investment in Tajikistan's economy, Trend reports, citing the bank.
“We have invested 1 billion euros in Tajikistan’s economy. Over more than 30 years of work in Tajikistan, the EBRD has implemented 182 projects across various sectors. Of these, 62 percent went toward sustainable infrastructure, and 38 percent supported the private and financial sectors in Tajikistan,” the bank said.
Among the key programs the EBRD has introduced in Tajikistan are “Green Cities,” which helps tackle environmental challenges and supports investment in municipal infrastructure; the “Trade Facilitation Programme”; “Risk Sharing Mechanism”; “Small Business Advisory”; and initiatives like “Women in Business” and “Youth in Business,” along with Star Venture. These efforts aim to strengthen private sector support and foster women’s and youth entrepreneurship in Tajikistan.
“Our infrastructure projects have provided clean, safe drinking water to 400,000 people in 13 municipalities. In addition, the climate-resilient reconstruction of the Qairoqqum Hydropower Plant will soon supply electricity to approximately 500,000 people,” the bank added.
The EBRD is also bolstering Tajikistan’s banking sector. The first phase of the “Green Economy Financing Facility” (GEFF II) was successfully completed, and the second phase is underway, offering financial institutions support for green lending.
The bank emphasized that its current 2020-2025 strategy prioritizes addressing Tajikistan’s macroeconomic environment, business climate challenges, and the country’s climate vulnerability.
In 2022, 67 percent of the EBRD’s investments in Tajikistan were green, and notably, Tajikistan became home to the EBRD’s first “green taxi” project, the first of its kind in all EBRD-supported countries.