Islamic Development Bank will allocate 250 million dollars

The Islamic Development Bank will finance four major projects in Tajikistan, including the construction of the Rogun Hydroelectric Power Station.

Photo: Internet

On February 6, the President of the Republic of Tajikistan Emomali Rahmon met with the Vice President of the Islamic Development Bank, Dr. Mansur Mukhtar, who was in the country on a working visit.

According to the press service of the President of Tajikistan, during the meeting the parties discussed “issues of cooperation in the development and implementation of the Partnership Strategy between Tajikistan and the Islamic Development Bank, the need for financing measures to recover from the post-pandemic crisis, reducing the impact of external factors on our economy, preventing and eliminating natural disasters, which in most cases cause significant economic and financial losses and even result in human casualties.”

“This year, the Islamic Development Bank will provide $250 million for the implementation of four projects, which are primarily aimed at realizing important projects of the Republic of Tajikistan, including the Rogun Hydroelectric Power Station,” emphasized the Vice President.

Photo: Internet

He noted that during the period of cooperation with Tajikistan, the Islamic Development Bank financed 92 projects totaling more than $620 million in education, healthcare, energy, transport, irrigation, and other sectors.

The Islamic Development Bank, headquartered in Jeddah, Saudi Arabia, was established in 1973 and is an international financial organization. Among the 57 member states, the largest shareholder is Saudi Arabia. Tajikistan became a shareholder of the bank in 1996.