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Tajikistan and World Bank discuss cooperation, 28 projects worth $1.5bn — Daryo News

President Emomali Rahmon of Tajikistan held a meeting with World Bank Group President Ajay Banga on the sidelines of the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) in Dubai, the president’s press service reported. The discussions primarily focused on strengthening the collaboration between Tajikistan and the World Bank Group, especially in the context of climate change and sustainable development.

Photo: President Emomali Rahmon of Tajikistan with World Bank Group President Ajay BangaSource: Presidential Press Service

President Rahmon acknowledged the vital role of the World Bank in supporting Tajikistan’s efforts to address the consequences of climate change and implement preventive measures. He highlighted the importance of the World Bank’s contributions to financing adaptation initiatives, emphasizing its role as one of Tajikistan’s main development partners.

Expressing satisfaction with the existing level of cooperation, President Rahmon and President Banga delved into various areas of collaboration, including water and energy, agriculture, environment and rural development, economic policy, health, education, urban planning, and poverty reduction.

World Bank Group President Ajay BangaPhoto: World Bank Group President Ajay BangaSource: Presidential Press Service

Of particular importance was the discussion surrounding the ongoing “CASA-1000” high-voltage transmission line project, aimed at connecting the energy markets of Central and South Asia through Afghanistan. President Rahmon emphasized the need to continue this strategic project, recognizing its potential to enhance regional energy security.

Currently, the World Bank is actively involved in financing 28 projects in Tajikistan, with a cumulative investment of $1.5bn. The projects cover a wide range of sectors, reflecting the comprehensive nature of the partnership between Tajikistan and the World Bank.

President Emomali Rahmon of TajikistanPhoto: President Emomali Rahmon of TajikistanSource: Presidential Press Service

President Rahmon underscored the significance of implementing comprehensive and structural reforms in key sectors of Tajikistan’s economy, such as electrical communication, digitization, civil aviation, and the improvement of the investment environment. These reforms were identified as crucial areas for continued collaboration with the World Bank Group.

The meeting concluded with President Rahmon extending a warm invitation to President Ajay Banga to visit Tajikistan, an invitation that was graciously accepted.

 

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