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The country strategy of the Eurasian Development Bank

Objective 1

Energy security

nergy security In the strategy period to 2026, the EDB will work to diversify electricity generation sources in Tajikistan and promote the country’s integration into the regional power distribution network.

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Priority 1.1

Developing small hydropower and solar energy

During the strategy period, the EDB will develop the water and energy complex by implementing its KIMPs, including the construction of renewable energy facilities (hydro and solar power plants) and the modernisation of existing generating facilities. These projects will promote Tajikistan’s energy security and integration with neighbouring countries..

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Priority 1.2

Reconstructing the grid infrastructure of the Central Asian Energy System

During the strategy period, the Bank will finance projects to develop and modernise Tajikistan’s power grids, including those that aim to reduce losses and introduce modern automated controls and metering systems.

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Objective 2

Food security and agricultural development

The EDB aims not only to improve the living standards of people engaged in agriculture by creating jobs and increasing the added value of products but also to unlock Tajikistan’s potential as an exporter of agricultural produce to EAEU countries.

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Priority 2.1

Developing small hydropower and solar energy

The EDB will foster the development of Tajikistan’s agriculture by financing projects that improve raw materials processing and increase the added value of products, including in agro-industrial clusters, and with priority given to green production. The EDB will help to set up and develop agro-industrial clusters. It will prioritise projects oriented to both domestic and foreign food markets with continuous and extensive demand. The Bank will also consider projects proposed by large cooperative associations.

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Priority 2.2

Developing the commodity distribution network and establishing wholesale logistics centres, including storage (cold storage)

The EDB plans to develop end-to-end commodity distribution infrastructure through the KIMPs; this includes projects to establish and upgrade transport and logistics hubs and wholesale distribution centres in Tajikistan, in particular its FEZ, using innovative technology and service standards. In accordance with its 2026 Strategy, the Bank, in cooperation with the EEC, will carry out a comprehensive cross-country analysis of trade and existing infrastructure. It will develop a concept for a Eurasian commodity distribution network, defining transport and logistics corridors and requirements for wholesale distribution centres in its member states, including Tajikistan. This work will inform practical moves to implement the concept and projects that could be funded by the EDB. The projects are expected to boost freight traffic and speed up freight handling, which will effectively reduce costs for all participants in the transport and logistics system and promote the transit potential and export of transport services.

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Objective 3

Diversifying industry and developing the private sector and entrepreneurship

The EDB will work to enhance industrial competitiveness, stimulate production and sales, and support SME development.

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Priority 3.1

Establishing and developing industrial enterprises in the country

During the strategy period, the EDB will stimulate Tajikistan’s industrial potential by financing projects that establish and modernise industrial facilities, including those granted concessional or preferential treatment in Tajikistan’s FEZ. In the FEZ, the Bank plans to finance joint ventures in pharmaceuticals and processing raw materials such as cotton, wool, leather, fruit, vegetables and minerals into finished goods. The EDB will also help to develop industrial clusters in Tajikistan. To promote agro-industrial clusters, the Bank will finance new manufacturing facilities that make up such clusters or intend to operate in them.

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Priority 3.2

Supporting small and medium-sized enterprises

The EDB offers loan facilities for local banks to lend on to local SMEs, including those that create and develop agro-industrial clusters.

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Objective 4

Digital transformation

The EDB will support Tajikistan’s digital agenda, supporting its integration with Eurasian countries, and will foster digital development.

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Priority 4.1

Helping to develop digital solutions to strengthen integration and promote interoperability between the countries

The EDB will focus on promoting digital interoperability and greater integration between the countries, and on synergising the digital agendas of the countries in which it operates.

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Priority 4.2

Supporting state digital projects

During the strategy period, the EDB will support digital projects that promote integration between Eurasian countries and the digital transformation of Tajikistan.

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Priority 4.3

Supporting digital projects in the corporate sector

The EDB will encourage the development of technology companies and support promising corporate digital projects in Tajikistan.

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EDB Investment Portfolio

As of August 2023

7 projects in three sectors:
Financial sector
Other sectors

11 July 2023

The Eurasian Development Bank (EDB) has released the latest issue of the Macroeconomic Review for its six member states. This regular publication provides a roundup of the macroeconomic situation and projects near-term developments in the member countries. The review also contains detailed statistics on key macroeconomic indicators.

01 June 2023
The EDB has released its Macroeconomic Outlook for the Bank’s six member states. Bank analysts anticipate that the region’s economies successful adaptation to the new environment will support their growth this year. Positive growth rates are projected for all countries in the region: Armenia expected to grow by 7.5%, Belarus by 2.2%, Kazakhstan by 4.3%, Kyrgyzstan by 4.2%, Russia by 1%, and Tajikistan by 7.9%.

11 May 2023
A new report by the Eurasian Development Bank (EDB, Bank) examines the status and opportunities for low-carbon development in Eurasia. Energy, transport, industry, and the urban environment are the four pain points that need to be addressed in the first place. Coordinating countries in their low-carbon development efforts will help to avoid regulatory costs and internal trade barriers, enhance regional cooperation in line with green economy principles, and improve the competitiveness of regional producers. International development institutions play a crucial role in implementing the green agenda in lower-middle-income countries
13 April 2023
The EDB’s new analytical report, Food Security and Agro-Industrial Potential of the Eurasian Region, proves that agriculture is a key element of the long-term economic specialisation of the Eurasian Region. Calculations demonstrate that the region not only guarantees its own food security, but by 2035, it will also be able to fully provide food for 600 million people.  To realize the region’s globally unique potential it is necessary to accelerate the development of the technological base of the agro-industrial complex, improve agro-logistics and storage systems, support major producers, stimulate cooperation among small farms, and eliminate barriers and restrictions on mutual trade within the EAEU.
23 March 2023
The Eurasian Development Bank (EDB) plans to invest not less than US $400 million in Central Asia’s water and energy complex over the next three years, said Nikolai Podguzov, Chairman of the EDB Management Board, at the UN 2023 Water Conference in New York
13 March 2023
The Eurasian Development Bank (EDB) presented the latest issue of the Macroeconomic Review for its six member states. The Macroeconomic Review is a regular publication by the EDB, which provides a snapshot of the macroeconomic situation and projects short-term developments in its member countries. The review also contains statistical information on key macroeconomic indicators
08 February 2023
The Eurasian Development Bank (EDB) presented the latest issue of the Macroeconomic Review for its six member states. The Macroeconomic Review is a regular publication by the EDB, which provides a snapshot of the macroeconomic situation and projects short-term developments in its member countries. The review also contains detailed statistics on key macroeconomic indicators
06 December 2022
Effective management of Central Asia’s water and energy complex in the Aral Sea basin becomes increasingly important every year. Coordinated approach could ease natural, economic, technical and social uncertainties in ensuring sustainable water use and reliable energy supplies. The EDB’s new report, Regulation of the Water and Energy Complex of Central Asia, scrutinises historical data and international experience to suggest five institutional solutions that would benefit all countries of the region. In particular, the report proposes to establish the project consortium to promote faster construction and more efficient operation of major hydro-electric objects and validates a model for a financial operator’s engagement in the regulation of Central Asia’s water and energy complex
29 November 2022
The EDB has published its Macroeconomic Outlook for the Bank's six member states for 2023. Bank analysts expect the region’s economies to continue adapting to the new environment. In terms of economic developments in 2023, Russia’s GDP is projected to decline by 2% while the other countries will see growth in their GDPs: Armenia by 4.2%, Belarus by 0.3%, Kazakhstan by 4.2%, Kyrgyzstan by 3.5%, and Tajikistan by 6.5%
15 November 2022
The optimal scenario for developing Central Asia’s energy system, as proposed by the Eurasian Development Bank (EDB), would reduce investment needs in the region’s water and energy complex by US $11 billion, slow increases in the average tariffs for consumers from 50 to 35 per cent, and reduce installed capacity needs from 84.0 GW to 74.8 GW, said Alexander Gareyev, Managing Director and Head of the EDB Directorate for Energy, at the Second Almaty Energy Forum

Dushanbe Representative Office

48, Aini Street, Sozidanie Business Center, Dushanbe 734024, Republic of Tajikistan

Key macroeconomic indicators as of March 2023

GDP growth
The positive factors are the expansion of industrial capacity and development programmes. The negative factor is a decline in remittances
Year-end inflation
The easing of external price pressures as well as monetary policy measures
Refinancing rate, year’s average
Slower inflation will help to lower the refinancing rate
TJS/USD exchange rate, year’s average
The exchange rate will continue to gradually weaken due to an inflation target that is higher than those set by other countries in the region, as well as the expected performance of the Russian rouble