The World Bank on May 3 approved of $225.7 million in financing from the International Development Association (IDA) for the Nurek Rehabilitation Project. According to the World Bank Dushanbe Office, the World Bank financing, one-quarter in grants and three-quarters in credits, will refurbish the Nurek Hydropower Plant (HPP) that will help secure electricity supply in…
The National Bank of Tajikistan (NBT) has stopped operations of six more lending agencies. On May 1, Tajik central bank issued resolution on withdrawing licenses of the microlending agencies Asrina (Khujand) and Armon (Dushanbe). Asrina and Armon reportedly failed to comply with the NBT’s minimum capital requirements for the microlending organizations and the NBT withdrew…
Tajikistan’s investment portfolio now includes 68 projects totaling 2.85 billion according to the State Committee on Investments and State-owned Property Management (GosKomInvest). Tajikistan’s investment portfolio, in particular, includes 25 grant based projects, 16 loan based projects and 27 mixed-finance projects. “More than $1.2 billion have been drawn in the framework of these projects since the…
Tajikistan’s largest commercial banks – Tojik Sodirot Bonk (TSB) and Agroinvestbonk – will hardly recover from recent shocks quickly. It will take them years to restore their financial assets. Two other distressed banks – Tajrpombank and Fononbank – have been declared bankrupt. Until recently TSB and Agroinvestbonk have occupied a half of the country’s banking…
Over the first quarter of this year, Tajikistan’s national budget has received some 145 million somoni less than originally planned. In January-March, the budget reportedly stood at 4.862 billion somoni, or 97.1% of the planned volume. It means that the budget was expected to receive 5.007 billion somoni over the first three months of this…
Russia’s Yamal Airlines says it is expected to resume flights to Tajikistan from Zhukovsky Airport in early summer. “We are currently preparing application for permission for transit flights via Tajikistan’s air space. As soon as we receive affirmative reply we will start selling tickets. We plan to launch flights to Tajikistan in late May or…
Saudi Arabia will award a $200 million grant to Tajikistan for construction of parliamentary and governmental complexes in Dushanbe, a source in the Tajik government reported. A new parliamentary complex will be built in the place where the Ministry of Agriculture, Dushanbe Mayor’s Office, Iranian Embassy and a number of residential and administrative buildings are…