Photo credit: ADB
The Asian Development Bank (ADB) has approved a $50 million grant to help Tajikistan advance key structural reforms and expand green job opportunities, especially for women.
According to ADB, the funding-provided under the Enabling Climate-Responsive Business Environment Improvement Program-will support economic diversification, improve fiscal transparency, accelerate digital transformation, and strengthen Tajikistan’s competitiveness in regional and global markets, The Caspian Post informs via Kazakh media.
ADB Country Director for Tajikistan Ko Sakamoto said the new package builds on last year’s progress and “helps the government build a more sustainable and resilient economy that benefits all citizens.”
The reforms include amendments to Tajikistan’s leasing law to boost SME financing, the development of green taxonomies, incentives for climate-friendly businesses, and a new law on organic production. The program will also enhance governance through improved climate-related fiscal reporting and the introduction of climate budget tagging.
Digital transformation is another key focus, with measures to strengthen cybersecurity, expand tech-related tax incentives, and establish a new IT park to support the digital economy.
To expand export opportunities, Tajikistan will move forward with mechanisms to support small exporters and prioritize women-led and green enterprises. The Finance Ministry has also issued the country’s first sovereign green bonds, marking a significant step toward mobilizing sustainable finance.
The initiative is being implemented in close coordination with development partners and aims to boost private sector growth and investor confidence.
ADB has been supporting Tajikistan since 1998-funding major road upgrades, irrigation systems, hospitals, schools, power transmission lines, and the rehabilitation of major hydropower plants, including Nurek.
In a separate announcement, ADB also approved a $17 million grant to help digitalize livestock farming in the country.
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