June 24, 2019, 14:23
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AKIPRESS.COM - The World Bank's Board of Executive Directors approved $67 million in grant for the implementation of two projects that aim to address fragility risks and increase social resilience in Tajikistan's vulnerable regions. The grant financing of $30 million for the Rural Economy Development Project and $37 million for the Socio-Economic Resilience Strengthening Project were allocated from the International Development Association's (IDA) Risk Mitigation Regime. The projects will be implemented in Tajikistan's southern Khatlon region and eastern Gorno-Badakhshan Autonomous Oblast (GBAO), which both border Afghanistan.
"We worked closely with the Government of Tajikistan and other partners to identify risks that may hamper Tajikistan's growth and developed a set of interventions aimed at increasing opportunities for vulnerable groups and reducing the risk of social and economic exclusion of remote communities," said World Bank Country Manager for Tajikistan Jan-Peter Olters.
The Rural Economy Development Project will help develop increased income opportunities for local populations by investing in two sectors with large potential in GBAO and Khatlon - tourism and agribusiness. The project will also support public investment in infrastructure at cultural sites and allow for grants to communities for improving small local agribusiness infrastructure, including local markets.
Tajikistan is among four countries globally which have received additional funding to its regular allocation to address the risks of Fragility, Conflict and Violence, under the World Bank's Risk Mitigation Regime (RMR) program. Under the RMR, Tajikistan has received $98.7 million for three projects, two of which were approved today, while the third project will be under consideration by the World Bank Group's Board of Executive Directors in July 2019.
The World Bank's active portfolio in Tajikistan includes 17 projects, with net commitments of $683 million.
