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&TRADE IN TAJIKISTAN


T


ajikistan is a landlocked country bordered by Afghanistan, China,


Kyrgyzstan and Uzbekistan. Between 2000 and 2018, the central Asian nation’s poverty rate fell from 83 percent of the population to 27 percent, according to the World Bank, while the economy grew at an average rate of 7 percent per year. Among the Tajikistan government’s


long-term development aims is the ambition to turn the country into a transit hub by developing infrastructure and creating transit corridors. To support this goal, the OPEC Fund recently signed a US$40 million public sector loan agreement with Tajikistan to co-finance a major project that will enable the country to increase connectivity and boost trade. The loan will contribute to financing the Obigarm-Nurobod road, along with funding from the Asian Development Bank and the government of Tajikistan. The road is part of the Central Asia Regional Economic Cooperation (CAREC) Program that links landlocked and mountainous Tajikistan to global markets. It connects the capital Dushanbe to the northeast region of Tajikistan and the Kyrgyz Republic, and safely bypasses a reservoir and hydroelectric dam that is currently under construction. The OPEC Fund’s contribution will be directed toward the construction of a 30


28 PHOTO: ADB “


km-stretch of road linking Obigarm to Tagikamar, two tunnels totaling 3.3 km in length and 30 km of all-weather village access roads, including bridges. The road will be climate-resilient and built to international safety standards. The OPEC Fund has supported


development operations in Tajikistan since 1997 and has approved close to US$103 million in public sector finance during this time.


Tajikistan has made solid progress in growing its economy and reducing poverty, and we are proud to have been a part of this journey. This project supports the government’s national development strategy and provides a powerful engine for inclusive economic growth. It contributes to Sustainable Development Goal (SDG) 9 on industry, innovation and infrastructure, and SDG 8 on decent work and economic growth.


OPEC Fund Director-General Dr Abdulhamid Alkhalifa


TRANSIT


PHOTO: OPEC Fund/Musab Alomar


PHOTO: OPEC Fund/Musab Alomar


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