Tajikistan plans to borrow $850mn in 2018-2020, Asia-Plus news agency reported on November 15, citing Tajik Finance Minister Abdusalom Korboniyon.
The funds will be allocated for “the country's exit from a communication impasse, achieving energy independence and ensuring food security”, the report said. The financing is likely to cover part of the Rogun hydropower dam construction - a 3,600MW hydropower project, complete with the world's tallest dam. The project is meant to end the country’s winter energy shortages as well as support its objective to become a regional energy exporter via the CASA-1000 project.
Central Asia's poorest nation in September raised $500mn from its inaugural international bond priced at 7.125% for a 10-year term. The proceeds from the bond are also aimed at the Rogun project.
The finance minister also noted that Tajikistan has spent $140mn on debt servicing since the beginning of this year.
The largest creditors of the country include the Chinese Export-Import Bank ($1.2bn), the World Bank ($300mn), the International Monetary Fund ($107mn), Asian Development Bank ($225mn) and the Islamic Development Bank ($110mn).
Related Articles
Construction work on $4.6bn Trans-Afghan Railway could reportedly be under way within six months
Construction work on the proposed Trans-Afghan Railway could be under way within six months, while the project could cost around $4.6bn to deliver and cut shipping transit times from Uzbekistan to ... more
Unusually intense heatwave hit Central Asia in March, may impact crop yields
Central Asia experienced an unusually intense heatwave in March that could have an impact on agricultural crop yields, according to an April 4 ... more
Tajikistan jails editor-in-chief of independent publication for 10 years on “trumped-up” charges
The editor-in-chief of Paik, the only independent publication in Tajikistan’s southwestern Khatlon region, has been sentenced to 10 years in prison, Radio Ozodi ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
23 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
2 months ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago