BAKU, Azerbaijan, August 13. The Eurasian Fund
for Stabilization and Development (EFSD) will provide Tajikistan
with a $200 million loan to support the country’s state budget and
strengthen public finances.
This was reflected in a statement by the Ministry of Finance of
Tajikistan.
According to the ministry, the loan agreement was signed in
Dushanbe on August 13 by Tajikistan’s Finance Minister Faiziddin
Kahhorzoda and EFSD CEO Iaroslav Mandron.
The financing will be provided in three tranches, with $100
million to be disbursed in the first stage and $50 million each in
the second and third stages.
The funds are expected to support the stability of Tajikistan’s
public finances and help the government meet its social
obligations.
“The financing will be aimed at maintaining the sustainability
of public finances and fulfilling social commitments,” the Finance
Ministry said.
The agreement comes as Tajikistan continues efforts to
strengthen fiscal stability and ensure sufficient resources for key
government expenditures. Budget support from international
financial institutions can provide additional fiscal space while
helping the government maintain the implementation of social
programs.
The three-stage structure of the financing will allow the funds
to be provided progressively as the agreed conditions and
requirements are met, while supporting the government’s budget
needs over the implementation period.
The agreement further strengthens financial cooperation between
Tajikistan and the EFSD and provides the country with additional
external financing to support fiscal stability.
The EFSD is a multilateral financial institution established in
2009 to support economic and financial stability in participating
countries.
