BAKU, Azerbaijan, November 1. Tajikistan and
the European Bank for Reconstruction and Development (EBRD) are
working on a multi-year investment roadmap for 2026–2030 with a
planned volume of $900 million, according to the press service of
the President of Tajikistan.
The figures were discussed at a meeting in Dushanbe on October
27 between President Emomali Rahmon and EBRD Vice President for
Banking Matteo Patrone.
The sides emphasized that the bank’s cumulative investments in
the country have exceeded €1.1 billion since it began operating
there in 1993.
Furthermore, the sides underlined the importance of the
memorandum of understanding on the roadmap, signed in September by
Finance Minister Faiziddin Kahhorzoda and EBRD President Odile
Renaud-Basso.
Emomali Rahmon called the EBRD an important partner in
developing the economy, infrastructure and private sector. He asked
for more direct financing for manufacturers, and for affordable
long-term loans for small and medium-sized businesses, especially
in the regions. The sides also discussed lending in national
currency and preparing domestic companies to issue bonds.
Other topics included drinking water supply, wastewater and
irrigation upgrades, governance of state-owned enterprises,
public-private partnership projects, education and
digitalization.
According to Trend’s calculations, the planned $900 million roadmap
implies EBRD financing of about $180 million a year in Tajikistan
in 2026-2030, up around 75% from the nearly $103 million the bank
signed in the country in 2025. In euro terms, the plan equals
roughly 70% of the bank’s entire cumulative investment in
Tajikistan since 1993, which has exceeded €1.1 billion. The roadmap
would equal about 1 percent of GDP a year, based on 2025 GDP of
around $17.7 billion, and would place the EBRD close to the Asian
Development Bank, which plans around $1.1 billion, or about $220
million a year, for the same period.
