The Islamic Development Bank (IDB) has signed a US$70 million development financing agreement with Tajikistan on the sidelines of the World Bank and
International Monetary Fund (IMF) annual meetings in Lima, Peru.
The agreement contributes towards financing a power grid network project
connecting the Central and South Asian nations. The project
aims to provide sustainable electricity flow between Kyrgyzstan,
Tajikistan, Afghanistan and Pakistan in line with their regional
economic integration framework.
It is based on the sale of surplus hydropower generated in Tajikistan and Kyrgyzstan, and is expected to impact the foreign currency income of both countries.