Islamic Bank invests in construction of Rogun hydroelectric power plant in Tajikistan

The Islamic Development Bank (IDB) will provide $ 250 million for the implementation of four projects in Tajikistan, including the construction of the Rogun HPP. This was stated by the bank's vice president for country programs Mansur Mukhtar at a briefing following a meeting with President Emomali Rahmon, which took place on Monday, the press service of the head of state reports.

"This year, the Islamic Development Bank will provide $ 250 million for the implementation of four projects, which are primarily aimed at the implementation of important projects of the Republic of Tajikistan, including the Rogun hydroelectric power station," Mukhtar said. "In this direction, the IDB is stepping up work to attract investments from other structures and financial institutions in the Rogun HPP project," the Vice President stressed.

He noted that during the period of cooperation with Tajikistan, the IDB has financed 92 projects worth more than $ 620 million in education, healthcare, energy, transport, irrigation and other areas.

Earlier it was reported that the head of state discussed with the Vice-President of the IDB issues of cooperation on the development and implementation of a partnership strategy between Tajikistan and the bank, financing measures to recover from the pandemic, reducing the impact of external factors on the economy.

The IDB was founded in 1973 and is an international financial organization. Among the 57 states — shareholders of the bank, the largest is Saudi Arabia. Tajikistan became a shareholder of the bank in 1996.