Tajikistan joined the World Bank in 1993 and the International Development Association (IDA) in 1994. Since 1996, the Bank has provided approximately US$1,023 billion in IDA credits, grants, and Trust Funds, of which some US$788 million have already been disbursed.
The current World Bank Group Country Partnership Strategy (CPS) for Tajikistan for 2015-2018 with a tentative program of US$280 million supports the transition to a new growth model led by private sector investment and exports and aimed at improving the income-earning opportunities of the poorest 40 percent of the population. The three main pillars of the CPS include:
- Promote private sector–led growth by improving the investment climate and strengthening competitiveness in key sectors to attract investment and create jobs;
- Promote social inclusion by increasing access to improved social services, including education, health, social assistance, water supply, and sanitation;
- Enhance regional connectivity to increase the country’s access to regional markets and to global information and knowledge.
Mainstreaming climate change, governance and narrowing the gender gap will remain important measures across all sectors of the CPS.
Trust Fund activities complement the Bank assistance program and finance a wide range of projects in key strategic sectors, including education, energy, agriculture, food security, and the social sectors. Forty projects in Tajikistan’s portfolio are funded by TFs for the total amount of US$61 million.
In addition, as an institution of global expertise in development, the World Bank Group invests heavily in research and analytical work. The produced analytical material - over 40 publications since 2000 and advisory services on private sector development - bring global expertise in areas such as health, education, energy, agriculture, investment strategies and climate change.
As of March 2015 the World Bank Group’s active portfolio in Tajikistan includes 21 projects totaling US$283.4 million. The largest share of the portfolio is in agriculture (24 percent), followed by urban and rural development (21 percent), transport (16 present), governance and economic policy (9 percent) environment and natural resources (7 percent), education (6 percent), health and social protection (6 percent), water (6 percent), the private sector (4 percent) and social protection and labor (1 percent). Since 1996, the World Bank provided over US$1 billion in grants and highly concessional credits from the International Development Association and trust fund resources to Tajikistan.
Tajikistan became a member of IFC in 1994. IFC works with private sector clients, government, and civil society to bring the benefit of global expertise to Tajikistan through its advisory services and selected investment projects. IFC, with its focus on private sector development, has an important role to play in supporting inclusive growth and job creation in Tajikistan.
Since 1997, IFC has invested US$192.5 million to support 52 private sector projects in the financial, hydropower, retail, tourism, telecom and manufacturing sectors. Since 2004, IFC has also implemented advisory services projects focused on the legal and regulatory infrastructure of small and medium enterprises, credit bureau development, leasing, agricultural finance, and infrastructure development through public-private partnerships.
Tajikistan became a member of MIGA in 2002. MIGA has not so far provided any political risk guarantees for investment projects in Tajikistan.