Eng - UNDP in Tajikistan

DEVELOPMENT PARTNER PROFILE
Multilateral
Islamic Development Bank
Contact: Mr. Nik Zainal Abidin
Director Islamic Development Bank Regional Office Almaty
Tel: +7-7272-7000 Fax: +7-7272-501-303
E-mail: idb_roa@nursat.kz
Website: www.isdb.org
Organization Profile
IDB was established in 1973 and formally opened in 1975. The purpose of the Bank is to foster the economic development and social
progress of member countries and Muslim communities individually as well as jointly in accordance with the principles of Shari'ah i.e.,
Islamic Law. The present membership of the Bank consists of 56 countries, which are simultaneously the members of Organization of Islamic
Conference. The functions of the Bank are to participate in equity capital and grant loans for productive projects and enterprises besides
providing financial assistance to member countries in other forms for economic and social development. The Bank also operates with the
special funds for specific purposes including a fund for assistance to Muslim communities in non-member countries, in addition to setting up
trust funds. The Bank is authorized to accept deposits and to mobilize financial resources through Shari'ah compatible modes. It is also
charged with the responsibility of assisting in the promotion of foreign trade especially in capital goods, among member countries; providing
technical assistance to member countries; and extending training facilities for personnel engaged in development activities in Muslim
countries to conform to the Shari'ah.
Past and Current Programmes
As of 1 March 2008 total amount of the IDB Group approved operations for Tajikistan stands at ID 98.21 million or US$ 138.9 million. IDB
provides to Tajikistan only loan financing with concessional terms. Tajikistan joined the IDB in 1996 and since that time, the IDB financed 26
investment projects in health and education sector, road infrastructure, energy, agricultural sector. Currently there a number of on-going
projects, which are being financed by the IDB, among them: Power Rehabilitation Project (US$ 14.7 mln), Mini-hydropower plants in rural
areas (US$ 9.2 mln.), Regional Power Transmission Interconnection Project (US$ 10 mln.), Dushanbe Water Supply (US$ 9.3 mln.),
Construction of Shagon-Zhigar Road, Phase III (US$ 13.7 mln.), Construction and Equipping of Dangara General Hospital (US$ 10.5 mln.),
Reconstruction of Secondary Schools, Phase II (10.5 mln.).
IDB provides also the Technical assistance to Tajikistan which is used to prepare the feasibility study of the projects and capacity building of
the various entities.
Besides the abovementioned, the ICD and ITFC, which represent the part of the IDB Group, are starting actively involving in development of
the private sector and import operations in Tajikistan.
Future Programming Direction
During the IDB mission in November 2007, the mission has identified a number of projects, proposed by Tajik authorities. A Record of
Discussions with the List of potential investment projects was signed, which envisages the IDB possible consideration of the projects subject
to the proper documentation duly submitted to IDB. The list includes the projects for implementation under IDB financing for the period
2008-2010 covering the energy sector (US$ 125.0 million), transport and communications (US$ 9.3 million), irrigation (US$ 23.3 million),
health (US$ 10.0 million), education (US$ 10.0 million).
For 2008 IDB has already approved project Dangara Valley Irrigation Project, Phase 2. The Loan Agreement has been signed by the Minister
of Finance and sent for the IDB countersignature. The IDB plans also to consider the financing of the Shagon-Zhigar road project, Phase III.
Two Technical Assistances earmarked for road and agriculture sectors, namely: TA for Feasibility study of Kafarnigan -Yavan Railway and
On Farm Water Management. The relevant authorities were requested several times to submit the project documentation to enable the IDB to
start processing of the projects.
Source: Aid Coordination and Project Monitoring System Database
© State Committee on Investments and State Property Management of the RT
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