The International Islamic Development Bank (IDB) plans to allocate 450 million dollars to Tajikistan to support a coordinated set of projects across key sectors of the economy. This update comes via the press center of Tajikistan’s Ministry of Economic Development and Trade, as reported by the Tasm agency in collaboration with the information service from TASS. The announcement highlights a focused grant of capital intended to accelerate growth and diversify the country’s infrastructure and industrial base.
A Tajik delegation led by IDB President Mohammed Suleiman al-Jasir and the head of the Ministry of Economic Development and Trade, Zavka Zavqizoda, finalized the agreement during a formal meeting held in Jeddah, Saudi Arabia. The dialogue underscored mutual commitment to mobilize resources that align with Tajikistan’s development priorities and the IDB’s broader mission to foster sustainable economic progress in member states.
Specific allocations are earmarked to advance several priority initiatives. Among them are the expansion and modernization of green energy capacity to support low-emission power generation, the improvement and expansion of road networks to enhance regional connectivity, and the construction of educational facilities to strengthen human capital. Additional investments will support the irrigation of farmland to boost agricultural productivity, the establishment of textile enterprises to grow industrial output, the development of logistics centers to streamline trade flows, and the production of halal products to meet regional and international market demand. These targeted projects are designed to create jobs, stimulate private investment, and promote inclusive growth across rural and urban areas alike.
The IDB itself traces its origins back to 1973 and has since grown into a major multilateral development partner with a diverse membership. The bank now includes 57 member countries, spanning regions in Africa, Asia, the Middle East, and beyond. It counts Saudi Arabia as its largest shareholder, reflecting strong backing from its core Gulf Cooperation Council partners. Tajikistan became a member in 1996, marking a long-running relationship that has evolved to support modernization efforts across multiple sectors. The current commitment from the IDB reinforces this enduring partnership and signals ongoing collaboration aimed at advancing Tajikistan’s structural transformation.
In a related development, recent commentary from Anatoly Aksakov, chairman of the State Duma Committee on Financial Markets, indicated ongoing interest in exploring the introduction of Islamic banking mechanisms within Russian regions. The prospects for Islamic finance in Russia are seen as a potential pathway to diversify local financial services, deepen capital markets, and broaden access to Sharia-compliant financial products for businesses and individuals. This discussion reflects a wider global and regional dialogue about how alternative financial models can complement conventional systems and support broader economic resilience.