ADB approves $22 million loan to Tajikistan
The Asian Development Bank today approved a $22 million loan to Tajikistan to fight flooding in Khatlon province.
By Agencies |
MANILA: The Asian Development Bank today approved a $22 million loan to Tajikistan to fight flooding in Khatlon province.
"Tajikistan is prone to frequent natural disasters because of its terrain and climate. Floods are particularly severe disaster risks because of the mountainous nature of the country," said ADB specialist Tetsuro Miyazato.
The principal threat is the Pyanj River, which over the years has degraded flood protection facilities along the border with Afghanistan.
The project area has some of the most productive agricultural lands in Tajikistan. Cotton, the key agricultural export commodity, is grown over half of the farm land in the project area.
The loan terms were not disclosed.
"Tajikistan is prone to frequent natural disasters because of its terrain and climate. Floods are particularly severe disaster risks because of the mountainous nature of the country," said ADB specialist Tetsuro Miyazato.
The principal threat is the Pyanj River, which over the years has degraded flood protection facilities along the border with Afghanistan.
The project area has some of the most productive agricultural lands in Tajikistan. Cotton, the key agricultural export commodity, is grown over half of the farm land in the project area.
The loan terms were not disclosed.
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