Tajikistan has raised $4.7 billion from sixteen international financial institutions over the past 15 years. This is stated in the publication of the Eurasian Fund for Stabilization and Development (EFSD).
This EFSD Working Paper presents the methodology for constructing the Sovereign Finance Database (SFD) and provides a quantitative and qualitative analysis of sovereign finance transactions in 11 countries in the region from 2008 to 2022.
The authors of the document identified more than 3,800 sovereign financing operations in countries on the horizon of 2008-2022 in the amount of about $90 billion.
The most significant volumes of approved sovereign financing were observed in 2009 ($8.6 billion), 2015 ($8.7 billion) and in 2020 ($10.9 billion), which can be explained by anti-crisis measures taken to address the consequences of the global (2009), followed by the regional economic crisis in 2015 and the COVID-19 crisis in 2020.
The largest volume of approved financing fell on investment loans. These include projects in key sectors such as energy and food security, infrastructure development, healthcare, digitalization and so on.
In terms of the volume of approved financing, the leading positions are occupied by the World Bank, ADB, IMF and EFSD – they account for almost 80% of the total volume for the analyzed period.
Uzbekistan occupies a leading position among all countries both in terms of the volume of approved financing ($20.9 billion or 23.1% of the total volume) and in terms of the number of operations.
source: avesta