USAID Launches $18 Million Program to Boost Economic Growth in Tajikistan

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On 18 April, the United States Agency for International Development (USAID) launched a new initiative to support long-term economic opportunities in Tajikistan.

Running for five years at a cost of $18 million, Employment and Enterprise Development Activity (EEDA) will partner local firms to improve productivity in the fields of textiles, food processing and IT through the adoption of innovative, green technologies, increased investment, and market linkages.

According to a report from the U.S. Embassy in Tajikistan, the project will create 5,000 permanent jobs, assist 200 business start-ups in accessing finance, and leverage $10 million in private sector investment.

In his address at the launch, USAID Tajikistan Mission Director Peter Riley stated, “It is crucial to foster innovation, drive economic growth, and create sustainable employment opportunities within the public and private entities. These partnerships underscore the shared goal of advancing Tajikistan’s economic landscape and ensuring prosperity for all stakeholders.”

Source: Times CA