Tajikistan

No amount/estimate: (i) 10 February 2020, The NBT has lowered the refinancing rate from 14.75% to 12.25% per annum (2.5 percentage points); (ii) 1 May 2020, The NBT cut the policy rate by 100 basis points to 11.75% to ease monetary conditions; 27 July 2020, the rate was reduced by another 100 basis points to 10.75%; On 29 October 2020, the policy rate was maintained at 10.75%; (iii) Interest rate on bank deposits have been lowered from 12% to 6% from 1 July to 31 December 2020.

No amount/estimate: (i) The NBT has relaxed enforcement of prudential requirements to ease banking pressures and maintain credit: (a) In April 2020, the NBT recommended the banks to review loan terms to support borrowers facing temporary difficulties; (b) It also recommended banks to waive penalties for businesses and individuals that face hardships in repaying their loan obligations between May and October 2020; (c) To accommodate these the NBT temporarily (until September 2020) waived supervisory sanctions against those banks that are providing adequate loan loss provisions and as a result fail to meet capital adequacy ratio and liquidity ratio; (d) Despite a temporary waiver of penalties, credit institutions are required to ensure that established prudential requirements are met; (ii) To reduce the impetus for dollarization, the income tax rate for interest income on domestic currency deposits was lowered till end-December 2020 by 5%; (iii) June 2020, The NBT has recommended that credit institutions not pay dividends or bonuses to shareholders, but keep these profits to boost capital.

No amount/estimate, June 2020: (i) Tariff increases on electricity, water, and communal services have been postponed until end of 2020.

No amount/estimate, June 2020: (i) The Government is providing VAT exemptions on essential imports; (ii) Government is providing time-bound tax holidays to targeted industries and small businesses until 1 September 2020.

(i) No amount/estimate: 19 May 2020, The President sent an assistance package to the Sughd Province. The package consists of 900 tons of food to provide socioeconomic support for doctors and those infected with COVID-19; No amount/estimate, June 2020: (ii) The Government is providing lumpsum assistance equivalent to the minimum wage to vulnerable households and other socially disadvantaged groups. Health workers are also expected to receive supplemental pay; (iii) Anti-COVID measures also include subsidizing food for the population; (vi) No amount/estimate: 17 July 2020, The President signed a government decree providing one-time payment to vulnerable groups in the amount of a month's minimum salary.

(i) Government is providing grain, seed and fuel to farms to boost food security, and relief to targeted industries and small businesses until 1 September 2020; (ii) Anti-COVID measures also include financial support to SMEs.

(i) 13 March 2020, USD0.1 million grant for Maternal and Child Health Integrated Care Project under ADF; (ii) April 2020, USD1.02 million - TA9950-REG: Regional Support to Address the Outbreak of Coronavirus Disease 2019 and Potential Outbreaks of Other Communicable Diseases. As of 30 January 2021, this has now been increased to USD1.2 million. As of 8 October 2021, this has again been increased to USD1.25 million (iii) 27 May 2020, USD0.19 million (USD0.09 million (COL); USD0.09 million (ADF)) Strengthening Technical and Vocational Education and Training Project; (iv) 3 June 2020, USD0.07 million TASF - REG: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region (additional financing); (v) 17 June 2020, USD0.25 million TASF- Preparing the Financial Sector and Fiscal Management Improvement Program; (vi) 18 June 2020, USD50 million ADF grant for COVID-19 Active Response and Expenditure Support Program; (vii) 13 July 2020, USD0.38 million TASF - Addressing Health Threats in the Central, West and East Asia Region; (viii) 16 July 2020, USD0.30 million TASF - Strengthening the Investment Climate (Additional Financing); (ix) 24 July 2020, USD0.21 million (TASF) Due Diligence and Capacity Development of Trade Finance Program Banks (Subproject 3); (x) 5 August 2020, USD2.5 million COVID-19 Emergency Response under the Asia Pacific Disaster Response Fund; (xi) 18 November 2020, USD0.05 million (TASF) Supporting Startup Ecosystem in the Central Asia Regional Economic Cooperation Region to Mitigate Impact of COVID-19 and Support Economic Revival; (xii) 26 November 2020, USD0.04 million (TASF) Addressing Health Threats in the Central, West and East Asia Region (Additional Financing); (xiii) January 2021, USD0.19 million under the Trade Finance Program (Additional Financing). As of July 2021, this has been increased to USD1.59 million; (xiv) 16 June 2021, USD25 million under the COVID-19 Vaccine Support Project under the Asia Pacific Vaccine Access Facility; (xv) 7 September 2021, USD0.16 million in funidng under the ADB regional project, Due Diligence and Capacity Development of Trade Finance Program Banks (Subproject 4); (xvi) 22 September 2021, USD0.06 million in funding through the ADB regional project, Fostering Regional Cooperation and Integration through Knowledge and Capacity Building of Trade and Supply Chain Finance Program Banks.

(i) 2 April 2020, The World Bank’s Board of Executive Directors approved today USD11.3 million in grant financing from the International Development Association for the Tajikistan Emergency COVID-19 Project, which will support the country’s efforts to prepare for and respond effectively to the health and social risks associated with the global COVID-19 (Coronavirus) pandemic; (ii) 14 April 2020 - 13 October 2020: IMF Catastrophe Containment and Relief Trust-Grant Assistance For Debt Service Relief, SDR7.83 million (SDR0.729/USD); (iii) 6 May 2020, The IMF Executive Board approved a disbursement of USD189.5 million under the Rapid Credit Facility for budget support to help Tajikistan meet urgent balance of payments and fiscal needs stemming from the COVID-19 pandemic; (iv) 19 May 2020, USD1 million UN COVID-19 Response & Recovery Fund from UNDP; May 2020: (v) USD9.4 million from ISDB - Emergency Support for Building COVID-19 pandemic preparedness and response capacity in the Republic of Tajikistan; (vi) Recently, Tajikistan was granted a debt relief of around USD50 million under the G20 Debt Service Suspension Initiative. These funds were also included to the anti-COVID envelop under the supplementary budget currently being discussed in the Parliament; (vii) As of 25 June 2020, US assistance totaled more than USD5 million as follows: (a) USD1.2 million to strengthen Tajikistan’s health system, procure urgent supplies that support infection-prevention and control, improve the capacity of Tajik laboratories, et al; (b) March 2020, USD0.003 million for personal protective equipment; (c) April 2020, USD0.866 million to prepare the country’s laboratory systems for large-scale testing; (d) April 2020, USD0.171 million worth of food assistance; (e) May 2020, USD0.030 million to conduct outreach campaigns; (f) May 2020, US CDC pledged USD1.69 million to procure laboratory supplies and equipment for COVID-19 testing; (g) June 2020, USD2.6 million to improve care for patients; and (h) Assisted more than 600 Tajik migrants stranded at the Kazakh-Uzbek border to safely return home; (viii) 22 July 2020, The European Commission provides Tajikistan with EUR112 million (USD124 million) to strengthen health, education and social services and support the country in its coronavirus response; (ix) 28 July 2020, The Swiss Agency for Development and Cooperation (SDC), contributed USD1.1 million toward the UN World Food Programme (WFP) COVID-19 response in Tajikistan; (x) 30 July 2020, The World Bank approved the USD132 million grant-financed Fourth Phase of the Central Asia Regional Links Program (CARs-4), which aims to enhance Tajikistan’s regional transport connectivity and facilitate cross-border trade. The financing will come from the International Development Association (USD131 million) and the Program for Asia Connectivity and Trade Trust Fund (USD1 million); (xi) 2 October 2020, IMF Catastrophe Containment and Relief Trust (2nd Tranche) - grant assistance for debt service relief, USD7.36 million; (xii) 2 December 2020, USD6 million investment from the World Bank to strengthen the efficiency, accountability, and transparency of public expenditure, which was deemed especially important given the pandemic; (xiii) 17 December 2020, Russia allocates USD2 million for a new UNDP project “Accelerating Post COVID-19 Economic Recovery through Improved Livelihood, Employability, and Regional Cooperation in Ferghana Valley”, meant to support post-COVID economic recovery in Tajikistan; (ix) 11 February 2021, The World Bank’s Board of Executive Directors approved an additional USD8.63 million financing for the Tajikistan Emergency COVID-19 Project for the procurement and delivery of internationally approved COVID-19 vaccines. As of 22 February 2021, an additional USD12.57 million from the World Bank has also been approved to further strengthen Tajikistan’s heath care capacity and protect vulnerable population groups; (x) 5 April 2021, IMF Catastrophe Containment and Relief Trust (3rd Tranche) - grant assistance for debt service relief, USD5.54 million; (xi) 18 June 2021, The World Bank has approved a USD58 million grant that aims to strengthen the resilience of the agriculture sector and contribute to post-COVID-19 recovery in Tajikistan; (xii) 20 July 2021, Medical aid worth USD500,000 provided by Saudi Arabia was received by Tajikistan; (xiii) 28 July 2021, Tajikistan has received 2 million doses of the CoronaVac vaccine from the People's Republic of China; (xiv) 7 September 2021, Tajikistan has received 10 ambulances from Russia to fight COVID-19; (xv) 10 September 2021, Tajikistan has received 100,800 doses of COVID-19 vaccines from Germany; (xvi) 6 October 2021, IMF Catastrophe Containment and Relief Trust (4th Tranche) - grant assistance for debt service relief, USD1.84 million.