Tajikistan’s President Emomali Rahmon highlighted the significance of executing the CASA-1000 challenge, which hyperlinks the power markets of Central Asia with South Asian nations, particularly Afghanistan and Pakistan, throughout his assembly with the President of the World Bank Group, Ajay Banga, Trend stories.
The assembly was held in Dubai, UAE, through the twenty eighth session of the Conference of the Parties to the UN Framework Convention on Climate Change – COP28.
Both sides mentioned the present state of cooperation in water and power, agriculture, environmental sustainability, rural growth, financial insurance policies, developments within the healthcare and schooling sectors, city planning, and poverty alleviation throughout the dialogue.
Rahmon praised the World Bank’s contribution to local weather change adaptation and mitigation financing. He noticed the financial institution as an vital companion in Tajikistan’s growth and expressed pleasure with the diploma of cooperation.
Tajik president highlighted the numerous areas of cooperation with the WB, together with inclusive and structural reforms within the nation’s economic system, notably in sectors akin to telecommunications, digitalization, civil aviation, and enchancment of the funding local weather. Additionally, Rahmon prolonged an invitation to Ajay Banga to go to Tajikistan, which was warmly accepted.
Presently, the World Bank is funding 28 initiatives in Tajikistan, totaling $1.5 billion.
CASA-1000 is an infrastructure challenge with the target of Transmitting 1,300 megawatts of surplus electrical energy from Central Asian nations, notably Kyrgyzstan and Tajikistan, to high-demand electrical energy markets in South Asian nations, particularly Afghanistan and Pakistan. The challenge includes upgrading the electrical grids in collaborating nations by way of the development of latest substations and high-voltage energy transmission traces.
Source: Business Lend