Tajikistan Current Affairs

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First India-Central Asia Dialogue to be held in Uzbekistan

The first India-Central Asia Dialogue will be held in Samarkand, Uzbekistan on January 12 and 13. The Dialogue will be co-chaired by External Affairs Minister (EAM) Sushma Swaraj and the Foreign Minister of Uzbekistan, Abdulaziz Kamilov.

The Foreign Ministers of Kyrgyz Republic, Tajikistan, Turkmenistan and Kazakhstan will participate in the event. The Foreign Minister of Afghanistan will participate in the dialogue as a special invitee for the session dedicated to connectivity issues in the region.

Objective of the Dialogue

India and the Central Asian countries are bound together through shared history and cultural linkages. The objectives of the first India-Central Asia Dialogue are:

  • To enhance their cooperation in wide-ranging spheres including exploring ways to substantially enhance India’s economic involvement in business and development sector of Central Asia.
  • Developing viable connectivity options between India and Afghanistan and Central Asia to further facilitate trade and economic activity in the region.
  • Strengthen India’s engagement, including political, economic, development partnership and cultural, with all the Central Asian countries and take it to a new level.

The first India-Central Asia Dialogue aims at taking forward the bilateral relations which have strengthened following the Prime Minister Narendra Modi’s visit to all the five Central Asian nations – Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan – in 2015 and the EAM’s tour across the region in August 2018.

Month: Categories: International Current Affairs 2018UPSC Current Affairs - 2019

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AIIB approves first loans for projects in four countries

The China-led Asian Infrastructure Investment Bank (AIIB) has approved first set of loans totalling US 509 million dollars to finance projects in four countries viz. Bangladesh, Pakistan, Indonesia and Tajikistan.

These loans for the four projects were approved in Board of Directors meeting of AIIB held at its headquarters in Beijing, China.

Projects approved

  • Bangladesh: US 165 million dollars loan for a Power Distribution System Upgrade and Expansion Project.
  • Indonesia: US 216.5 million dollars loan for a National Slum Upgrading Project. It is expected to be co-financed with the World Bank.
  • Pakistan: US 100 million dollars loan for Shorkot-Khanewal Section of National Motorway M-4. It will be co-financed with the Asian Development Bank (ADB) and the United Kingdom’s Department for International Development (DFID).
  • Tajikistan: US 27.5 million dollars loan for the Dushanbe-Uzbekistan Border Road Improvement Project. It will be co-financed with the European Bank for Reconstruction and Development (EBRD).

These loans will have an interest rate of London Interbank Offered Rate (LIBOR) plus 1.15 % and a repayment period of 25 years with 5 years in grace period. These projects spanning in the energy, transport and urban development sectors will help to bridge the region’s critical infrastructure financing gap. It will also help to strengthen regional connectivity.

For more details: About Asian Infrastructure Investment Bank (AIIB).

Month: Categories: Banking Current Affairs 2018International Current Affairs 2018

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