World Bank Vice President Visits Tajikistan, Highlights Importance of Water for Development

Stocks and Financial Services Press Releases Thursday June 21, 2018 08:51
DUSHANBE--21 Jun--World Bank

DUSHANBE, June 20, 2018 – Mitigating the increases in floods, droughts, melting glaciers and other climate change-related effects requires coordinated action at the national, regional, and global levels, said Cyril Muller, World Bank Vice President for Europe and Central Asia, during his visit to Tajikistan on June 20, 2018.

Muller highlighted the importance of joint regional and global actions in water resources management during his opening speech at the High-Level International Conference Water for Sustainable Development 2018-2028, organized by the Government of Tajikistan and the United Nations in Dushanbe.

"Water drives economic growth, supports healthy ecosystems, affects our health, particularly, our young children's health, and is essential to food and energy production," said Mr. Muller. "However, increases in extreme hydrologic events—floods, droughts, as well as melting glaciers—have large and rising economic costs and will affect all of us in some way. Together with our development partners, the private sector, academia, and civil society, the World Bank will support Tajikistan to address water-related challenges and deliver on the 2030 Agenda of the Sustainable Development Goals."

Water is an important driver of Central Asia's economies. It is critical for the agricultural sector, which employs over 64 percent of the population in Tajikistan. But as glaciers retreat in many parts of the region, this important source of water may no longer be reliable in the decades to come.

Muller also noted that modernization of institutions, infrastructure, water management, and technology can bring significant gains in water productivity in Central Asia. He highlighted the importance of cooperation on water and climate change issues to make the economies of Central Asia stronger and more climate-resilient. He commended the efforts of Tajikistan in promoting a regional dialogue and cooperation on water issues.

During his visit to Tajikistan, Muller met with President Emomali Rahmon, Minister of Finance Faiziddin Qahhorzoda, and representatives of the development community. Muller reconfirmed the World Bank's commitment to supporting Tajikistan under the new Country Partnership Framework for 2019-2023, which will focus on improving economic opportunities and services for people, including in rural areas, building human capital, and realizing the potential of the energy sector. It also aims at building the basis for the private sector to take full advantage of the opportunities emerging from the improved external environment.

The World Bank delegation to the High-Level International Conference included Senior Director for Water Global Practice Guanzhe Chen, World Bank Regional Director for Central Asia Lilia Burunciuc, Practice Manager for Water David Michaud, and Country Manager for Tajikistan Jan-Peter Olters.

This year, Tajikistan and the World Bank Group are marking 25 years of membership and collaboration. During this time, the World Bank provided over US$1.4 billion in IDA grants, highly concessional credits and trust funds to Tajikistan. The World Bank Group is committed to continuing its support to the country, as it strives to improve the lives and meet the aspirations of its young and growing population.


Latest Press Release

FSS Launches a Risk-Based Authentication Solution to Bolster Security For Digital Transactions

FSS (Financial Software and Systems), a global payments technology company, has launched FSS Secure3D, its new-generation adaptive authentication solution based on the EMVCo 3DS 2.0 protocol. Globally, across regions, banks need to implement 3DS2.0...

PwC: Assets under management in Asia Pacific to rise to USD29.6 trillion by 2025, faster than any other region

The Asia Pacific (APAC) asset and wealth management industry is expected to be the centre for global Assets under management (AuM) growth in the coming years. According to the PwC report 'Asset and Wealth Management 2025: The Asia Awakening', APAC AuM...

OnMiners Mining Rigs Offering Market#s Fastest ROI

OnMiners S.A (http://www.onminers.com) is quickly making a strong impact in the crypto mining industry by offering the market's fastest return on investment. The company recently hit the headlines by introducing three multi-algorithm mining rigs that...

The Mall Groups Department Stores partner with SCB to offer sizzling promotions with a chance to win RIMOWA luggage

The Mall, Emporium, EmQuartier and Paragon Department Stores joined forces with SCB to hold "Made in Summer" campaign from today to 17 April 2019 to delight shoppers with superb promotions: shop to receive coupons with up to 40% discount; a chance to win...

Bangkok Bank InnoHub Season 2 showcases innovative technologies from eight finalists at Demo Day 2019

Bangkok Bank InnoHub, the first global FinTech accelerator in Thailand, has showcased innovations and real-use cases from the program's eight finalists to the public, potential investors and others in Thailand's innovation ecosystem on Demo Day. The...

Related Topics