EFSD transfers $100 mln of first tranche of $200 mln stabilization loan to Tajikistan

DUSHANBE. Nov 3 (Interfax) - The Eurasian Fund for Stabilization and Development (EFSD) has disbursed the first tranche of $100 million of the overall $200-million stabilization loan to Tajikistan, as agreed in August, the EFSD press service said on Tuesday.

"The first tranche of the stabilization loan totaling $100 million was disbursed to Tajikistan on October 30, 2026. The funds are for a 20-year term at an annual interest rate of 1%, with a 10-year grace period," according to the statement.

The loan is to support implementing a macroeconomic stabilization program, as well as structural and institutional reforms, as developed by the government and the National Bank for 2025-2027.

As reported, the respective parties on August 13, 2026, signed an agreement in Dushanbe to provide Tajikistan with a loan totaling $200 million.

The loan is to be disbursed in three tranches of $100 million, $50 million, and $50 million, respectively, in order to finance state budget expenditures, including priority social spending.

The loan supports a program comprising 12 measures across three key areas, namely maintaining macroeconomic stability, improving fiscal policy and reducing financial risks, and enhancing the transparency of economic policy.

Established in 2009 by Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan, the EFSD is a regional financial institution with capital of $9.8 billion.