Republic of Tajikistan - Country Economic Memorandum : 
Tajikistan’s Quest for Growth: Stimulating Private Investment

World Bank

dc.creator	World Bank
dc.date	2012-03-19T10:12:53Z
dc.date	2012-03-19T10:12:53Z
dc.date	2011-01-01
dc.date.accessioned	2023-02-17T20:41:19Z
dc.date.available	2023-02-17T20:41:19Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20110616010558
dc.identifier	http://hdl.handle.net/10986/2761
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/243130
dc.description	The Tajik government in its Poverty Reduction Strategy Paper for 2010-12 set an ambitious target of doubling Gross Domestic Product (GDP) in a decade. Tajikistan clearly has the potential to grow at more than seven percent a year as it has done in the recent past, but it is not going to be easy. The potential for 'catch-up' growth from the depths of the recession of the 1990s is largely exhausted, the external environment is now less favorable than it was in the 2000s, and some drivers of past growth are unlikely to be sustained. Nevertheless, efforts by the government to create better conditions for higher private investment, exports, and employment, as well as strong support from the Tajik business community and development partners, could make this target a reality. In the 2000s, the Tajik economy recovered from the severe transition-related recession and civil conflict of the 1990s. Macroeconomic performance improved: inflation fell from 30-40 percent in the late 1990s to six-seven percent in the mid-2000s, fiscal deficits were lower, and the current account deficit and external debt moved to more manageable levels. Real GDP growth averaged nearly eight percent a year in 2000-08. The poverty headcount fell sharply, from 72 percent in 2003 to 54 percent in 2007, with more than a million people moving out of poverty; during the same period, the share of the extremely poor population fell from 42 percent to 17 percent. Key social indicators (for example, primary and secondary school enrollment rates, infant mortality, maternal mortality, and child malnutrition) also improved.
dc.language	English
dc.publisher	World Bank
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCESS TO FINANCE
dc.subject	ACCESS TO FINANCIAL SERVICES
dc.subject	ACCESS TO FINANCING
dc.subject	ACCOUNTING
dc.subject	ACCOUNTING STANDARDS
dc.subject	AGRICULTURAL FINANCE
dc.subject	AGRICULTURAL LOANS
dc.subject	AGRICULTURAL PRODUCTS
dc.subject	ARREARS
dc.subject	BALANCE OF PAYMENTS
dc.subject	BANK ACCOUNTS
dc.subject	BANK BALANCE SHEETS
dc.subject	BANK DEBT
dc.subject	BANK LOANS
dc.subject	BANKING SECTOR
dc.subject	BANKING SYSTEM
dc.subject	BROAD MONEY
dc.subject	BUSINESS COMMUNITY
dc.subject	CAPITAL FORMATION
dc.subject	CAPITAL INFLOWS
dc.subject	CAPITAL INVESTMENT
dc.subject	CAPITAL STOCK
dc.subject	CENTRAL BANK
dc.subject	COLLATERAL
dc.subject	COMMERCIAL BANKING
dc.subject	COMMERCIAL BANKS
dc.subject	CONTRACT ENFORCEABILITY
dc.subject	CONTRACT ENFORCEMENT
dc.subject	CORPORATE SAVINGS
dc.subject	CORRUPTION
dc.subject	CREDIT BUREAU
dc.subject	CREDIT GROWTH
dc.subject	CREDIT INFORMATION
dc.subject	CREDIT INFORMATION SYSTEM
dc.subject	CREDIT LINES
dc.subject	CREDIT RISK
dc.subject	CREDITORS
dc.subject	CURRENCY
dc.subject	CURRENCY EARNINGS
dc.subject	CURRENT ACCOUNT
dc.subject	CURRENT ACCOUNT DEFICIT
dc.subject	DEBT FINANCING
dc.subject	DEBT LEVELS
dc.subject	DEBT RELIEF
dc.subject	DEBT SERVICE
dc.subject	DEBTORS
dc.subject	DEFAULTS
dc.subject	DEMAND FOR CREDIT
dc.subject	DEPOSIT
dc.subject	DEPOSITS
dc.subject	DIRECTED CREDITS
dc.subject	DISABILITY PENSIONS
dc.subject	DIVERSIFICATION
dc.subject	DOMESTIC BANKS
dc.subject	DOMESTIC CURRENCY
dc.subject	DOMESTIC MARKET
dc.subject	DOMESTIC MARKETS
dc.subject	DURABLE
dc.subject	DURABLE GOODS
dc.subject	ECONOMIC CRISIS
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMIC GROWTH
dc.subject	EMERGING ECONOMIES
dc.subject	EMPLOYMENT OPPORTUNITIES
dc.subject	ENFORCEMENT OF CONTRACTS
dc.subject	ENROLLMENT
dc.subject	ENTERPRISE PERFORMANCE
dc.subject	EXCESS LIQUIDITY
dc.subject	EXCHANGE RATE
dc.subject	EXPENDITURE
dc.subject	EXPORTER
dc.subject	EXPORTERS
dc.subject	EXTERNAL DEBT
dc.subject	EXTERNAL FINANCE
dc.subject	EXTERNAL SHOCKS
dc.subject	EXTREME POVERTY
dc.subject	FAMILIES
dc.subject	FAMILY FARMS
dc.subject	FARMERS
dc.subject	FINANCES
dc.subject	FINANCIAL ASSETS
dc.subject	FINANCIAL MANAGEMENT
dc.subject	FINANCIAL PERFORMANCE
dc.subject	FINANCIAL VIABILITY
dc.subject	FIRM PERFORMANCE
dc.subject	FISCAL DEFICIT
dc.subject	FISCAL DEFICITS
dc.subject	FISCAL POLICIES
dc.subject	FIXED CAPITAL
dc.subject	FLEXIBLE EXCHANGE RATE
dc.subject	FOREIGN DIRECT INVESTMENT
dc.subject	FOREIGN EXCHANGE
dc.subject	FOREIGN EXCHANGE RESERVES
dc.subject	FOREIGN INVESTMENT
dc.subject	FREE ACCESS
dc.subject	GOVERNMENT BONDS
dc.subject	GOVERNMENT BORROWING
dc.subject	GOVERNMENT BUDGET
dc.subject	GOVERNMENT INTERVENTIONS
dc.subject	GOVERNMENT REGULATION
dc.subject	GOVERNMENT REVENUE
dc.subject	GROSS DOMESTIC PRODUCT
dc.subject	HOLDING
dc.subject	HOST COUNTRIES
dc.subject	HOUSEHOLD INCOME
dc.subject	HOUSEHOLD SAVINGS
dc.subject	HOUSEHOLD WELFARE
dc.subject	HOUSEHOLDS
dc.subject	HUMAN CAPITAL
dc.subject	HUMAN CAPITAL DEVELOPMENT
dc.subject	INCOME INEQUALITY
dc.subject	INCOME LEVEL
dc.subject	INCOME LEVELS
dc.subject	INCOME TAX
dc.subject	INEQUALITIES
dc.subject	INFLATION
dc.subject	INFORMATION ON BORROWERS
dc.subject	INTERNATIONAL CAPITAL
dc.subject	INTERNATIONAL CAPITAL MARKETS
dc.subject	INTERNATIONAL FINANCE
dc.subject	INTERNATIONAL FINANCIAL INSTITUTIONS
dc.subject	INTERNATIONAL FINANCIAL STATISTICS
dc.subject	INTERNATIONAL STANDARDS
dc.subject	INVESTMENT CLIMATE
dc.subject	INVESTMENT RATE
dc.subject	INVESTOR PERCEPTIONS
dc.subject	JOINT STOCK COMPANIES
dc.subject	JOINT-STOCK COMPANIES
dc.subject	JUDICIAL SYSTEM
dc.subject	LAND REFORM
dc.subject	LAND TITLES
dc.subject	LEGAL FRAMEWORK
dc.subject	LEGAL RIGHTS
dc.subject	LIQUIDITY
dc.subject	LIQUIDITY MANAGEMENT
dc.subject	LIVING STANDARDS
dc.subject	LOAN
dc.subject	LOAN APPLICATION
dc.subject	LOAN PORTFOLIO
dc.subject	LOAN REPAYMENT
dc.subject	LOCAL BANKS
dc.subject	LONG-TERM INVESTMENT
dc.subject	MACROECONOMIC DATA
dc.subject	MACROECONOMIC ENVIRONMENT
dc.subject	MACROECONOMIC MANAGEMENT
dc.subject	MACROECONOMIC STABILITY
dc.subject	MACROECONOMIC STABILIZATION
dc.subject	MICRO FINANCE
dc.subject	MIGRANT LABOR
dc.subject	MIGRANT WORKERS
dc.subject	MINIMUM CAPITAL REQUIREMENTS
dc.subject	MINORITY SHAREHOLDERS
dc.subject	MONETARY FUND
dc.subject	MONETARY POLICY
dc.subject	MONEY MARKET
dc.subject	NATIONAL BANK
dc.subject	NATIONAL SAVINGS
dc.subject	NONPERFORMING LOANS
dc.subject	OIL PRICE
dc.subject	OIL PRICES
dc.subject	OUTSTANDING LOANS
dc.subject	PLEDGES
dc.subject	POLITICAL RISKS
dc.subject	POOR ACCESS
dc.subject	POOR COLLATERAL
dc.subject	PRICE STABILITY
dc.subject	PRICE VOLATILITY
dc.subject	PRIVATE CREDIT
dc.subject	PRIVATE FINANCING
dc.subject	PRIVATE INVESTMENT
dc.subject	PRIVATE INVESTMENTS
dc.subject	PRIVATE INVESTORS
dc.subject	PRIVATE SECTOR CREDIT
dc.subject	PRIVATIZATION
dc.subject	PROFITABILITY
dc.subject	PROPERTY AS COLLATERAL
dc.subject	PROPERTY RIGHTS
dc.subject	PUBLIC BORROWING
dc.subject	PUBLIC DEBT
dc.subject	PUBLIC FUNDS
dc.subject	PUBLIC INVESTMENT
dc.subject	PUBLIC INVESTMENTS
dc.subject	PUBLIC SPENDING
dc.subject	PUBLIC-PRIVATE PARTNERSHIPS
dc.subject	PURCHASING POWER
dc.subject	PUSH FACTOR
dc.subject	RATE OF RETURN
dc.subject	REAL EXCHANGE RATE
dc.subject	REAL INTEREST
dc.subject	REAL INTEREST RATES
dc.subject	RECEIPTS
dc.subject	RECESSION
dc.subject	REGULATORY FRAMEWORK
dc.subject	REMITTANCE
dc.subject	REMITTANCES
dc.subject	REPAYMENT
dc.subject	REPAYMENT RECORD
dc.subject	RETURNS
dc.subject	RULE OF LAW
dc.subject	SAVINGS RATE
dc.subject	SELF-FINANCE
dc.subject	SHAREHOLDER
dc.subject	SMALL BUSINESSES
dc.subject	TAX
dc.subject	TAX CODE
dc.subject	TAX RATES
dc.subject	TAX REGIME
dc.subject	TAX SYSTEM
dc.subject	TELECOMMUNICATIONS
dc.subject	TRADE BALANCE
dc.subject	TRADE CREDITS
dc.subject	TRADE FACILITATION
dc.subject	TRADE FINANCING
dc.subject	TRANSPARENCY
dc.subject	TREASURY
dc.subject	TREASURY BILLS
dc.subject	UNEMPLOYMENT
dc.subject	UNION
dc.subject	WORKING CAPITAL
dc.title	Republic of Tajikistan - Country Economic Memorandum : Tajikistan’s Quest for Growth: Stimulating Private Investment
dc.type	Economic & Sector Work :: Country Economic Memorandum
dc.coverage	Europe and Central Asia
dc.coverage	Eastern Europe
dc.coverage	Commonwealth of Independent States
dc.coverage	Central Asia
dc.coverage	Asia
dc.coverage	Tajikistan

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