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Country data

7.8 million
143,100 sq km

Key developments and challenges

  • Economic growth has remained strong. Output expanded at the rate of 7.5 per cent in 2012, and at a similar rate in the first half of 2013, as the level of remittances remained high.
  • Tajikistan joined the World Trade Organization (WTO) in March 2013. The terms and conditions of Tajikistan’s accession were agreed at the WTO’s December 2012 Ministerial Conference.
  • The new tax code simplified the tax regime. Provisions of the code – which will be phased in gradually between 2013 and 2017 – reduce the number of taxes, and introduce a number of important simplifications and exemptions.

Tajikistan in the 2013 Transition Report

Our work in Tajikistan

In Tajikistan we focus on developing the banking sector, municipal infrastructure and small businesses.


Key facts about the EBRD's work in Tajikistan

No. of projects


Net EBRD investment

€291 million

Cumulative disbursements

€133 million

Portfolio in private sector



Last updated 30 June 2014

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Case Study: IMON International

EBRD client IMON International is a microfinance institution which aims to provide access to high-quality and transparent financial services to female entrepreneurs, farmers and small and medium sized enterprises accross Tajikistan. EBRD local currency loans in Tajik somoni have provided IMON with funds for additional branches in rural areas and longer-term financing for small businesses while minimising foreign currency exchange risk for IMON and its clients.

Learn more

More case studies from Tajikistan.

Our strategy in Tajikistan

The Bank’s activities in the country will focus on fostering the private sector, strengthening the financial sector and supporting critical infrastructure.

Read strategy


34 Rudaki avenue, TCELL Plaza, 12 floor
734025 Dushanbe, Tajikistan

Tel: +992 (37) 2 210763/ 2213 543/ 2216709/ 2216718/ 2219832/ 2510178/ 2512424