The new country strategy for Tajikistan sets out the Bank’s priorities in the country for the period 2020-25 and addresses issues such as a volatile macroeconomic environment, a challenging business climate and vulnerability to climate change factors.
In the strategy period, the EBRD will aim to improve Tajikistan’s infrastructure, its regional connectivity and employment opportunities in the country. Tajikistan has one of the youngest populations of all the economies in which the Bank invests.
The EBRD’s operational and strategic priorities in Tajikistan will be based on the following three pillars:
- strengthening the competitiveness of businesses and improving the business environment
- fostering regional integration, energy reform and infrastructure connectivity
- supporting wider access to better infrastructure and business services for women, young people and underdeveloped regions.
Regional cooperation is key to Tajikistan’s sustainable economic development, for the expansion of trade and for its energy security. Positive economic developments, including better interstate relations and connectivity, will allow the EBRD to support necessary reforms and facilitate the country’s transition to one based on private-sector growth.
The EBRD will be aiming to increase the size and scope of its operations. It will continue financing infrastructure and energy sector projects, as well as providing support for private sector companies.
The EBRD’s latest Tajikistan strategy was adopted on 26 February 2020
Tajikistan's policy response to the coronavirus crisis
The EBRD is monitoring Tajikistan's policy response to the coronavirus pandemic. Our biweekly publication identifies the major channels of disruption as well as selected impact and response indicators.
Current EBRD forecast for Tajikistan’s Real GDP Growth in 2021 3.0%
With the first Covid-19 cases reported only at the end of April 2020, Tajikistan was able to introduce relatively mild containment measures, and did so later than most regional peers. The economy was mainly affected by the disruption of transportation links with key trading partners and limited access to the Russian labour market: international arrivals halved in the first half of 2020 while remittances from Russia declined by around 15 per cent year-on-year, weighing on consumption, imports and the government’s tax receipts.