Tajikistan

Member countries: Tajikistan

Tajikistan is the EFSD founding state:

  • Tajikistan’s contribution to the EFSD is US$1 million;
  • Tajikistan’s access limit in the EFSD is US$170.26 million (2% of total assets of the Fund).

The authorized representative of Tajikistan in the EFSD Council is the Minister of Finance of the Republic of Tajikistan — Qahhorzoda Faiziddin Sattor.

The EFSD project portfolio in the Republic of Tajikistan consists of financial credits. The portfolio amount is US$ 110 million, including completed project of US$ 70 million and active project of US$ 40 million.

An investment project in the Energy sector is under preparation, the estimated amount of investment loan is US$ 40 million.

Contacts

Ministry of Finance of the Republic of Tajikistan
National Bank of the Republic of Tajikistan

Representative Office of the EDB
in Dushanbe:

48, Aini Street, 
Sozidanie Business Center, 
Dushanbe 734024, Republic of Tajikistan

Tel.:+(992) 41 800 0444
Fax: +(992) 41 800 0333
E-mail: rep_dushanbe@eabr.org


Indicator 2011 2012 2013 2014 2015 2016 2017 (Est.) Source
Real GDP Growth (%) 7,4 7,5 7,4 6,7 6,0 6,9 7,1 Nat. Stat.
Nominal GDP (US$ million, in current prices) 6 523 7 593 8 506 9 241 7 852 6 952 7 146 Nat. Stat.
GDP per capita (US$, in current prices) 836 951 1 042 1 106 918 795 800 Nat. Stat.
Poverty rate (%, national estimate) 41,0 38,3 35,6 32,0 31,3 N/A N/A Nat. Stat.
Inflation (CPI, average) 12,5 5,8 5,1 6,1 5,8 5,9 7,3 Nat. Stat.
Nominal interest rate on 3-month credits to the economy (end of period %) 23,8 20,4 20,4 22,5 27,7 21,8 33,4 CB
Balance of consolidated state budget (% GDP) -2,7 0,1 -1,3 -0,6 -2,4 -10,9 -1,2 MF
Trade Balance (% GDP) -46,7 -48,1 -49,1 -35,8 -32,1 -29,5 -25,1 CB
Current Account Balance (% GDP) -7,1 -9,0 -7,7 -2,5 -6,3 -3,8 2,2 CB
Gross International Reserves (months of imports, end of period) 2,1 2,2 2,2 1,5 1,8 2,6 5,6 CB
External Public Debt/GDP (%) 32,5 28,5 25,7 22,7 31,4 33,7 37,1 CB
Gross External Debt/GDP (%) 46,2 N/A N/A N/A N/A N/A N/A CB
Public External Debt Service/ Exports of Goods and non-factor Services (%) 5,0 7,8 11,5 13,9 16,2 17,2 13,4 IMF
Human Development Index (rank out of 187 countries) 127 125 133 129 129 N/A N/A UNDP
Global Competitveness Index (rank out of the amount of observed countries) 105 100 not rated 91 80 77 79 WEF
Exchange rate of the National Currency against U.S. dollar (period average, somoni/dollar) 4,6 4,8 4,8 4,9 6,2 7,8 8,61 CB
Exchange rate of the National Currency against Euro (period average, somoni/euro) 6,4 6,1 6,3 6,6 6,9 8,6 9,7 CB
Exchange rate of the National Currency against Russian Rouble (period average, somoni/rouble) 15,7 15,3 15,0 13,0 10,2 11,7 14,8 CB
Remittances (% GDP) 43,8 43,3 42,1 36,2 25,0 25,6 32,0 CB

Second financial credit for the Republic of Tajikistan (2015) Completed Financial credit

On December 8th 2015 the EFSD Council decided to approve the second financial credit in amount of US$ 40 million for Tajikistan to support economic reforms in the country during 2016-2017. Credit Agreement was signed on August 15th 2016 between the Government of the Republic of Tajikistan and the Eurasian Development Bank – the Manager of the Fund’s resources. On August 25th 2016 Tajikistan received the first tranche of the credit in amount of US$ 20 million. On December 29th 2018 the EFSD Council decided to finish supporting the Reform Program of the Government and National Bank of the Republic of Tajikistan with the financial credit from the EFSD’s resources due to end of the effectiveness period.

Financial credit to Tajikistan to support social budget spending (2010) Completed Financial credit

The ACF Council held on June 18, 2010 in Saint Petersburg approved the first ACF operation — financial credit to the Republic of Tajikistan in the amount of US$70 million. The Credit agreement between the Government of Tajikistan and the EDB as the Manager of ACF resources was signed on July 24 in Dushanbe. On August 20, 2010 this financial credit was disbursed to the Republic of Tajikistan in a single tranche.


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