TAJIKISTAN TAJIKISTAN | Overview

Official name: Republic of Tajikistan

Capital: Dushanbe

Official languages:  Tajik (Tojik)

Monetary unit: somoni (TJK)

Population (million- 2013): 8.2

Total area (sq km):  143, 100


OVERVIEW

Landlocked in the midst of east, south, and central Asia, Tajikistan has borders with Uzbekistan, Kyrgyzstan, China and Afghanistan. Income poverty is considered to be one of the highest in the Eastern Europe and the CIS Region. Although the official unemployment rate is set at very low level (2.5% in 2012), more than a million of Tajik’s currently work as labor migrants, predominantly in Russia and other former Soviet states.

 

However, Tajikistan has done a remarkable job in past, where the national poverty rate fell from 96 percent in 1999 to below 40 percent (estimated) in 2013. Even though Tajikistan’s economy has grown fast in recent years, it remains vulnerable to external shocks caused by its narrow economic base and a heavy reliance on remittances by labor migrants. Further challenges that may affect economic growth and development going forward include  the lack of reliable power supply, unstable food security, poor transport connectivity, and low levels of private sector investment.


Year joined ICD:

Number of projects approved: 7

Gross Approval ($US million): 43.50

Gross Disbursement ($US million): 33.39