Tajikistan - Towards Accelerated Economic Growth : A Country Economic Memorandum
This Country Economic Memorandum (CEM) looks at the potential for accelerated economic growth in Tajikistan, where as of the peace agreement of mid-1997, renewed reform efforts have brought stability, where inflation is under control, small scale p...
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| Format: | Pre-2003 Economic or Sector Report |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2001/01/1089482/tajikistan-towards-accelerated-economic-growth-country-economic-memorandum http://hdl.handle.net/10986/15701 |
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okr-10986-15701 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY ACCOUNTING ADB AGRICULTURAL PRODUCTION AGRICULTURE ARABLE AREAS ARABLE LAND ASSETS AUDITS BAD DEBT BALANCE SHEET BANK RESTRUCTURING BANKING SECTOR BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAWS BANKS COMPETITION POLICY CONSUMERS CORPORATE GOVERNANCE CPI CREDIT MARKETS DEBT DEBT SERVICE DEPOSITS DEPRECIATION ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC RELATIONS ECONOMIC SECTORS ELECTRICITY EMPLOYMENT ENTERPRISE OWNERSHIP ENTREPRENEURSHIP EXCHANGE RATE EXPENDITURES FARMS FINANCIAL INSTITUTIONS FINANCIAL SECTOR FISCAL MANAGEMENT FISCAL YEAR GDP GDP PER CAPITA GNP GROSS DOMESTIC PRODUCT GROWTH RATE HORIZONTAL INTEGRATION IDLE CAPACITY INCOME INFLATION INSTITUTIONAL DEVELOPMENT INTEREST RATES INTERNATIONAL TRADE LABOR PRODUCTIVITY LEGAL FRAMEWORK LEGISLATION LEVEL PLAYING FIELD LIVING STANDARDS MACROECONOMIC STABILITY MARGINAL COSTS MARKET POWER MEDIUM TERM EXPENDITURE FRAMEWORK MONETARY POLICIES MONETARY POLICY MONOPOLIES NEW ENTRANTS ORGANIZATIONAL STRUCTURE OWNERSHIP STRUCTURE PENSIONS PRESENT VALUE PRESENT VALUE OF DEBT PRICE CONTROLS PRIVATE SECTOR PRIVATIZATION PRODUCERS PRODUCTIVITY GROWTH PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC HEARINGS PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC TRANSPORT QUOTAS REGULATORY FRAMEWORK REGULATORY POLICY RENT SEEKING RENT SEEKING BEHAVIOR RESOURCE ALLOCATION REVENUE MOBILIZATION REVENUE SHARING ROADS SAVINGS SERVICE CAPACITY STATE ENTERPRISES STATE PROPERTY TAX TAX REVENUES TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TELEPHONE PENETRATION TERMS OF TRADE TOTAL FACTOR PRODUCTIVITY TRANSITION ECONOMIES TRANSPARENCY TRANSPORT VALUATION VALUE ADDED VARIABLE INPUTS WAGES WORLD TRADE ORGANIZATION WTO COUNTRY ECONOMIC & SECTOR WORK ECONOMIC GROWTH PEACE AGREEMENTS REFORM POLICY STABILIZATION INFLATION RATES PRIVATIZATION AGRICULTURAL REFORMS POVERTY REDUCTION POLICY FRAMEWORK INDUSTRIAL DEVELOPMENT AGRICULTURAL DEVELOPMENT POWER SECTOR REFORM FINANCIAL & PRIVATE SECTOR DEVELOPMENT BANKING SECTOR REFORMS TELECOMMUNICATIONS TRANSPORT SECTOR MANAGEMENT INTERNATIONAL TRADE REGIONAL INTEGRATION MACROECONOMIC STABILITY TAX REVENUES TRANSITION ECONOMIES DEBT FINANCING FISCAL SUSTAINABILITY STRUCTURAL REFORMS PRIVATE SECTOR DEVELOPMENT INVESTMENTS HUMAN CAPITAL PHYSICAL DEVELOPMENT MEDIUM TERM PLANS CREDIBILITY MONETARY POLICY REVENUE MOBILIZATION DEBT MANAGEMENT |
| spellingShingle |
ACCOUNTABILITY ACCOUNTING ADB AGRICULTURAL PRODUCTION AGRICULTURE ARABLE AREAS ARABLE LAND ASSETS AUDITS BAD DEBT BALANCE SHEET BANK RESTRUCTURING BANKING SECTOR BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAWS BANKS COMPETITION POLICY CONSUMERS CORPORATE GOVERNANCE CPI CREDIT MARKETS DEBT DEBT SERVICE DEPOSITS DEPRECIATION ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC RELATIONS ECONOMIC SECTORS ELECTRICITY EMPLOYMENT ENTERPRISE OWNERSHIP ENTREPRENEURSHIP EXCHANGE RATE EXPENDITURES FARMS FINANCIAL INSTITUTIONS FINANCIAL SECTOR FISCAL MANAGEMENT FISCAL YEAR GDP GDP PER CAPITA GNP GROSS DOMESTIC PRODUCT GROWTH RATE HORIZONTAL INTEGRATION IDLE CAPACITY INCOME INFLATION INSTITUTIONAL DEVELOPMENT INTEREST RATES INTERNATIONAL TRADE LABOR PRODUCTIVITY LEGAL FRAMEWORK LEGISLATION LEVEL PLAYING FIELD LIVING STANDARDS MACROECONOMIC STABILITY MARGINAL COSTS MARKET POWER MEDIUM TERM EXPENDITURE FRAMEWORK MONETARY POLICIES MONETARY POLICY MONOPOLIES NEW ENTRANTS ORGANIZATIONAL STRUCTURE OWNERSHIP STRUCTURE PENSIONS PRESENT VALUE PRESENT VALUE OF DEBT PRICE CONTROLS PRIVATE SECTOR PRIVATIZATION PRODUCERS PRODUCTIVITY GROWTH PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC HEARINGS PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC TRANSPORT QUOTAS REGULATORY FRAMEWORK REGULATORY POLICY RENT SEEKING RENT SEEKING BEHAVIOR RESOURCE ALLOCATION REVENUE MOBILIZATION REVENUE SHARING ROADS SAVINGS SERVICE CAPACITY STATE ENTERPRISES STATE PROPERTY TAX TAX REVENUES TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TELEPHONE PENETRATION TERMS OF TRADE TOTAL FACTOR PRODUCTIVITY TRANSITION ECONOMIES TRANSPARENCY TRANSPORT VALUATION VALUE ADDED VARIABLE INPUTS WAGES WORLD TRADE ORGANIZATION WTO COUNTRY ECONOMIC & SECTOR WORK ECONOMIC GROWTH PEACE AGREEMENTS REFORM POLICY STABILIZATION INFLATION RATES PRIVATIZATION AGRICULTURAL REFORMS POVERTY REDUCTION POLICY FRAMEWORK INDUSTRIAL DEVELOPMENT AGRICULTURAL DEVELOPMENT POWER SECTOR REFORM FINANCIAL & PRIVATE SECTOR DEVELOPMENT BANKING SECTOR REFORMS TELECOMMUNICATIONS TRANSPORT SECTOR MANAGEMENT INTERNATIONAL TRADE REGIONAL INTEGRATION MACROECONOMIC STABILITY TAX REVENUES TRANSITION ECONOMIES DEBT FINANCING FISCAL SUSTAINABILITY STRUCTURAL REFORMS PRIVATE SECTOR DEVELOPMENT INVESTMENTS HUMAN CAPITAL PHYSICAL DEVELOPMENT MEDIUM TERM PLANS CREDIBILITY MONETARY POLICY REVENUE MOBILIZATION DEBT MANAGEMENT World Bank Tajikistan - Towards Accelerated Economic Growth : A Country Economic Memorandum |
| geographic_facet |
Europe and Central Asia Tajikistan |
| description |
This Country Economic Memorandum (CEM)
looks at the potential for accelerated economic growth in
Tajikistan, where as of the peace agreement of mid-1997,
renewed reform efforts have brought stability, where
inflation is under control, small scale privatization has
been completed, and, efforts to reform agriculture have been
intensified. However, the main challenge lies in reducing
poverty through economic growth, helping the Government
develop a set of policies to achieve this objective. The
report focuses on productive economic sectors, such as
industry, and agriculture, although the importance of the
power sector is also briefly discussed. Finance and banking,
telecommunications and transport, are outlined, basically
due to their importance in the expansion of domestic
economic activity, and regional/international trade. The
report stipulates macroeconomic stability is still fragile,
namely due to low tax revenues, and rising foreign debt,
constraining fiscal sustainability, while implementation of
structural reforms remains elusive, and, the share of
private sector is very low. Nonetheless, Tajikistan's
potential to increase its output with little additional
investment, lies in its human, and physical capital,
provided these are used efficiently in the medium term.
Sustaining macroeconomic stability, requires credibility,
and consistency in monetary policies, improved revenue
mobilization, and careful management of its foreign debt.
But a medium-term strategy should be in place, to sequence
reforms, and enable private development. |
| format |
Economic & Sector Work :: Pre-2003 Economic or Sector Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Tajikistan - Towards Accelerated Economic Growth : A Country Economic Memorandum |
| title_short |
Tajikistan - Towards Accelerated Economic Growth : A Country Economic Memorandum |
| title_full |
Tajikistan - Towards Accelerated Economic Growth : A Country Economic Memorandum |
| title_fullStr |
Tajikistan - Towards Accelerated Economic Growth : A Country Economic Memorandum |
| title_full_unstemmed |
Tajikistan - Towards Accelerated Economic Growth : A Country Economic Memorandum |
| title_sort |
tajikistan - towards accelerated economic growth : a country economic memorandum |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2001/01/1089482/tajikistan-towards-accelerated-economic-growth-country-economic-memorandum http://hdl.handle.net/10986/15701 |
| _version_ |
1764426487549657088 |
| spelling |
okr-10986-157012021-04-23T14:03:13Z Tajikistan - Towards Accelerated Economic Growth : A Country Economic Memorandum World Bank ACCOUNTABILITY ACCOUNTING ADB AGRICULTURAL PRODUCTION AGRICULTURE ARABLE AREAS ARABLE LAND ASSETS AUDITS BAD DEBT BALANCE SHEET BANK RESTRUCTURING BANKING SECTOR BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAWS BANKS COMPETITION POLICY CONSUMERS CORPORATE GOVERNANCE CPI CREDIT MARKETS DEBT DEBT SERVICE DEPOSITS DEPRECIATION ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC RELATIONS ECONOMIC SECTORS ELECTRICITY EMPLOYMENT ENTERPRISE OWNERSHIP ENTREPRENEURSHIP EXCHANGE RATE EXPENDITURES FARMS FINANCIAL INSTITUTIONS FINANCIAL SECTOR FISCAL MANAGEMENT FISCAL YEAR GDP GDP PER CAPITA GNP GROSS DOMESTIC PRODUCT GROWTH RATE HORIZONTAL INTEGRATION IDLE CAPACITY INCOME INFLATION INSTITUTIONAL DEVELOPMENT INTEREST RATES INTERNATIONAL TRADE LABOR PRODUCTIVITY LEGAL FRAMEWORK LEGISLATION LEVEL PLAYING FIELD LIVING STANDARDS MACROECONOMIC STABILITY MARGINAL COSTS MARKET POWER MEDIUM TERM EXPENDITURE FRAMEWORK MONETARY POLICIES MONETARY POLICY MONOPOLIES NEW ENTRANTS ORGANIZATIONAL STRUCTURE OWNERSHIP STRUCTURE PENSIONS PRESENT VALUE PRESENT VALUE OF DEBT PRICE CONTROLS PRIVATE SECTOR PRIVATIZATION PRODUCERS PRODUCTIVITY GROWTH PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC HEARINGS PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC TRANSPORT QUOTAS REGULATORY FRAMEWORK REGULATORY POLICY RENT SEEKING RENT SEEKING BEHAVIOR RESOURCE ALLOCATION REVENUE MOBILIZATION REVENUE SHARING ROADS SAVINGS SERVICE CAPACITY STATE ENTERPRISES STATE PROPERTY TAX TAX REVENUES TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TELEPHONE PENETRATION TERMS OF TRADE TOTAL FACTOR PRODUCTIVITY TRANSITION ECONOMIES TRANSPARENCY TRANSPORT VALUATION VALUE ADDED VARIABLE INPUTS WAGES WORLD TRADE ORGANIZATION WTO COUNTRY ECONOMIC & SECTOR WORK ECONOMIC GROWTH PEACE AGREEMENTS REFORM POLICY STABILIZATION INFLATION RATES PRIVATIZATION AGRICULTURAL REFORMS POVERTY REDUCTION POLICY FRAMEWORK INDUSTRIAL DEVELOPMENT AGRICULTURAL DEVELOPMENT POWER SECTOR REFORM FINANCIAL & PRIVATE SECTOR DEVELOPMENT BANKING SECTOR REFORMS TELECOMMUNICATIONS TRANSPORT SECTOR MANAGEMENT INTERNATIONAL TRADE REGIONAL INTEGRATION MACROECONOMIC STABILITY TAX REVENUES TRANSITION ECONOMIES DEBT FINANCING FISCAL SUSTAINABILITY STRUCTURAL REFORMS PRIVATE SECTOR DEVELOPMENT INVESTMENTS HUMAN CAPITAL PHYSICAL DEVELOPMENT MEDIUM TERM PLANS CREDIBILITY MONETARY POLICY REVENUE MOBILIZATION DEBT MANAGEMENT This Country Economic Memorandum (CEM) looks at the potential for accelerated economic growth in Tajikistan, where as of the peace agreement of mid-1997, renewed reform efforts have brought stability, where inflation is under control, small scale privatization has been completed, and, efforts to reform agriculture have been intensified. However, the main challenge lies in reducing poverty through economic growth, helping the Government develop a set of policies to achieve this objective. The report focuses on productive economic sectors, such as industry, and agriculture, although the importance of the power sector is also briefly discussed. Finance and banking, telecommunications and transport, are outlined, basically due to their importance in the expansion of domestic economic activity, and regional/international trade. The report stipulates macroeconomic stability is still fragile, namely due to low tax revenues, and rising foreign debt, constraining fiscal sustainability, while implementation of structural reforms remains elusive, and, the share of private sector is very low. Nonetheless, Tajikistan's potential to increase its output with little additional investment, lies in its human, and physical capital, provided these are used efficiently in the medium term. Sustaining macroeconomic stability, requires credibility, and consistency in monetary policies, improved revenue mobilization, and careful management of its foreign debt. But a medium-term strategy should be in place, to sequence reforms, and enable private development. 2013-09-09T18:39:03Z 2013-09-09T18:39:03Z 2001-01-05 http://documents.worldbank.org/curated/en/2001/01/1089482/tajikistan-towards-accelerated-economic-growth-country-economic-memorandum http://hdl.handle.net/10986/15701 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Pre-2003 Economic or Sector Report Economic & Sector Work Europe and Central Asia Tajikistan |