Republic of Tajikistan - Country Economic Memorandum : Tajikistan’s Quest for Growth: Stimulating Private Investment
The Tajik government in its Poverty Reduction Strategy Paper for 2010-12 set an ambitious target of doubling Gross Domestic Product (GDP) in a decade. Tajikistan clearly has the potential to grow at more than seven percent a year as it has done in...
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| Format: | Country Economic Memorandum |
| Language: | English |
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World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20110616010558 http://hdl.handle.net/10986/2761 |
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okr-10986-2761 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ACCOUNTING ACCOUNTING STANDARDS AGRICULTURAL FINANCE AGRICULTURAL LOANS AGRICULTURAL PRODUCTS ARREARS BALANCE OF PAYMENTS BANK ACCOUNTS BANK BALANCE SHEETS BANK DEBT BANK LOANS BANKING SECTOR BANKING SYSTEM BROAD MONEY BUSINESS COMMUNITY CAPITAL FORMATION CAPITAL INFLOWS CAPITAL INVESTMENT CAPITAL STOCK CENTRAL BANK COLLATERAL COMMERCIAL BANKING COMMERCIAL BANKS CONTRACT ENFORCEABILITY CONTRACT ENFORCEMENT CORPORATE SAVINGS CORRUPTION CREDIT BUREAU CREDIT GROWTH CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT LINES CREDIT RISK CREDITORS CURRENCY CURRENCY EARNINGS CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DEBT FINANCING DEBT LEVELS DEBT RELIEF DEBT SERVICE DEBTORS DEFAULTS DEMAND FOR CREDIT DEPOSIT DEPOSITS DIRECTED CREDITS DISABILITY PENSIONS DIVERSIFICATION DOMESTIC BANKS DOMESTIC CURRENCY DOMESTIC MARKET DOMESTIC MARKETS DURABLE DURABLE GOODS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMERGING ECONOMIES EMPLOYMENT OPPORTUNITIES ENFORCEMENT OF CONTRACTS ENROLLMENT ENTERPRISE PERFORMANCE EXCESS LIQUIDITY EXCHANGE RATE EXPENDITURE EXPORTER EXPORTERS EXTERNAL DEBT EXTERNAL FINANCE EXTERNAL SHOCKS EXTREME POVERTY FAMILIES FAMILY FARMS FARMERS FINANCES FINANCIAL ASSETS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL VIABILITY FIRM PERFORMANCE FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICIES FIXED CAPITAL FLEXIBLE EXCHANGE RATE FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INVESTMENT FREE ACCESS GOVERNMENT BONDS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT INTERVENTIONS GOVERNMENT REGULATION GOVERNMENT REVENUE GROSS DOMESTIC PRODUCT HOLDING HOST COUNTRIES HOUSEHOLD INCOME HOUSEHOLD SAVINGS HOUSEHOLD WELFARE HOUSEHOLDS HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT INCOME INEQUALITY INCOME LEVEL INCOME LEVELS INCOME TAX INEQUALITIES INFLATION INFORMATION ON BORROWERS INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL STANDARDS INVESTMENT CLIMATE INVESTMENT RATE INVESTOR PERCEPTIONS JOINT STOCK COMPANIES JOINT-STOCK COMPANIES JUDICIAL SYSTEM LAND REFORM LAND TITLES LEGAL FRAMEWORK LEGAL RIGHTS LIQUIDITY LIQUIDITY MANAGEMENT LIVING STANDARDS LOAN LOAN APPLICATION LOAN PORTFOLIO LOAN REPAYMENT LOCAL BANKS LONG-TERM INVESTMENT MACROECONOMIC DATA MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MICRO FINANCE MIGRANT LABOR MIGRANT WORKERS MINIMUM CAPITAL REQUIREMENTS MINORITY SHAREHOLDERS MONETARY FUND MONETARY POLICY MONEY MARKET NATIONAL BANK NATIONAL SAVINGS NONPERFORMING LOANS OIL PRICE OIL PRICES OUTSTANDING LOANS PLEDGES POLITICAL RISKS POOR ACCESS POOR COLLATERAL PRICE STABILITY PRICE VOLATILITY PRIVATE CREDIT PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE INVESTORS PRIVATE SECTOR CREDIT PRIVATIZATION PROFITABILITY PROPERTY AS COLLATERAL PROPERTY RIGHTS PUBLIC BORROWING PUBLIC DEBT PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SPENDING PUBLIC-PRIVATE PARTNERSHIPS PURCHASING POWER PUSH FACTOR RATE OF RETURN REAL EXCHANGE RATE REAL INTEREST REAL INTEREST RATES RECEIPTS RECESSION REGULATORY FRAMEWORK REMITTANCE REMITTANCES REPAYMENT REPAYMENT RECORD RETURNS RULE OF LAW SAVINGS RATE SELF-FINANCE SHAREHOLDER SMALL BUSINESSES TAX TAX CODE TAX RATES TAX REGIME TAX SYSTEM TELECOMMUNICATIONS TRADE BALANCE TRADE CREDITS TRADE FACILITATION TRADE FINANCING TRANSPARENCY TREASURY TREASURY BILLS UNEMPLOYMENT UNION WORKING CAPITAL |
| spellingShingle |
ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ACCOUNTING ACCOUNTING STANDARDS AGRICULTURAL FINANCE AGRICULTURAL LOANS AGRICULTURAL PRODUCTS ARREARS BALANCE OF PAYMENTS BANK ACCOUNTS BANK BALANCE SHEETS BANK DEBT BANK LOANS BANKING SECTOR BANKING SYSTEM BROAD MONEY BUSINESS COMMUNITY CAPITAL FORMATION CAPITAL INFLOWS CAPITAL INVESTMENT CAPITAL STOCK CENTRAL BANK COLLATERAL COMMERCIAL BANKING COMMERCIAL BANKS CONTRACT ENFORCEABILITY CONTRACT ENFORCEMENT CORPORATE SAVINGS CORRUPTION CREDIT BUREAU CREDIT GROWTH CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT LINES CREDIT RISK CREDITORS CURRENCY CURRENCY EARNINGS CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DEBT FINANCING DEBT LEVELS DEBT RELIEF DEBT SERVICE DEBTORS DEFAULTS DEMAND FOR CREDIT DEPOSIT DEPOSITS DIRECTED CREDITS DISABILITY PENSIONS DIVERSIFICATION DOMESTIC BANKS DOMESTIC CURRENCY DOMESTIC MARKET DOMESTIC MARKETS DURABLE DURABLE GOODS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMERGING ECONOMIES EMPLOYMENT OPPORTUNITIES ENFORCEMENT OF CONTRACTS ENROLLMENT ENTERPRISE PERFORMANCE EXCESS LIQUIDITY EXCHANGE RATE EXPENDITURE EXPORTER EXPORTERS EXTERNAL DEBT EXTERNAL FINANCE EXTERNAL SHOCKS EXTREME POVERTY FAMILIES FAMILY FARMS FARMERS FINANCES FINANCIAL ASSETS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL VIABILITY FIRM PERFORMANCE FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICIES FIXED CAPITAL FLEXIBLE EXCHANGE RATE FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INVESTMENT FREE ACCESS GOVERNMENT BONDS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT INTERVENTIONS GOVERNMENT REGULATION GOVERNMENT REVENUE GROSS DOMESTIC PRODUCT HOLDING HOST COUNTRIES HOUSEHOLD INCOME HOUSEHOLD SAVINGS HOUSEHOLD WELFARE HOUSEHOLDS HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT INCOME INEQUALITY INCOME LEVEL INCOME LEVELS INCOME TAX INEQUALITIES INFLATION INFORMATION ON BORROWERS INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL STANDARDS INVESTMENT CLIMATE INVESTMENT RATE INVESTOR PERCEPTIONS JOINT STOCK COMPANIES JOINT-STOCK COMPANIES JUDICIAL SYSTEM LAND REFORM LAND TITLES LEGAL FRAMEWORK LEGAL RIGHTS LIQUIDITY LIQUIDITY MANAGEMENT LIVING STANDARDS LOAN LOAN APPLICATION LOAN PORTFOLIO LOAN REPAYMENT LOCAL BANKS LONG-TERM INVESTMENT MACROECONOMIC DATA MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MICRO FINANCE MIGRANT LABOR MIGRANT WORKERS MINIMUM CAPITAL REQUIREMENTS MINORITY SHAREHOLDERS MONETARY FUND MONETARY POLICY MONEY MARKET NATIONAL BANK NATIONAL SAVINGS NONPERFORMING LOANS OIL PRICE OIL PRICES OUTSTANDING LOANS PLEDGES POLITICAL RISKS POOR ACCESS POOR COLLATERAL PRICE STABILITY PRICE VOLATILITY PRIVATE CREDIT PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE INVESTORS PRIVATE SECTOR CREDIT PRIVATIZATION PROFITABILITY PROPERTY AS COLLATERAL PROPERTY RIGHTS PUBLIC BORROWING PUBLIC DEBT PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SPENDING PUBLIC-PRIVATE PARTNERSHIPS PURCHASING POWER PUSH FACTOR RATE OF RETURN REAL EXCHANGE RATE REAL INTEREST REAL INTEREST RATES RECEIPTS RECESSION REGULATORY FRAMEWORK REMITTANCE REMITTANCES REPAYMENT REPAYMENT RECORD RETURNS RULE OF LAW SAVINGS RATE SELF-FINANCE SHAREHOLDER SMALL BUSINESSES TAX TAX CODE TAX RATES TAX REGIME TAX SYSTEM TELECOMMUNICATIONS TRADE BALANCE TRADE CREDITS TRADE FACILITATION TRADE FINANCING TRANSPARENCY TREASURY TREASURY BILLS UNEMPLOYMENT UNION WORKING CAPITAL World Bank Republic of Tajikistan - Country Economic Memorandum : Tajikistan’s Quest for Growth: Stimulating Private Investment |
| geographic_facet |
Europe and Central Asia Eastern Europe Commonwealth of Independent States Central Asia Asia Tajikistan |
| description |
The Tajik government in its Poverty
Reduction Strategy Paper for 2010-12 set an ambitious target
of doubling Gross Domestic Product (GDP) in a decade.
Tajikistan clearly has the potential to grow at more than
seven percent a year as it has done in the recent past, but
it is not going to be easy. The potential for
'catch-up' growth from the depths of the recession
of the 1990s is largely exhausted, the external environment
is now less favorable than it was in the 2000s, and some
drivers of past growth are unlikely to be sustained.
Nevertheless, efforts by the government to create better
conditions for higher private investment, exports, and
employment, as well as strong support from the Tajik
business community and development partners, could make this
target a reality. In the 2000s, the Tajik economy recovered
from the severe transition-related recession and civil
conflict of the 1990s. Macroeconomic performance improved:
inflation fell from 30-40 percent in the late 1990s to
six-seven percent in the mid-2000s, fiscal deficits were
lower, and the current account deficit and external debt
moved to more manageable levels. Real GDP growth averaged
nearly eight percent a year in 2000-08. The poverty
headcount fell sharply, from 72 percent in 2003 to 54
percent in 2007, with more than a million people moving out
of poverty; during the same period, the share of the
extremely poor population fell from 42 percent to 17
percent. Key social indicators (for example, primary and
secondary school enrollment rates, infant mortality,
maternal mortality, and child malnutrition) also improved. |
| format |
Economic & Sector Work :: Country Economic Memorandum |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Republic of Tajikistan - Country Economic Memorandum :
Tajikistan’s Quest for Growth: Stimulating Private Investment |
| title_short |
Republic of Tajikistan - Country Economic Memorandum :
Tajikistan’s Quest for Growth: Stimulating Private Investment |
| title_full |
Republic of Tajikistan - Country Economic Memorandum :
Tajikistan’s Quest for Growth: Stimulating Private Investment |
| title_fullStr |
Republic of Tajikistan - Country Economic Memorandum :
Tajikistan’s Quest for Growth: Stimulating Private Investment |
| title_full_unstemmed |
Republic of Tajikistan - Country Economic Memorandum :
Tajikistan’s Quest for Growth: Stimulating Private Investment |
| title_sort |
republic of tajikistan - country economic memorandum :
tajikistan’s quest for growth: stimulating private investment |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20110616010558 http://hdl.handle.net/10986/2761 |
| _version_ |
1764385909010071552 |
| spelling |
okr-10986-27612021-04-23T14:02:04Z Republic of Tajikistan - Country Economic Memorandum : Tajikistan’s Quest for Growth: Stimulating Private Investment World Bank ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ACCOUNTING ACCOUNTING STANDARDS AGRICULTURAL FINANCE AGRICULTURAL LOANS AGRICULTURAL PRODUCTS ARREARS BALANCE OF PAYMENTS BANK ACCOUNTS BANK BALANCE SHEETS BANK DEBT BANK LOANS BANKING SECTOR BANKING SYSTEM BROAD MONEY BUSINESS COMMUNITY CAPITAL FORMATION CAPITAL INFLOWS CAPITAL INVESTMENT CAPITAL STOCK CENTRAL BANK COLLATERAL COMMERCIAL BANKING COMMERCIAL BANKS CONTRACT ENFORCEABILITY CONTRACT ENFORCEMENT CORPORATE SAVINGS CORRUPTION CREDIT BUREAU CREDIT GROWTH CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT LINES CREDIT RISK CREDITORS CURRENCY CURRENCY EARNINGS CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DEBT FINANCING DEBT LEVELS DEBT RELIEF DEBT SERVICE DEBTORS DEFAULTS DEMAND FOR CREDIT DEPOSIT DEPOSITS DIRECTED CREDITS DISABILITY PENSIONS DIVERSIFICATION DOMESTIC BANKS DOMESTIC CURRENCY DOMESTIC MARKET DOMESTIC MARKETS DURABLE DURABLE GOODS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMERGING ECONOMIES EMPLOYMENT OPPORTUNITIES ENFORCEMENT OF CONTRACTS ENROLLMENT ENTERPRISE PERFORMANCE EXCESS LIQUIDITY EXCHANGE RATE EXPENDITURE EXPORTER EXPORTERS EXTERNAL DEBT EXTERNAL FINANCE EXTERNAL SHOCKS EXTREME POVERTY FAMILIES FAMILY FARMS FARMERS FINANCES FINANCIAL ASSETS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL VIABILITY FIRM PERFORMANCE FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICIES FIXED CAPITAL FLEXIBLE EXCHANGE RATE FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INVESTMENT FREE ACCESS GOVERNMENT BONDS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT INTERVENTIONS GOVERNMENT REGULATION GOVERNMENT REVENUE GROSS DOMESTIC PRODUCT HOLDING HOST COUNTRIES HOUSEHOLD INCOME HOUSEHOLD SAVINGS HOUSEHOLD WELFARE HOUSEHOLDS HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT INCOME INEQUALITY INCOME LEVEL INCOME LEVELS INCOME TAX INEQUALITIES INFLATION INFORMATION ON BORROWERS INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL STANDARDS INVESTMENT CLIMATE INVESTMENT RATE INVESTOR PERCEPTIONS JOINT STOCK COMPANIES JOINT-STOCK COMPANIES JUDICIAL SYSTEM LAND REFORM LAND TITLES LEGAL FRAMEWORK LEGAL RIGHTS LIQUIDITY LIQUIDITY MANAGEMENT LIVING STANDARDS LOAN LOAN APPLICATION LOAN PORTFOLIO LOAN REPAYMENT LOCAL BANKS LONG-TERM INVESTMENT MACROECONOMIC DATA MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MICRO FINANCE MIGRANT LABOR MIGRANT WORKERS MINIMUM CAPITAL REQUIREMENTS MINORITY SHAREHOLDERS MONETARY FUND MONETARY POLICY MONEY MARKET NATIONAL BANK NATIONAL SAVINGS NONPERFORMING LOANS OIL PRICE OIL PRICES OUTSTANDING LOANS PLEDGES POLITICAL RISKS POOR ACCESS POOR COLLATERAL PRICE STABILITY PRICE VOLATILITY PRIVATE CREDIT PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE INVESTORS PRIVATE SECTOR CREDIT PRIVATIZATION PROFITABILITY PROPERTY AS COLLATERAL PROPERTY RIGHTS PUBLIC BORROWING PUBLIC DEBT PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SPENDING PUBLIC-PRIVATE PARTNERSHIPS PURCHASING POWER PUSH FACTOR RATE OF RETURN REAL EXCHANGE RATE REAL INTEREST REAL INTEREST RATES RECEIPTS RECESSION REGULATORY FRAMEWORK REMITTANCE REMITTANCES REPAYMENT REPAYMENT RECORD RETURNS RULE OF LAW SAVINGS RATE SELF-FINANCE SHAREHOLDER SMALL BUSINESSES TAX TAX CODE TAX RATES TAX REGIME TAX SYSTEM TELECOMMUNICATIONS TRADE BALANCE TRADE CREDITS TRADE FACILITATION TRADE FINANCING TRANSPARENCY TREASURY TREASURY BILLS UNEMPLOYMENT UNION WORKING CAPITAL The Tajik government in its Poverty Reduction Strategy Paper for 2010-12 set an ambitious target of doubling Gross Domestic Product (GDP) in a decade. Tajikistan clearly has the potential to grow at more than seven percent a year as it has done in the recent past, but it is not going to be easy. The potential for 'catch-up' growth from the depths of the recession of the 1990s is largely exhausted, the external environment is now less favorable than it was in the 2000s, and some drivers of past growth are unlikely to be sustained. Nevertheless, efforts by the government to create better conditions for higher private investment, exports, and employment, as well as strong support from the Tajik business community and development partners, could make this target a reality. In the 2000s, the Tajik economy recovered from the severe transition-related recession and civil conflict of the 1990s. Macroeconomic performance improved: inflation fell from 30-40 percent in the late 1990s to six-seven percent in the mid-2000s, fiscal deficits were lower, and the current account deficit and external debt moved to more manageable levels. Real GDP growth averaged nearly eight percent a year in 2000-08. The poverty headcount fell sharply, from 72 percent in 2003 to 54 percent in 2007, with more than a million people moving out of poverty; during the same period, the share of the extremely poor population fell from 42 percent to 17 percent. Key social indicators (for example, primary and secondary school enrollment rates, infant mortality, maternal mortality, and child malnutrition) also improved. 2012-03-19T10:12:53Z 2012-03-19T10:12:53Z 2011-01-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20110616010558 http://hdl.handle.net/10986/2761 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank Economic & Sector Work :: Country Economic Memorandum Europe and Central Asia Eastern Europe Commonwealth of Independent States Central Asia Asia Tajikistan |