ADB moves to support Tajik investment climate as remittances dwindle

Migrant Tajik workers

Midnight train to Dushanbe

Tajik investment: The Asian Development Bank (ADB) has allocated $69m to Tajikistan to support the investment climate, it has confirmed, with the first tranche aimed at “increasing cost-effective options, private sector development and investment,” its Central Asian representative Ruben Barreto said this week.
Tajikistan’s low levels of FDI are recognised as a major obstacle to the country’s development, with its business environment dominated by state-owned utilities and SMEs owned by associates of the regime. In practice, most of the country relies on cash remittances from labor migrants which have been adversely effected by Russia’s recent economic woes.

Source: Gazeta