2026-2-9 09:51 |
The mission signals EFSD’s continued engagement in assessing Tajikistan’s macroeconomic stability, fiscal outlook, and debt sustainability, with its recommendations expected to influence medium-term economic policy and reform priorities.
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The EBRD has approved a 38 million euro sovereign loan to finance the modernization of a 49-kilometer stretch of the Dangara to Guliston road in Tajikistan. This road, built in the 1930s, is a crucial connection between the north and south of the Khatlon region, which produces over 53% of the country's agricultural output and houses 35% of Tajikistan's population.
The agreement reflects Kyrgyzstan’s efforts to deepen cooperation with multilateral lenders in order to strengthen financial intermediation, support private sector development, and diversify sources of long-term funding for the domestic economy.
In 2025, foreign currency lending in Tajikistan took a hit, showing a dip in demand for FX loans and a slow but steady move towards borrowing in the national currency.
In 2025, the National Bank of Tajikistan maintained a stable lending position in the national currency, with a slight decline reflecting cautious credit management and liquidity adjustments.
In 2025, Tajikistan’s financial institutions steadily expanded lending, reflecting growing credit demand and stronger support for the economy.
In 2025, the National Bank of Tajikistan maintained a stable lending position, with only a slight decline reflecting cautious credit management and liquidity adjustments.
In 2025, Tajikistan’s banking system experienced steady growth in lending, reflecting stronger credit activity and expanding support for the economy.