Tajikistan in CAREC
- Tajikistan joined CAREC in 1998
- Since 2001, around $1.13 billion has been invested in transport, trade, and energy
- 12 ongoing CAREC projects
- 10 completed CAREC projects
CAREC in Tajikistan
Tajikistan joined CAREC in 1998 when, as a newly independent nation, it embraced the vision of cooperation with its neighbors to achieve a new era of development and prosperity in the wake of the Soviet Union’s collapse.
The country is bounded by the People’s Republic of China to the east, Afghanistan to the south, Uzbekistan to the west, and the Kyrgyz Republic to the north. Its mountains are the highest in Central Asia and make up more than 90% of its land area. Massive mountain glaciers feed rivers that nourish valley orchards and lowland farms, and provide abundant hydroelectricity.
CAREC Corridor 1, Corridor 3, Corridor 5, and Corridor 6 transit Tajikistan, allowing people and businesses to move within the country and across borders with greater ease and at less cost, increasing trade and improving access to essential jobs and services.
As of 2015, around $1.13 billion has been invested in transport, trade, and energy projects in Tajikistan through CAREC. These projects also promote better connections—within CAREC and with outside markets—that are key to unlocking the region’s vast resources and human potential.
A road construction program has cut travel times between commercial centers in Tajikistan and neighboring countries. Customs modernization and cross-border agreements are also enhancing trade. The government is playing its part in carrying out investments, creating jobs, and stimulating economic growth.
Highlights from the Asian Development Outlook 2015:
Declines in remittances and the traditional exports of aluminum and cotton slowed growth to 6.7% in 2014 from 7.4% a year earlier. Inflation worsened to 6.1%, and the current account deficit to 7.9% of GDP. Expansion will likely slow further to 4.0% in 2015 before recovering to 4.8% in 2016. Inflation will accelerate to 10.0% in 2015 with currency depreciation before easing to 6.5%. The current account deficit should narrow to 5.9% in 2015 and 4.8% in 2016. Read full report
The United Nations Development Programme prepares reports on human development in Tajikistan.