Tajikistans vital remittance income hurt by Russian Federation economic downturn

Published: Jan. 16, 2019, 9:44 a.m.

b'Falling international energy prices, which are causing an economic crisis in the Russian Federation and some other countries in the region, are having major spillover effects on Central Asia. In the economy and financial sector of Tajikistan, remittances from workers have fallen sharply.\\n\\nTajikistan covers some 141,000 square kilometers, with a population of about 9 million people. With a gross domestic product of about $7.0 billion\\u2014per capita about $800\\u2014it is one of the most remittance-dependent countries in the world.\\n\\nFor several years it was number one in the world in remittances-to-GDP ratio in 2014, dropping to fourth place in 2016 because remittances from the crisis-affected Russian Federation declined. \\n\\nRead the transcript\\nhttps://bit.ly/2SVDPLz\\n\\nRead the working paper\\nhttps://www.adb.org/publications/financial-inclusion-regulation-literacy-education-tajikistan\\n\\nAbout the authors\\nRoman Mogilevskii is associate director and senior research fellow at the Institute of Public Policy and Administration.\\nShokhboz Asadov is a senior research fellow also at the Institute of Public Policy and Administration, University of Central Asia.\\n\\nKnow more about ADBI\\u2019s work\\nhttps://bit.ly/2FCrKr2\\nhttps://bit.ly/2RykSly'