hosted by
funded by
Country Report Tajikistan March 2011
PDF
HTMLEconomic policy: China announces plans for new infrastructure assistance
According to the Ministry of Finance, in December 2010 China expressed its intention to allocate US$187.9m in two loans to Tajikistan for the financing of construction of new roads and electrical transmission lines. A loan of US$151m is to be allocated to rebuild the 115-km Dushanbe-Dangara motorway, and a second loan, for US$36.9m, will be used for the construction of a 220-kv power transmission line linking Khujand with the district of Ayni, where Chinese investors plan the construction of the Nurobad Hydroelectric Station. The Khujand-Ayni transmission line will supply electricity from the planned 200-mw Nurobad hydropower plant and, more critically, will create a unified electricity transmission network inside Tajikistan. Grids in the north and south are currently separate from each other and can only connect via transmission lines in neighbouring Uzbekistan and the Kyrgyz Republic. China Eximbank plans to take part in further infrastructure development projects in Shanghai Co-operation Organisation (SCO) member countries in the coming years, with Tajikistan expecting to receive a further US$700m worth of credits from China.
| Main economic policy indicators | ||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Commercial bank deposit rate (%) | ||||||||||||
| 2008 | 11.5 | 7.1 | 7.7 | 6.4 | 8.3 | 8.3 | 8.1 | 6.4 | 6.8 | 6.3 | 6.0 | 5.4 |
| 2009 | 7.2 | 5.5 | 5.7 | 5.1 | 5.3 | 6.7 | 5.6 | 5.5 | 5.5 | 2.9 | 6.1 | 8.5 |
| 2010 | 13.5 | 6.0 | 4.9 | 5.5 | 4.8 | 5.3 | 4.2 | 6.4 | 7.5 | 5.0 | 4.8 | – |
| Commercial bank lending rate (%) | ||||||||||||
| 2008 | 22.5 | 23.7 | 21.5 | 23.7 | 26.8 | 24.1 | 24.3 | 23.1 | 24.7 | 25.2 | 25.3 | 19.6 |
| 2009 | 26.2 | 25.5 | 25.2 | 23.2 | 24.0 | 22.2 | 21.1 | 21.8 | 19.4 | 17.8 | 22.7 | 25.9 |
| 2010 | 26.0 | 26.6 | 22.7 | 29.0 | 19.9 | 26.3 | 28.3 | 24.0 | 25.0 | 17.0 | 23.0 | – |
| Exchange rate (S:US$; av) | ||||||||||||
| 2008 | 3.47 | 3.46 | 3.45 | 3.43 | 3.45 | 3.43 | 3.43 | 3.42 | 3.42 | 3.41 | 3.40 | 3.42 |
| 2009 | 3.52 | 3.73 | 3.78 | 3.87 | 4.16 | 4.40 | 4.39 | 4.39 | 4.39 | 4.35 | 4.35 | 4.37 |
| 2010 | 4.37 | 4.37 | 4.37 | 4.37 | 4.37 | 4.38 | 4.38 | 4.38 | 4.38 | 4.38 | 4.40 | 4.40 |
| Sources: National Bank of Tajikistan; IMF, International Financial Statistics. | ||||||||||||
Download the numbers in Excel
