Unprofitable SOEs in Tajikistan burdened by debt that poses risk to country’s financial stability, says World Bank
Most large state-owned enterprises (SOEs) in Tajikistan are unprofitable and represent significant fiscal risks that are a danger to the country’s financial stability, according to a report by the World Bank.
The report, “Tajikistan Economic Update: Focusing on the Footprint of State-Owned Enterprises and Competitive Neutrality, Summer 2024,” concluded that as of early this year, 27 state-owned enterprises monitored by the finance ministry were burdened by a total debt of Tajikistani somoni (TJS) 60.8bn ($5.7bn). The sum is equivalent to 46.5% of Tajikistan’s 2023 gross domestic product.
Among the major debtors are:
The editor-in-chief of Paik, the only independent publication in Tajikistan’s southwestern Khatlon region, has been sentenced to 10 years in prison, Radio Ozodi ... more
Russia in 2024 expelled more than 80,000 migrants for immigration rule violations, compared to 44,200 in 2023 and 26,600 in 2022, TASS reported on January 8. The Russian state news agency cited a ... more
The World Bank has to realise that the Rogun mega project “dream of the biggest dam [in the world] will turn into a nightmare for the people and nature in Tajikistan and beyond” and that it ... more