President of the Republic of Tajikistan

ECONOMY

1. Economic reform and private sector development

Implementation of the initiatives of the Founder of Peace and National Unity, the Leader of the Nation, President of the Republic of Tajikistan, H.E. Emomali Rahmon on national economic reforms, particularly on improvement of investment climate, support to the private sector and  the implementation of the necessary activities on development of priority sectors had a positive impact on the development of Tajikistan and created a favourable environment for sustainable economic development.

Since its early independence, Tajikistan has implemented a series of national economic reforms by transferring from a planned economy to a market based economy and has undertaken various important steps in this direction, including adoption of a number of laws and regulations defining and regulating economic relations.

The emergence of different forms of ownership, creation of various economic activities, privatization of public property, introduction of national currency, liberalization of pricing, establishment of joint ventures, ensuring free foreign trade and addressing priority social issues are among the serious steps in strengthenening Tajikistan’s economy.

More comprehensive and targeted economic reforms started in the mid 90s, which made it possible to avoid decline in production and ensure sustainable economic development.

Consistent implementation of institutional reforms in important public sectors, particularly in governance, finance, banking, real sectors of the economy, as well as in education, health, and social security by drafting and implementing a number of socio-economic development programs and undertaking effective measures contributed to the overall development of the country's economy. The GDP per capita increased by 19.6 times during the last 15 years al