Tajikistan tops remittance-dependency ranking

Photo from panoramio.com

The volume of remittances sent to Tajikistan from abroad accounts for 42% of the country’s GDP, with 90% of remittances originating from Russia, the BBC’s Russian Service has reported.

In this regard, the economic slowdown in Russia and the devaluation of Russian currency continue to have a significant negative impact on the Tajik economy.

According to the World Bank data, over the first two months of 2015, remittances to Tajikistan decreased by almost 40% compared to the same period last year.