did not join in the World Bank until 1993. Before the collapse of USSR in 1991, Tajikistan was experiencing planned economy which was dominated by Moscow. Right after the dissolution, different from other nations which experienced a relatively stable transition from planned economy to market economy, Tajikistan fell into a serious civil war. As a result, the first mission after Tajikistan became the official member of the World Bank, was to recover its economy from bullets and blood. In 1997. $10 million credit was grant for Post-Conflict Rehabilitation Project. The proposed credit was used to conduct necessary imports and to restore production. Under different time periods, the World Bank and Tajikistan worked together in response to various problems. Later on, the economic crisis of 2008 caused the inflation of food prices in Tajikistan. In response to the crisis, the World Bank issued $6.25 million for the Emergency Food Security and Seed Imports Project in order to help at least 28000 households to release the food price pressure. Coming into the 21st century, Tajikistan received financing from IDA and IBRD of the World Bank with respect to programs of healthcare, education, irrigation and agriculture. Over the past years, Tajikistan has received over 130 projects of which 17 are active and a total of over $1.4 billion from the World Bank. With the help of those projects, from 2000 to 2017, the poverty rate in Tajikistan had been decreased from 83% to 29.5%. Besides, current GDP growth rate in Tajikistan is around 7%. Nevertheless, with a stable GDP growth rate, Tajikistan is still one of the poorest countries in Central Asia.
Voting power
Tajikistan due to its low economic development, does not hold very strong voting power in the World Bank. Belonging to the constituency led by Switzerland, Tajikistan has 53918 votes which contributes to only 0.19 percent of voting power in IDA
International finance cooperation
, one of the sub-organization of the World Bank Group, is mainly responsible for funding projects in developing economies with respect to private sectors. Tajikistan joined the IFC in 1994, one year after it became the member of the World Bank. Starting from 1997, $133 million has been allocated from IFC to fund 40 projects in Tajikistan in private sector. Apart from direct financing support, IFC also builds cooperative relationship with local organizations. Ever since 2008, IFC has already started to provide fund for IMON International, the largest microcredit institution in Tajikistan. In 2015, IFC helped to collect a total of $16.5 million with $5 million from itself again for IMON International in order to boost Tajikistan's domestic private sectors. In 2016, IMON International and the World Bank formed partnership in one of the World Bank Project - Agriculture Commercialization Project, providing advisory support and financing for small business and newly agriculture enterprises.
Development of agriculture industry
According to the World Bank report of Tajikistan in 2017, 21% of total annual GDP and 45% of total employment could be attributed to agriculture sector. In order to better exploit the potential of this industry, the World Bank had come up with multiple projects. Second Tajikistan Public Employment for Sustainable Agriculture and Water Resources Management Project with $18 million from IDA helped approximately 43000 rural households in southern Khatlon region of Tajikistan in terms of higher crop production in 2013. In 2014, the World Bank approved another $22 million for the Agriculture Commercialization Program which allocated $6.7 million to provide with technical support for produce marketing, $15.32 million to small business financing funds and $3.9 million to institutional reform. Up until now, 80 technical advisors had already been trained and over 16000 farmers had received fund or advisory help from the World Bank.
NDS2030
The National Development Strategy of the Republic of Tajikistan - 2030 is the development goal proposed by current government up until 2030. NDS 2030 claims to increase domestic incomes by up to 3.5% times and decrease current poverty rate by 50% in 2030 i. In order to better help with this development goal, the World Bank suggests that NDS should transform its growth model giving more space for private investment. Besides, it is also necessary to reform the banking sector and promote a more fair and transparent business environment. In addition, Tajikistan and the World Bank Group also work together under the new Country Partnership Framework for 2019 - 2023 as part of the steps for realizing NDS 2030. In this partnership strategy, the World Bank states that it will work with Tajikistan in terms of labor market improvement, job creation, private sector development, human capital cultivation and environment protection.
