Ebrd: strategy for Tajikistan

Tajikistan is making gradual progress towards implementation of the principles of Article 1 of the Agreement Establishing the Bank. Transition to a multi-party democracy and political pluralism has been slow, with the last presidential election of November 2006 failing to meet international standards despite improvements from past elections. The country’s advancement towards market orientation of its economy has been uneven, with little progress in key areas of structural and institutional reforms, and is affected by many remaining internal and external challenges, including fragility of the macroeconomic environment.

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