BAKU, Azerbaijan, May 24. Tajikistan is likely to experience sharp reduction in remittances inflows in 2022, Trend reports with the reference to the special report of The Food and Agriculture Organization of the United Nations (FAO).
Tajikistan's most important source of financing and economic growth is remittances, which accounted for 34 percent of the country's GDP in 2021.
According to the FAO, international sanctions against Russia are projected to result in high unemployment rates and a negative impact on demand for goods and services in Russia, reducing work opportunities also for Tajik's migrants.
Meanwhile, the World Bank’s near-term projections for remittances to the region, which are expected to fall by 1.6 percent in 2022, are highly uncertain, dependent on the scale of the situation in Ukraine.