DUSHANBE, December 10, 2008, Asia-Plus – Global financial crisis will have multi-aspect impact on Tajikistan, known Tajik lawyer and leader of the Social-Democratic Party (SDPT), Mr. Rahmatillo Zoirov, said in an interview with Asia-Plus.
According to him, the crisis has not yet negatively impacted the country’s financial system because Tajikistan is not producer of main (at this stage) products such as fuel and other energy resources. “Moreover, the crisis is temporarily playing into Tajikistan’s hands,” Zoirov said.
There is no yet well-established production-secured financial system in Tajikistan. “Our financial system is not self-sufficient and it is replenished due to receipts from outside, primarily labor migrants’ remittances,” said Zoirov, “With decrease in external receipts the system will begin to fluctuate feverishly; economic instability will be increasing and corruption will be increasing even more. As a result of the financial crisis the real estate prices will drop as the natural outcome of coming shortage of financial means.”
The SDPT leader expects psychological influence over people to increase, “because the problem of “rational” expenditure of exiting means will arise.” “Problems facing poor people will increase and social gap will broaden,” Zoirov said.
According to him, the financial crisis is not objectively global. “The crisis is selective, primarily sectoral, and depending on this, it hits those or other regional rapidly or gradually,” Zoirov said.
