DUSHANBE, July 31, 2012, Asia-Plus – Over the first quarter of this year, the economic growth in Tajikistan has stood at 7.2 percent, the quarterly survey by the Eurasian Development Bank (EDB), entitled “CIS Macromonitor,” said.
Industrial production has reportedly increased over the report period by 14.6 percent. Textile and sewing sectors have increased by 80 percent over the same three-month period. Production of cotton fiber has increased 1.2 times in January-March of this year that has allowed increasing export of this product by 65.1 percent, the quarterly survey conducted by the EDB Analytic Unit said.
However, the fall in international cotton prices has led to a 24.9 decrease in Tajikistan’s export proceeds and the fall in export prices and the rise in import prices has resulted in the trade balance deficit increasing, the survey noted.
CIS Macromonitor is the quarterly survey by the EDB Analytic Unit. On a regular basis, it reviews and discusses tendencies and problems, also providing economic development forecasts for the CIS countries. While focusing in first place on the economic issues of the EDB member countries, CIS Macromonitor also presents analytic boxes dedicated to certain relevant issues of macroeconomic situation in the region.
Eurasian Development Bank (EDB) is an international financial organization founded by Russia and Kazakhstan in 2006. The members of the Bank are Russia, Kazakhstan, Armenia, Tajikistan and Belarus (2010). Other states or international organizations can become members by joining the Agreement Establishing the EDB. The Bank has authorized capital in exceeds US$1.5 billion, which was formed of contributions by its member states: Russia (US$1billion), Kazakhstan (US$500 million), Armenia (US$100,000), Tajikistan (US$500,000) and Belarus (US$15 million). The authorized capital may be increased by resolution of the Bank’s Council. The Bank has the status of an international organization, and is subject to international law.
