Financial institutions

Sharif Rahimzoda, Chairman of the National Bank of Tajikistan, on the benefits of increasing the use of local currency for the economy of the country.

The EBRD has set up a programme to promote local currency use in its least advanced countries of operation and help them avoid the risks of excessive dependence on foreign currency borrowing.

Sometimes relatively small loans can make a huge, even life-changing difference. That’s what comes to mind when considering microfinance institutions in Tajikistan, one of the poorest countries of the former Soviet bloc.