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Tajikistan: Annual Remittance Data Confirm Worst Fears

The annual collapse in migrant laborer remittances from Russia to Tajikistan has proven just as catastrophic as expected. 

Russia’s Central Bank announced last week that the amount of money transferred to Tajikistan last year has fallen almost 67 percent, from $3.8 billion in 2014 to $1.28 billion last year. The figure in 2013 was $4.16 billion.

The rout has affected all countries in the region. In Uzbekistan, remittances fell to $2.37 billion last year from $5.58 billion in 2014. In Kyrgyzstan, they dropped from $2.03 billion to $1.08 billion over the same period. 

But no country will be a deeply affected as Tajikistan, where remittances account for roughly half of the gross domestic product.

The impact will be felt most strongly by communities where food security is weak and in which cash from relatives abroad constitutes a very literal lifeline. The World Food Program estimates that food security is an issue for around 20 percent of rural households.

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Tajikistan: Annual Remittance Data Confirm Worst Fears

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