Unprofitable SOEs in Tajikistan burdened by debt that poses risk to country’s financial stability, says World Bank
Most large state-owned enterprises (SOEs) in Tajikistan are unprofitable and represent significant fiscal risks that are a danger to the country’s financial stability, according to a report by the World Bank.
The report, “Tajikistan Economic Update: Focusing on the Footprint of State-Owned Enterprises and Competitive Neutrality, Summer 2024,” concluded that as of early this year, 27 state-owned enterprises monitored by the finance ministry were burdened by a total debt of Tajikistani somoni (TJS) 60.8bn ($5.7bn). The sum is equivalent to 46.5% of Tajikistan’s 2023 gross domestic product.
Among the major debtors are:
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