Tajikistan has limited access to external financing, analysts say

Almaty. March 3. Silkroadnews - Experts from the European Bank for Reconstruction and Development (EBRD) believe that Tajikistan lags behind its neighbors and many other developing countries in access to external financing for the creation of new businesses, informed the Tajik news agency (TajikTA).
"RT lags behind its neighbors in creating a saturated market for access to external financing, which is crucial to finance the growth of the new company", - stated in the report of EBRD about the business environment of Tajikistan on Tuesday.
In particular, the share of loans offered by the private sector in GDP remains in the range of 15-20%, which is below the levels of 2009-2010.
According to EBRD experts, the majority of enterprises in Tajikistan faced with limited access to finance. Consequently, for working capital, they rely more on their own funds.
"Overall, only 15.7% of companies use credit, which is the lowest share in the region. In addition, interest rates are on average higher and maturities shorter than in other countries", - the report says.