Think of a typical entrepreneur in Dushanbe, with dreams of expanding business. Their products might be in high demand, yet when they seek a loan to grow operations, the high borrowing costs make it almost impossible. This is the reality for countless businesses in Tajikistan. But what if borrowing became affordable, unleashing the entrepreneurial spirit […]
Institutions play an important role in economic growth. The efficiency of institutions such as judicial systems varies across countries and may explain the differences in growth rates and per capita income (Acemoglu et al., 2005). A well-functioning court system eases the establishment of new commercial relations, lowers barriers to entry and enables new markets’ creation, ultimately promoting […]
The World Bank’s agricultural prices index gained momentum in the second half of 2024, propelled by record-breaking price increases in beverages. However, this surge was partially offset by declining food prices. Looking ahead, agricultural prices are projected to decrease by 4 percent in 2025 before stabilizing in 2026. This outlook, however, is subject to significant […]