The economy of Tajikistan grew 6.8% in the first three months of 2010 to over $890 million, with money transfers from abroad constituting one-third, Tajikistan's National Bank said on Monday.
Money transfers increased 5.6% in January-March 2010 from the same period last year, following improvements in the world economic situation and on migrant labor markets.
With a population of about 7 million, practically one out of every ten Tajiks from the impoverished ex-Soviet Central Asian republic works abroad, mostly in Russia, to make ends meet and feed their families at home with money transfers.
Last year, money transfers to Tajikistan dropped 31.3% due to the global economic and financial crisis and negative effects on the Russian economy which provides jobs to 90% of labor migrants from Tajikistan.
DUSHANBE, April 26 (RIA Novosti)
