President Rahmon has ruled for decades, with PM Rasulzoda leading the cabinet. The Rogun hydropower plant dominates state spending, and at the September 2026 Korea-Central Asia summit in Seoul the two countries upgraded ties to a comprehensive partnership and signed 17 agreements and MOUs.
What a Korean company can do now
- 3 open tenders — next deadline 2026-11-19Payout software and MIS for the Deposit and Savings Insurance Fund (DSIFT)
- Korean support you can useKOTRA cooperation with Tajikistan's export agency and a 'Korea Desk' · KOTRA
- Promising business opportunityTransmission/distribution equipment and substation EPC
Government · leader
President Emomali Rahmon (also head of government) / Prime Minister Kokhir Rasulzoda
Key national agenda
- Faster Rogun construction and power exports
- Wider tax base, arrears clearance and digital data exchange
- Import substitution and more domestic production
- Rail, transport and logistics links; critical minerals (antimony) cooperation
- Irrigation and water supply upgrades
Government programmes
Rogun hydropower plant2026: TJS 10bn+ (planned); World Bank US$650m (approved total)
Over TJS 10bn planned for 2026 (TJS 8.2bn in the budget). World Bank IDA grant US$350m (2024) plus a US$300m second phase in June 2026; AIIB, IsDB and others also financing.
2026 state budgetSpending ~TJS 67bn (~US$7.2bn)
Revenue ~TJS 65bn, spending ~TJS 67bn, deficit ~1% of GDP. Fuel and energy get 22.4% (TJS 15bn), about 90% of it for Rogun.
Draft 2027 state budgetRevenue TJS 80.1bn (projected)
Revenue TJS 80.1bn (~US$8.7bn, +23.2% vs 2026); social spending TJS 36.7bn (44.8%). Reviewed at a 30 Oct 2026 government meeting (single source).
World Bank Second Strengthening Water and Irrigation Management (SWIM 2)Unverified
Works tendered incl. 17.6km Sebiston-Dangara pipeline and Beshkent hydro unit rehabilitation.
World Bank Tajikistan Digital Foundations ProjectUnverified
Digital service design, ICT courses for women and more; closes Dec 2030.
World Bank Financial and Private Sector Development ProjectUS$50m (approved)
Includes payout software and MIS for the Deposit and Savings Insurance Fund; closes Sep 2028.
Business opportunities
Transmission/distribution equipment and substation EPC
🔒 Why-now and buyers — analysis member ₩19,800/mo
Open this week
Irrigation pumps and water treatment equipment
World Bank SWIM 2 and KOICA Rudaki irrigation run in parallel.
ALRI
E-government and financial information systems
🔒 Why-now and buyers — analysis member ₩19,800/mo
Rail and logistics cooperation
🔒 Why-now and buyers — analysis member ₩19,800/mo
Critical minerals (antimony) supply chain
🔒 Why-now and buyers — analysis member ₩19,800/mo
Free members get a human-reviewed summary by email for up to 3 countries a month (sent within 24h). BUILD members get them all.
Tenders
- Reconstruction of the Sebiston-Dangara water pipeline (17.6km), Khatlon · Fergana Valley Water Resources Management Project PMU under ALRI · Deadline 2026-11-30
- Rehabilitation of Beshkent Hydro Unit, Shakhrituz district · Fergana Valley Water Resources Management Project PMU under ALRI · Deadline 2026-11-30
- Payout software and MIS for the Deposit and Savings Insurance Fund (DSIFT) · PIU for Access to Green and Rural Development Finance, Ministry of Finance · Deadline 2026-11-19
ODA · EDCF projects
- Strengthening digitalisation of government functions · KOICA 무상 · 승인 · US$6.5m
- Vahdat power grid improvement, phase II · KOICA 무상 · 진행 · US$14m
- Rudaki district irrigation facility improvement and capacity building · KOICA 무상 · 진행 · US$10.5m
- Modernised horticulture greenhouse foundation, Hisor · KOICA 무상 · 진행 · US$8m
Korean support schemes
- KOTRA cooperation with Tajikistan's export agency and a 'Korea Desk' · KOTRA — The September 2026 summit agreed a dedicated desk to support Korean companies.
- KOICA country programme · KOICA — Grant projects in power, irrigation and digital government generate equipment and service procurement.
- SME Export Voucher · Korea SMEs and Startups Agency — Voucher support for overseas marketing, translation, certification and consulting for Korean SMEs.
- K-SURE short-term export insurance and project guarantees · Korea Trade Insurance Corporation — Covers buyer non-payment and country risk, and guarantees overseas project finance.
Official notices
Office of the President of Tajikistan
- 2026-10-30 Government meeting chaired by President Rahmon reviews draft 2027 budget (revenue TJS 80.1bn)
- 2026-10-18 PM Rasulzoda meets Chinese Premier Li Qiang in Dushanbe
- 2026-09-16 President Rahmon's state summit in Seoul; ties upgraded to comprehensive partnership
- 2026-06-30 World Bank approves a US$300m second-phase grant for Rogun
Disaster · conflict · epidemic
Stable 2026-11-07
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Earth & space
Credit rating · FX
S&P B (positive, outlook raised Feb 2026) / Moody's B2 (stable, upgraded Mar 2026) / Fitch unverified · K-SURE Unverified · TJS
Sanctions
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Not subject to any country-level UN, US, EU, UK or Korean programme; Russia-linked counterparties should be screened individually.
