Access to finance is one of the foundations of private sector growth. The current financial market in Tajikistan needs further strengthening in order to secure financial stability and broaden access to finance. An important step in this direction has been made with the development of effective credit information-sharing in Tajikistan.
The World Bank Group has been actively involved with the National Bank of Tajikistan in drafting and reforming credit information-sharing legislation since 2008. This effort resulted in the adoption, in March 2009, of the Law on Credit Histories, the passing of an amendment to the licensing law, October 2009, and the implementation of credit bureau regulations in February 2010.