Tajik bond issue is symptom of chronic debt addiction
Raising funds for a giant hydroelectric plant is only part of a continuing reliance on external borrowing
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In this article
- Budget based on borrowing
- Optimistic assumptions
- Fiscal position worsens
- More stringent conditions
- Chinese credit
- Electric hopes
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_350.jpg "Chinese President Xi Jinping with Tajikistan's President Emomali Rahmon at the Great Hall of the People in Beijing, China (Reuters/Roman Pilipey)")