IMPACT OF REMITTANCES OF LABOR MIGRANTS FROM OECD COUNTRIES ON JOB CREATION IN TAJIKISTAN

Abstract

The article considers the factors of reorientation of labor migration from Tajikistan to new directions in the OECD countries, the channels of emigration from Tajikistan to the OECD countries. Remittances from OECD countries and its impact in the Republic of Tajikistan, as well as remittances from OECD countries to the job creation in the Republic of Tajikistan. After the civil war, the lack of economic opportunities forced many Tajik citizens to seek work abroad. Many young people found themselves without employment opportunities or any reasonable prospects for the future, and labor migration became a safety valve for easing the pressure of social discontent. Russia has become the main migration channels for Tajik citizens. Economic growth in Russia, relatively high wages, ease of migration, and labor shortages have further pushed Tajiks to Russia. But in the mid-2010s, the reorientation of the flow of labor migrants from Tajikistan to a new direction - the OECD countries-gradually began. Tajikistan has made steady progress in reducing poverty over the past decade. One of the main drivers of this economic progress is the remittances of migrant workers. For the country, remittances of migrant workers are considered an alternative way of earning money, which helps to reduce the unemployment rate and increase the country's foreign exchange reserve. The dependence on migration will not decrease in the short term. The Government of Tajikistan has already taken some steps to make migration profitable for both the migrants themselves and their families by providing them with social protection. The purpose of the article is to show the role of remittances of Tajik migrants from OECD countries in creating jobs in the Republic of Tajikistan