UDC 330.322


F. A. Kodirzoda,
Candidate of Economic Sciences,, Associate Professor of the Department of World Economy, Faculty of Finance and Economics Tajik National University, Dushanbe, Republic of Tajikistan


The purpose of this article is to identify and justify the priority areas of investment policy in the Republic of Tajikistan.
Research methods used in this work: analysis and synthesis, econometric modeling.
Result. The article analyzes the sectors of the economy of Tajikistan, which occupy the largest share in the country’s GDP. The author calculates the scale of assessment and interpretation of the significance of structural differences, which allows us to conclude that the most significant structural changes took place in the industry and in the financial services industry.
According to the calculation, a significant level of structural differences is typical for agriculture, transport and communications, which means the sustainable development of these industries. A low level of structural differentiation was noted in construction, trade, and catering.
Conclusion. To determine the dependence of structural changes in industries on the volume of foreign direct investment, the author has compiled a correlation model that considers the impact of foreign direct investment in such industries as industry, agriculture, transport and communications. The econometric calculation shows that the attraction of investments in these industries will have a positive impact on the value of the integral index of sustainable development. In this article, the stages of implementation of the state investment policy are developed, the role of the state at each of the proposed stages is considered.


industries, structural differences, investment policy.