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The ancient strength in Tajikistan in summer

The ancient strength in Tajikistan in summer. iStock photo.

Tajikistan Resident Representative Site

Resident Representative Office in Tajikistan

This web page presents information about the work of the IMF in Tajikistan, including the activities of the IMF Resident Representative Office. Additional information can be found on the Tajikistan and IMF country page, including IMF reports and Executive Board documents that deal with Tajikistan.

News — Highlights

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IMF presentations at the Finance and Economics Institute of Tajikistan and Russian Tajik Slavonic University

On December 10th, 2014, Mr. Aidyn Bibolov, IMF Resident Representative in Tajikistan, delivered a presentation on the IMF mandate and economic outlook for Tajikistan at the Financial Economic Institute of Tajikistan (FEIT) and on December 12th, 2014, at the Russian Tajik Slavonic University (RTSU). click for more

2014 IMF Regional Economic Outlook Presentation

Presentation by Mr. Aidyn Bibolov, IMF Resident Representative in Tajikistan, December 4, 2014 click for more

2014 IMF Regional Economic Outlook Presentation

On December 4th, Mr. Aidyn Bibolov, IMF Resident Representative in Tajikistan, delivered a Regional Economic Outlook Presentation to members of the government, NBT, diplomatic community, IFIs, business community, think tanks, mass media, and other stakeholders in Tajikistan. click for more

IMF Staff Concludes 2014 Article IV Mission to Tajikistan

Press Release No. 14/527 click for more

Presentation at the Principals Group meeting

On May 29, 2014, Mr. Aidyn Bibolov, IMF Resident Representative in Tajikistan, delivered a presentation on Regional and Country Macroeconomic Update to the Principals Group meeting at UN premises. click for more

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Tajikistan and the IMF

Press Release: IMF Staff Concludes 2014 Article IV Mission to Tajikistan

November 19, 2014

IMF Survey : Caucasus, Central Asia Face Dimmer Growth Prospects

November 3, 2014
Growth in the Caucasus and Central Asia is expected to decline by about one percentage point of GDP in response to the slowdown in Russia, says the latest regional forecast by IMF staff. click for more

Press Release: IMF Mission Concludes the 2013 Article IV Mission to Tajikistan

April 9, 2013

Press Release: Statement at the Conclusion of an IMF Staff Mission to the Republic of Tajikistan

November 15, 2012

Republic of Tajikistan : Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility: Staff Report; and Press Release

May 15, 2012
Series: Country Report No. 12/110 click for more

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Regional Economic Outlook Update: Middle East & Central Asia

image from the publication cover

Learning to Live With Cheaper Oil Amid Weaker Demand

A large and possibly persistent decline in oil prices, and slower-than-projected growth in the euro area, China, Japan, and Russia, have substantially altered the economic context for countries in the Middle East and Central Asia. The appropriate policy response will depend on whether a country is an oil exporter or importer. A common theme, however, is that these developments present both an opportunity and an impetus to reform energy subsidies and step up structural reform efforts to support jobs and growth.

Lower oil prices have weakened the external and fiscal balances of oil exporters, including members of the Gulf Cooperation Council (GCC). Large buffers and available financing should allow most oil exporters to avoid sharp cuts in government spending, limiting the impact on near-term growth and financial stability. Oil exporters should prudently treat the oil price decline as largely permanent and adjust their medium-term fiscal consolidation plans so as to prevent major erosion of their buffers and to ensure intergenerational equity.

Gains from lower oil prices provide much-needed breathing space for oil importers but will be offset by a concurrent decline in external demand, particularly from Russia, but also from the euro area and China. Russia's sharp slowdown and currency depreciation have weakened the outlook for the Caucasus and Central Asia (CCA) because of strong linkages through trade, remittances, and foreign direct investment, suggesting the need for greater exchange rate flexibility and near-term fiscal easing where financing allows, along with stepped-up reform efforts. Click for more