Executive Board
Calendar
Board Discussions
on the Republic of Tajikistan:

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June 1, 2015
July 19, 2013
January 9, 2012
May 11, 2011
April 21, 2009

Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2016  2017
Real GDP 6.0 4.5
Consumer Prices 6.3 7.3
Source: World Economic Outlook (October 2016)
Please refer to more recent Press Release/Staff reports on this country for possible revisions.

Republic of Tajikistan: Financial Position in the Fund

Transactions with the Fund


Resident Representative Office in Tajikistan

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Republic of Tajikistan and the IMF
Updated October 8, 2016

On June 1, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the consideration of the Article IV consultation of Tajikistan.

Under Article IV of its Article of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective operation of international monetary system. The IMF’s appraisal of such policies involves a comprehensive analysis of the general economic situation and policy strategy of each member country. IMF economists visit the member country, usually once a year, to collect and analyze data and hold discussions with governments and central bank officials. Upon its return, staff submits a report to the IMF Executive Board for discussion.

The authorities need more time to consider the publication of the staff report.

The last Article IV Executive Board Consultation was on June 01, 2015. Listed below are items related to the Republic of Tajikistan, in reverse chronological order (you can also view items by category).

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February 13, 2002 -- Press Release: IMF Executive Board Reviews Tajikistan Misreporting, Remedial Steps
February 04, 2002 -- Poverty Reduction, Growth and Debt Sustainability in Low-Income CIS Countries
Armenia, Azerbaijan, Georgia, the Kyrgyz Republic, Moldova, Tajikistan and Uzbekistan are the poorest countries in the CIS, and their transition to market-based economies over the past decade has been extremely difficult. In many cases, the economic disruptions created by the break-up of the former Soviet Union were compounded by diverse shocks, including armed conflicts and massive changes in the terms of trade. For the group as a whole, real GDP fell by an average of almost 50 percent between 1990 and 1995, and poverty and inequality increased substantially. Since then, growth has resumed, but both financial and physical (life expectancy and nutritional status) indicators of living standards remain depressed or may have deteriorated in some countries. In several cases, a large volume of external debt has also been accumulated, undermining prospects for growth and poverty reduction.
November 17, 2001 -- Statement by Mr. Jean-Pierre Roth, Chairman of the Swiss National Bank, to the International Monetary and Financial Committee, Washington, D. C., November 17, 2001
The International Monetary and Financial Committee member for the constituency consisting of Azerbaijan Republic, Kyrgyz Republic, Republic of Poland, Switzerland, Republic of Tajikistan, Turkmenistan, Uzbekistan, and the Federal Republic of Yugoslavia
October 01, 2001 -- The Russian Financial Crisis and its Consequences for Central Asia
Author/Editor: Pastor, Gonzalo C. | Damjanovic, Tatiana
Series: Working Paper No. 01/169
October 01, 2001 -- The Russian Financial Crisis and its Consequences for Central Asia
Author/Editor: Pastor, Gonzalo C. | Damjanovic, Tatiana
Series: Working Paper No. 01/169
July 27, 2001 -- Tajikistan: Second Review Under the Third Annual Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of a Performance Criterion--Staff Report and News Brief on the Executive Board Discussion
Series: Country Report No. 01/115
July 27, 2001 -- Tajikistan: Second Review Under the Third Annual Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of a Performance Criterion--Staff Report and News Brief on the Executive Board Discussion
Series: Country Report No. 01/115
July 11, 2001 -- News Brief: IMF Approves US$8 Million Loan for Tajikistan Under Third Annual PRGF Program
June 22, 2001 -- Republic of Tajikistan Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, June 22, 2001
This Letter of Intent of the government of the Republic of Tajikistan describes the policies that the Republic of Tajikistan intends to implement in the context of its request for financial support from the IMF.
May 08, 2001 -- Republic of Tajikistan: Statistical Appendix
Series: Country Report No. 01/69
April 29, 2001 -- IMFC Statement by Mr. Kaspar Villiger Minister of Finance of Switzerland Alternate Governor of the IMF for Switzerland
The International Monetary and Financial Committee member for the constituency consisting of Azerbaijan Republic, Kyrgyz Republic, Republic of Poland, Switzerland, Republic of Tajikistan, Turkmenistan, and the Serbia and Montenegro
April 29, 2001 -- IMFC and Development Committee Joint Meeting Statement by Messrs. Kaspar Villiger, Minister of Finance and Pascal Couchepin, Minister of Economic Affairs of Switzerland
The International Monetary and Financial Committee member for the constituency consisting of Azerbaijan, Kyrgyz Republic, Poland, Switzerland, Tajikistan, Turkmenistan, Uzbekistan, Serbia and Montenegro
April 24, 2001 -- Public Information Notice: IMF Concludes Article IV Consultation with the Republic of Tajikistan
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
April 24, 2001 -- Tajikistan: 2001 Article IV Consultation, First Review Under the Third Annual Arrangement Under the Poverty Reduction and Growth Facility; and Request for Waiver and Modification of Performance Criteria -- Staff Report; Public Information Notice and News Brief; Statement on Behalf of the Authorities of Tajikistan
Series: Country Report No. 01/65
April 12, 2001 -- News Brief: IMF Concludes First Review of Tajikistan's Third Annual PRGF Program
March 29, 2001 -- Tajikistan Letter of Intent and Technical Memorandum of Understanding, March 29, 2001
This Letter of Intent of the government of Tajikistan describes the policies that Tajikistan intends to implement in the context of its request for financial support from the IMF.
March 08, 2001 -- Transcript of a Joint Briefing by IMF European II Department Assistant Director, Mohammad Shadman-Valavi, and World Bank Sector Manager, Samuel Otoo, on External Debt and Fiscal Sustainability in Armenia, Georgia, Kyrgyz Republic, Moldova, and Tajikistan
These countries have received little in the way of bilateral grants and have relied increasingly on the Fund and the Bank for financial assistance. Their debt burden is expected to create serious balance of payments and fiscal difficulties and adversely affect poverty reduction efforts in these countries in the coming years.
February 07, 2001 -- Armenia, Georgia, Kyrgyz Republic, Moldova, and Tajikistan: External Debt and Fiscal Sustainability
This paper examines the debt situation in the five CIS countries that are eligible for PRGF and IDA only. It describes the size and composition of the debt and the key factors that have led to its rapid accumulation in recent years.
November 03, 2000 -- News Brief: IMF Approval of Tajikistan PRGF Credit Takes Effect
October 26, 2000 -- News Brief: IMF Management Welcomes Tajikistan's Currency Reform

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