News Briefs

Republic of Tajikistan and the IMF

The IMF's Poverty Reduction and Growth Facility (PRGF) -- A Factsheet

News Brief No. 00/98
November 3, 2000
International Monetary Fund
700 19th Street, NW
Washington, D.C. 20431 USA

IMF Approval of Tajikistan PRGF Credit Takes Effect

The International Monetary Fund’s (IMF) Executive Board has decided to make effective today its approval of the third-year program for Tajikistan under the Poverty Reduction and Growth Facility (PRGF) arrangement in an amount equivalent to SDR 40 million (about US$52 million). See Press Release No. 00/58.

The decision by the IMF Executive Board was contingent upon discussion by the World Bank Executive Board of Tajikistan’s interim Poverty Reduction Strategy Paper (PRSP) and a decision that the World Bank has concluded that the interim PRSP provides a sound basis for the development of a fully participatory PRSP and for concessional assistance by the World Bank.

Under Tajikistan’s third-year PRGF arrangement, the IMF Executive Board decision makes available immediately the equivalent of SDR 6.0 million (about US$8 million).


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