Republic of Tajikistan: Ex Post Assessment of Longer-Term Program Engagement
February 17, 2006
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This paper discusses Ex Post Assessment of Longer-Term Program Engagement for the Republic of Tajikistan. The assessment reveals that Tajikistan’s macroeconomic performance during 1998–2005 has been robust, albeit with occasional lapses. Economic growth during this period has far exceeded program projections, but inflation performance has been at times volatile, and often overshot program targets. Macroeconomic stabilization was mainly driven by a strong fiscal consolidation. In contrast, monetary policy has occasionally undermined inflation performance. Initial progress in implementing structural reforms was uneven.
Subject: Arrears, Banking, Debt rescheduling, Economic sectors, Energy sector, External debt, Fiscal consolidation, Fiscal policy, Government debt management, Public financial management (PFM)
Keywords: Arrears, Central Asia, central bank, civil war, CR, debt management, Energy sector, Fiscal consolidation, fund advice, fund competency, fund engagement, fund Involvement, fund program, fund staff report, fund support, government, Government debt management, implementation record, ISCR, lack of experience, staff report, state control, Tajikistan, The Fund
Pages:
26
Volume:
2006
DOI:
Issue:
063
Series:
Country Report No. 2006/063
Stock No:
1TJKEA2006004
ISBN:
9781451837117
ISSN:
1934-7685
