Republic of Tajikistan: Financial System Stability Assessment Report
IMF Staff Country Reports, February 9, 2016
Source details
- Canonical URL
- Republic of Tajikistan: Financial System Stability Assessment Report
Other formats
Bibliographic details
- Published: February 9, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498303019.002
Overview
- Paper highlights Tajikistan's macroeconomic environment and gives an overview of the financial sector and its stability, and discusses its regulatory, supervisory, crisis prevention, and management framework.
- Publication date shown on the page: February 9, 2016.
- Format and identifiers:
- Pages: 57
- Volume: 2016
- Issue: 041
- Series: Country Report No. 2016/041
- DOI: https://doi.org/10.5089/9781498303019.002
- Stock No: 1TJKEA2016001
- ISBN: 9781498303019
- ISSN: 1934-7685
Macroeconomic outlook (as stated in the report)
- The economy of Tajikistan is entering a downturn.
- GDP growth has been on a declining trend.
- Inflation is also projected to rise further.
- The external position continues to deteriorate, putting pressure on the somoni and eroding already low external buffers.
Financial sector structure and vulnerabilities
- The financial sector of Tajikistan is dominated by banks, which account for 84 percent of total financial sector assets.
- Dollarization in the financial sector has been increasing and remains a challenge for foreign exchange risk and credit risk management.
- The banking sector is showing substantial weakness.
Regulatory, supervisory, and crisis frameworks
- The report discusses Tajikistan’s regulatory, supervisory, crisis prevention, and management framework (no specific measures or recommendations are quoted on the landing page).
Topics and subject classification (as listed)
- Subject: Banking, Commercial banks, Credit, Credit risk, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Loans, Money, Nonperforming loans, Stress testing
- Keywords include: AIB restructuring, bank assets, bank shareholder, banking sector, Central Asia and the Caucasus, CR, Credit, Credit risk, FX loan, Global, illiquid bank, interest rate, ISCR, liquidity lending, Loans, national bank, Nonperforming loans, resolution framework, restructuring AIB, Stress testing
Summary findings and implications (page synopsis)
- Macroeconomic deterioration and falling GDP growth combined with rising inflation and a weakening external position signal rising macro-financial risks.
- A banking sector dominated landscape (84 percent of assets) with increasing dollarization heightens vulnerabilities related to foreign exchange risk and credit risk management.
- Overall assessment: the economy is entering a downturn and the banking sector shows substantial weakness.
International Monetary Fund. Monetary and Capital Markets Department "Republic of Tajikistan: Financial System Stability Assessment Report", IMF Staff Country Reports 2016, 041 (2016), accessed 9/12/2026, https://doi.org/10.5089/9781498303019.002