IMF Staff Country Reports

Republic of Tajikistan: Financial System Stability Assessment, including Reports on Observance of Standards and Codes on the following topics, Banking Supervision, and Monetary and Financial Policy Transparency

Publication Date:

December 11, 2008

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The Republic of Tajikistan’s Financial System Stability Assessment and reports on the Observance of Standards and Codes are examined. The Tajik financial system is small despite recent rapid growth. Overall, banks remain well capitalized and liquid, but the brisk expansion of their loan portfolios is rapidly eroding capital buffers in a context where governance and supervision of the financial system raise concerns. The governance, regulatory, and supervisory frameworks for the financial sector should be strengthened. The key areas for the banking sector include licensing, remedial actions, and disclosure of significant shareholders and beneficial ownership.

Series:

Country Report No. 2008/371

Subject:

Banking Commercial banks Credit risk Financial institutions Financial markets Financial regulation and supervision Financial sector Insurance Loans Payment systems

Notes:

Also available in Russian