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
IMF Staff Country Reports, December 11, 2008
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- 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
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Bibliographic details
- Published: December 11, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451837155.002
Overview
- 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.
- Governance and supervision of the financial system raise concerns.
Key findings
- The financial system is small despite recent rapid growth.
- Banks are generally:
- Well capitalized.
- Liquid.
- Rapid loan portfolio expansion is rapidly eroding capital buffers.
- Governance, regulatory, and supervisory frameworks for the financial sector are weak and raise concerns.
Policy recommendations
- Strengthen governance frameworks for the financial sector.
- Strengthen regulatory frameworks for the financial sector.
- Strengthen supervisory frameworks for the financial sector.
- Key areas for the banking sector to address:
- Licensing.
- Remedial actions.
- Disclosure of significant shareholders and beneficial ownership.
Subjects and keywords
- Subject: Banking, Commercial banks, Credit risk, Financial institutions, Financial markets, Financial regulation and supervision, Financial sector, Insurance, Loans, Payment systems
- Keywords: balance sheet, bank lending, broad money, Commercial banks, CR, credit risk, Credit risk, exchange rate, financial system, foreign currency, Global, Insurance, interest rate, ISCR, joint stock, liquidity management, Loans, monetary policy, NBT bank supervisor, NBT guideline, negative equity, Payment systems, Tajik bank, transparency practice
Republic of Tajikistan: Financial System Stability Assessment, including Reports on Observance of Standards and Codes (IMF Staff Country Report 2008, 371).
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