Republic of Tajikistan: First Assessment Under the 2008 Staff-Monitored Program
December 24, 2008
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This paper on the First Assessment Under the 2008 Staff-Monitored Program (SMP) for the Republic of Tajikistan discusses the ongoing global financial crisis. The main purpose of the SMP is to allow the authorities to reestablish their credibility after a serious episode of misreporting to the IMF. Revenue collection was stronger than projected, mostly reflecting high nominal growth and imports. Monetary and exchange rate policies will have to focus on maintaining external stability. Moreover, a possible sharp depreciation of main trading partners’ currencies may require further exchange rate adjustment.
Subject: Banking, Commercial banks, Education, Financial institutions, Infrastructure, International reserves, Monetary base, Money, National accounts, Project loans, Public financial management (PFM)
Keywords: aluminum smelter, assets of the NBT, bank, Central Asia, country classification, court authorization, CR, debt relief, economic statistics, enterprise, Global, government, Infrastructure, ISCR, Monetary base, NBT, net, net credit, Project loans, reform priority, South Asia
Pages:
44
Volume:
2008
DOI:
Issue:
382
Series:
Country Report No. 2008/382
Stock No:
1TJKEA2008003
ISBN:
9781451837162
ISSN:
1934-7685
Notes
Also available in Russian
