IMF Staff Country Reports

Republic of Tajikistan: Third Review of the Three–Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion

Publication Date:

August 10, 2004

Electronic Access:

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Summary:

This paper examines Tajikistan’s Third Review of the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF), and Request for Waiver of Performance Criterion. Performance under the PRGF has been generally satisfactory. All quantitative performance criteria, two of the three structural performance criteria, and two of the three structural benchmarks were met through end-May 2004. The continuous structural performance criterion prohibiting directed credit by the National Bank of Tajikistan was not observed in May 2004, but this credit was repaid/reversed by late June, and a waiver is requested on this basis.

Series:

Country Report No. 2004/248

Subject:

Banking Budget planning and preparation Commodity prices Expenditure Monetary base Money Poverty reduction strategy Prices Public financial management (PFM) Revenue administration