Tajikistan: First and Second Review Under the Three-Year Arrangement Under the Extended Credit Facility, Request for Waiver of Performance Criteria, and Request for Augmentation of the Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Tajikistan.
July 9, 2010
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Tajikistan was hit by severe external shocks in 2009. The government plans to address the structural energy deficit and achieve energy independence. Tajikistan should proceed with care on the Roghun project, paying close attention to social, macroeconomic, and debt sustainability. The need is to strike a careful balance between social and capital spending, which are complementary for growth. Macroeconomic policies are appropriate, but the weakened health of the banking sector and of state-owned enterprises needs to be addressed urgently.
Subject: Banking, Commercial banks, Exchange rates, External audit, Financial institutions, Labor, Project loans, Public debt, Public financial management (PFM)
Keywords: amount equivalent to SDR, Central Asia, Central Asia and the Caucasus, Commercial banks, CR, debt constraint, Global, government, ISCR, NIR audit report, Project loans, Tajik authorities, Tajikistan, Tajikistan's request
Pages:
114
Volume:
2010
DOI:
Issue:
203
Series:
Country Report No. 2010/203
Stock No:
1TJKEA2010002
ISBN:
9781455206940
ISSN:
1934-7685
