Republic of Tajikistan: Staff-Monitored Program
IMF Staff Country Reports, June 30, 2008
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- Republic of Tajikistan: Staff-Monitored Program
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Bibliographic details
- Published: June 30, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451837148.002
Overview
- The proposed Staff-Monitored Program (SMP) in Tajikistan includes a balanced budget objective with a view to securing the inflation goal.
- Monetary policy will aim at containing inflation by targeting reserve money while building up official foreign exchange reserves.
- To mitigate risks of future debt problems, the program includes a well-defined and cautious debt strategy.
- The authorities are taking steps to reinvigorate their cotton sector reform efforts.
Fiscal policy
- Balanced budget objective intended to support the inflation goal.
- Emphasis on maintaining fiscal balance as a core program anchor.
Monetary policy
- Targeting reserve money to contain inflation.
- Building up official foreign exchange reserves as part of reserve policy.
Public financial management and state-owned enterprises
- Public financial management has improved.
- Agreement that monitoring and corporate governance of state-owned enterprises should be enhanced.
Debt strategy and risk management
- Program includes a well-defined and cautious debt strategy to mitigate risks of future debt problems.
Sectoral reforms
- Authorities are taking steps to reinvigorate their cotton sector reform efforts.
Source: Republic of Tajikistan: Staff-Monitored Program (June 30, 2008), IMF Staff Country Reports.
Content in this bundle
- Republic of Tajikistan: Staff-Monitored Program; IMF Country Report 08/197; June 10, 2008
- _cr08197r