{
  "title": "Republic of Tajikistan: Staff-Monitored Program",
  "publication": "IMF Staff Country Reports, June 30, 2008",
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  "summary": "The proposed Staff-Monitored Program (SMP) in Tajikistan includes a balanced budget objective with a view to securing the inflation goal. While public financial management has improved, there is an agreement that monitoring and corporate governance of state-owned enterprises should be enhanced.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The proposed Staff-Monitored Program (SMP) in Tajikistan includes a balanced budget objective with a view to securing the inflation goal.\n- Monetary policy will aim at containing inflation by targeting reserve money while building up official foreign exchange reserves.\n- To mitigate risks of future debt problems, the program includes a well-defined and cautious debt strategy.\n- The authorities are taking steps to reinvigorate their cotton sector reform efforts."
    },
    {
      "heading": "Fiscal policy",
      "content": "- Balanced budget objective intended to support the inflation goal.\n- Emphasis on maintaining fiscal balance as a core program anchor."
    },
    {
      "heading": "Monetary policy",
      "content": "- Targeting reserve money to contain inflation.\n- Building up official foreign exchange reserves as part of reserve policy."
    },
    {
      "heading": "Public financial management and state-owned enterprises",
      "content": "- Public financial management has improved.\n- Agreement that monitoring and corporate governance of state-owned enterprises should be enhanced."
    },
    {
      "heading": "Debt strategy and risk management",
      "content": "- Program includes a well-defined and cautious debt strategy to mitigate risks of future debt problems."
    },
    {
      "heading": "Sectoral reforms",
      "content": "- Authorities are taking steps to reinvigorate their cotton sector reform efforts.\n\nSource: Republic of Tajikistan: Staff-Monitored Program (June 30, 2008), IMF Staff Country Reports.\n\n---\n\n Content in this bundle\n\n- Republic of Tajikistan: Staff-Monitored Program; IMF Country Report 08/197; June 10, 2008\n  - Republic of Tajikistan: Staff-Monitored Program; IMF Country Report 08/197; June 10, 2008 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Republic of Tajikistan: Staff-Monitored Program; IMF Country Report 08/197; June 10, 2008 (PDF){rel=\"external\" type=\"application/pdf\"}\n- cr08197r\n  - cr08197r (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr08197r (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 30, 2008",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451837148.002",
    "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.",
    "Balanced budget objective intended to support the inflation goal.",
    "Emphasis on maintaining fiscal balance as a core program anchor.",
    "Targeting reserve money to contain inflation.",
    "Building up official foreign exchange reserves as part of reserve policy.",
    "Public financial management has improved.",
    "Agreement that monitoring and corporate governance of state-owned enterprises should be enhanced.",
    "Program includes a well-defined and cautious debt strategy to mitigate risks of future debt problems.",
    "Authorities are taking steps to reinvigorate their cotton sector reform efforts.",
    "**Republic of Tajikistan: Staff-Monitored Program; IMF Country Report 08/197; June 10, 2008**",
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