## Republic of Tajikistan: Staff-Monitored Program

_IMF Staff Country Reports, June 30, 2008_

## Source details

**Canonical URL:** [Republic of Tajikistan: Staff-Monitored Program](https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-tajikistan-staff-monitored-program-22097)

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## Bibliographic details
- Published: June 30, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451837148.002

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### 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.*

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## Content in this bundle

- **Republic of Tajikistan: Staff-Monitored Program; IMF Country Report 08/197; June 10, 2008**
  - [Republic of Tajikistan: Staff-Monitored Program; IMF Country Report 08/197; June 10, 2008 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2008/_cr08197.pdf.md){rel="alternate" type="text/markdown"}
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- **_cr08197r**
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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-tajikistan-staff-monitored-program-22097_