Republic of Tajikistan: 2025 Article IV Consultation and Second Review under the Policy Coordination Instrument and Request for Modification of a Reform Target-Press Release; Staff Report; and Statement by the Executive Director for Republic of Tajikistan
July 8, 2025
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Strong broad-based growth has continued into 2025, alongside an improved public
debt trajectory, as financial inflows have helped boost domestic demand and contributed to a
favorable external position. The medium-term outlook remains positive, but subject to
geopolitical risks that could result in a less favorable external environment. Tajikistan’s
favorable economic performance creates an opportunity to deepen reforms to address
structural vulnerabilities and support domestic job creation.
debt trajectory, as financial inflows have helped boost domestic demand and contributed to a
favorable external position. The medium-term outlook remains positive, but subject to
geopolitical risks that could result in a less favorable external environment. Tajikistan’s
favorable economic performance creates an opportunity to deepen reforms to address
structural vulnerabilities and support domestic job creation.
Subject: Debt sustainability, Debt sustainability analysis, External debt, Public debt
Keywords: Central Asia, Central Asia and the Caucasus, Debt sustainability, Debt sustainability analysis, FX market functioning, Global, government securities auction, market condition, NBT Law, remittance inflow
Pages:
147
Volume:
2025
DOI:
Issue:
169
Series:
Country Report No. 2025/169
Stock No:
1TJKEA2025002
ISBN:
9798229014892
ISSN:
1934-7685
