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Republic of Tajikistan: First Review Under the Policy Coordination Instrument and Request for Modification of a Quantitative Target and a Reform Target-Press Release and Staff Report

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  • International Monetary Fund

Abstract

Tajikistan has continued to navigate the challenging external environment well. Real GDP rose 8.4 percent during January-September 2024, while inflation remained well-contained at 3.1 percent (y/y) in September. Robust remittances have boosted the external position, with FX reserves at more than 7 months’ import coverage, while prudent fiscal implementation has anchored a continued reduction in public debt. The banking sector remains stable amid steady growth in credit aggregates. Geopolitical fragmentation and regional tensions create uncertainty over the medium-term outlook.

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  • International Monetary Fund, 2025. "Republic of Tajikistan: First Review Under the Policy Coordination Instrument and Request for Modification of a Quantitative Target and a Reform Target-Press Release and Staff Report," IMF Staff Country Reports 2025/002, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2025/002
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    Keywords

    NBT regulation; asset declaration regime; procurement authorities; NBT Law; government approval; Government debt management; Fiscal risks; Monetary base; Global; Central Asia;
    All these keywords.

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