Republic of Tajikistan: 2019 Article IV Consultation-Press Release and Staff Report
Electronic Access:
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Summary:
Reported economic activity has been strong in 2018-19 and inflation has picked up. The monetary framework is being strengthened. The external position has deteriorated. The fiscal deficit has widened as revenues have declined. Reforms to place the loss-making energy sector on a sound financial footing are underway. The authorities’ development strategy relies on large infrastructure projects— Roghun dam and other large SOE-implemented projects — that need sizable external financing. The financial sector is recovering from the 2015-16 crisis, with a decline in nonperforming loans and improved profitability. The authorities are making efforts to strengthen bank supervision and regulation. However, two formerly-systemic banks remain insolvent and further reforms are needed to restore public confidence in banks.
Series:
Country Report No. 2021/200
Subject:
Exchange rate flexibility Exchange rates External debt Foreign exchange International organization Monetary policy Public debt
Frequency:
regular
English
Publication Date:
September 3, 2021
ISBN/ISSN:
9781513595931/1934-7685
Stock No:
1TJKEA2021006
Pages:
82
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