Republic of Tajikistan: 2015 Article IV Consultation-Press Release and Staff Report

International Monetary Fund

No 2021/196, IMF Staff Country Reports from International Monetary Fund

Abstract: Growth has been strong and poverty has fallen in the past decade, though Tajikistan faces rising vulnerabilities. Growth is now softening and the external position has weakened dramatically as remittances have fallen with the sharp slowdown in Russia and earnings from cotton and aluminum exports have dropped due to global market developments. The exchange rate is under pressure and international reserves are thin. The fiscal position has been near balance in recent years and debt has been kept low, while fiscal space is becoming limited by rising debt service and contingent liabilities.

Keywords: headline inflation; burden indicator; Tajikistan FSAP update; NBT reform action plan; liquidity lending; transparency policy; Public and publicly-guaranteed external debt; Debt sustainability analysis; Exchange rates; South Asia; Central Asia; Global; Middle East and Central Asia; Europe (search for similar items in EconPapers)
Pages: 89
Date: 2021-09-03
New Economics Papers: this item is included in nep-cis and nep-mac
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