Tajikistan: Recent Economic Developments

International Monetary Fund

No 2000/027, IMF Staff Country Reports from International Monetary Fund

Abstract: Against the backdrop of a serious deterioration in its terms of trade and a large reversal of private capital flows following the Russian crisis in August 1998, the Tajik economy has entered a period of adjustment. Output growth has slowed down, inflation has flared up, and the exchange rate has weakened. More recently, macroeconomic stability has restored as the authorities have embarked on a strong adjustment path in response to adverse external developments and to correct the slippages in policy implementation during 1999.

Keywords: ISCR; CR; U.S. dollar; exchange rate; debt service; private sector; Tajik authorities; terms of trade; Agricultural commodities; Exchange rates; Electricity; Europe; Asia and Pacific; Central Asia (search for similar items in EconPapers)
Pages: 99
Date: 2000-03-06
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Citations: View citations in EconPapers (7)

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