Republic of Tajikistan: First Assessment Under the 2008 Staff-Monitored Program

International Monetary Fund

No 2008/382, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper on the First Assessment Under the 2008 Staff-Monitored Program (SMP) for the Republic of Tajikistan discusses the ongoing global financial crisis. The main purpose of the SMP is to allow the authorities to reestablish their credibility after a serious episode of misreporting to the IMF. Revenue collection was stronger than projected, mostly reflecting high nominal growth and imports. Monetary and exchange rate policies will have to focus on maintaining external stability. Moreover, a possible sharp depreciation of main trading partners’ currencies may require further exchange rate adjustment.

Keywords: ISCR; CR; net; enterprise; NBT; government; bank; debt relief; court authorization; net credit; assets of the NBT; reform priority; country classification; economic statistics; aluminum smelter; Project loans; Monetary base; Infrastructure; Global; Central Asia; South Asia (search for similar items in EconPapers)
Pages: 44
Date: 2008-12-24
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