Republic of Tajikistan: Fifth Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion: Staff Report; and Press Release on the Executive Board Consideration

October 13, 2005

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Republic of Tajikistan: Fifth Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion: Staff Report; and Press Release on the Executive Board Consideration, (USA: International Monetary Fund, 2005) accessed November 22, 2024

Summary

This paper discusses Tajikistan’s Fifth Review Under the Poverty Reduction and Growth Facility (PRGF) and Request for Waiver of Performance Criterion. The macroeconomic outcome in the first quarter of 2005 was satisfactory, but the deteriorating external environment will make it harder to achieve some of the program’s original targets. Expenditure delays and strong nontax revenues resulted in a significant fiscal surplus in the first quarter of 2005. The fiscal outlook for the remainder of 2005 looks less favorable owing to lower-than-projected commodity prices.

Subject: Commercial banks, Credit, Financial institutions, Monetary base, Money, Public debt, Revenue administration

Keywords: Amount, Commercial banks, CR, Credit, Global, Headline inflation, IMF's executive board, ISCR, Monetary base, NBT debt recovery, PRGF arrangement, PRGF loan, Prudent fiscal policy, SDR

Publication Details

Pages:

81
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/368
Stock No:

1TJKEA2005004
ISBN:

9781451837070
ISSN:

1934-7685

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