Republic of Tajikistan: Staff Report for the 2004 Article IV Consultation and Fourth Review Under the Poverty Reduction and Growth Facility

April 15, 2005

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Republic of Tajikistan: Staff Report for the 2004 Article IV Consultation and Fourth Review Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2005) accessed November 22, 2024

Summary

This paper examines Tajikistan’s 2004 Article IV Consultation and Fourth Review Under the Poverty Reduction and Growth Facility. Strengthened fiscal discipline and tighter monetary policy have reduced inflation from 40 percent in 2001 to 5.6 percent in 2004. Strong growth in tax revenues and continued expenditure restraint contributed to small fiscal surpluses during the past two years. Nonetheless, progress in a number of priority reform areas envisaged in the Poverty Reduction Strategy Paper has been slow. In particular, the business environment and public and private sector transparency and governance need to be strengthened further.

Subject: Banking, Credit, External debt, Monetary base, Money, Public debt, Revenue administration

Keywords: Consumer price inflation, Cotton sector reform, CR, Credit, Debt resolution measure, Democrats, Europe, Global, ISCR, Monetary base, PRGF loan, Tajik authorities

Publication Details

Pages:

99
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/132
Stock No:

1TJKEA2005003
ISBN:

9781451837063
ISSN:

1934-7685

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