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

September 3, 2021

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Republic of Tajikistan: 2015 Article IV Consultation-Press Release and Staff Report, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Summary

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.

Subject: Debt sustainability analysis, Exchange rates, External debt, Foreign exchange, International organization, Monetary policy, Public and publicly-guaranteed external debt, Public debt

Keywords: Burden indicator, Central Asia, Debt sustainability analysis, Europe, Exchange rates, Global, Headline inflation, Liquidity lending, Middle East and Central Asia, NBT reform action plan, Public and publicly-guaranteed external debt, South Asia, Tajikistan FSAP update, Transparency policy

Publication Details

Pages:

89
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/196
Stock No:

1TJKEA2021002
ISBN:

9781513595610
ISSN:

1934-7685

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