Republic of Tajikistan: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by Executive Director for the Republic of Tajikistan

2021 Article IV Consultation-Press Release; Staff Report; and Statement by Executive Director for the Republic of Tajikistan

Volume/Issue: Volume 2022 Issue 053

Publication date: February 2022

ISBN: 9798400203503

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , government of the Republic of Tajikistan , monetary policy stance , liquidation procedure , Tajik authorities , government decree , growth projection , Debt sustainability analysis , Financial statistics , External sector statistics , Global , Central Asia and the Caucasus , Central Asia

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Summary

With a strong recovery in train, the authorities are gradually withdrawing the policy stimulus released during the pandemic. Although debt is sustainable, there is a high risk of debt distress. At the same time, financing the Roghun dam project while implementing tax reform remains a key challenge. The financial sector has stabilized, but intermediation remains low. Risks to the outlook are tilted to the downside due to uncertainty on the pandemic and regional spillovers.