Republic of Tajikistan: Staff-Monitored Program

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 197

Publication date: June 2008

ISBN: 9781451837148

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Money and Monetary Policy , Public Finance , ISCR , CR , balance , government , broad money , current account , exchange rate , monetary policy , central bank , private sector , Project loans , Agricultural commodities , Infrastructure , Central Asia , South Asia

Also of interest

Republic of Congo : 2001 Article IV

Spain

Peru

Malawi

Summary

The proposed Staff-Monitored Program (SMP) in Tajikistan includes a balanced budget objective with a view to securing the inflation goal. While public financial management has improved, there is an agreement that monitoring and corporate governance of state-owned enterprises should be enhanced. Monetary policy will aim at containing inflation by targeting reserve money while building up official foreign exchange reserves. To mitigate risks of future debt problems, the program includes a well-defined and cautious debt strategy. The authorities are taking steps to reinvigorate their cotton sector reform efforts.