National Bank of the Republic of Tajikistan highlights progress under the IMF Policy Coordination Instrument at regional Spring Meetings discussions

The National Bank of the Republic of Tajikistan reported that Tajikistan’s delegation, including its chairman Firdaus Tolibzoda, took part in a set of International Monetary Fund and World Bank Group Spring Meetings side events focused on regional economic coordination and financial stability, and highlighted Tajikistan’s reform progress under the IMF Policy Coordination Instrument (PCI). At a meeting of finance ministers and central bank governors from the Caucasus and Central Asia with IMF Deputy Managing Director Bo Li, participants discussed the state of regional economic cooperation, trade integration, the digital economy and the expansion of green finance. Tajikistan’s delegation described ongoing economic growth supported by macroeconomic stability, moderate inflation and banking sector resilience, and pointed to results under the PCI in strengthening public financial management, improving the effectiveness of monetary policy, enhancing transparency and improving public debt management. The delegation also emphasised priorities including economic resilience, export diversification, private sector development and continued structural reforms, and highlighted regional cooperation in hydropower, including the Rogun hydropower project, as a potential contributor to clean electricity supply and energy security. In a separate lunchtime consultation for IMF directors from the Middle East and Central Asia, an overview of regional monetary conditions was presented and participants exchanged views on global economic uncertainty, financial market volatility, climate-related project finance, preparing financial sectors for a green economy, strengthening financial system resilience and the role of regulators in mitigating climate risks.