The National Bank of the Republic of Tajikistan hosted a wrap-up meeting with the International Monetary Fund (IMF) to discuss the IMF mission’s third review of Tajikistan’s Policy Coordination Instrument and reported that implementation is proceeding as planned, with the quantitative indicators and reform targets for the review broadly achieved. The central bank linked ongoing reforms to more stable economic growth and to monetary policy outcomes that have kept inflation below the target corridor, while noting that the outlook remains sensitive to economic stability in Tajikistan’s main trading partners. The programme is positioned around strengthening fiscal sustainability and improving monetary and credit policy, exchange rate policy and financial sector policy, alongside measures to support sustainable and inclusive growth; the IMF mission leader indicated that comments and clarifications provided during the discussions would be taken into account.
National Bank of the Republic of Tajikistan 2025-11-05
National Bank of the Republic of Tajikistan reports IMF policy coordination programme third review targets broadly met
The National Bank of the Republic of Tajikistan concluded a meeting with the IMF on the third review of Tajikistan’s Policy Coordination Instrument, noting implementation is on track with reform targets largely met. The central bank highlighted ongoing reforms contributing to stable economic growth and controlled inflation, while emphasizing sensitivity to key trading partners' economic stability. The programme focuses on fiscal sustainability, monetary and credit policy, exchange rate policy, and financial sector policy to support sustainable and inclusive growth.