National Bank of the Republic of Tajikistan meets Standard & Poor’s analysts for Tajikistan’s sovereign credit rating review

The National Bank of the Republic of Tajikistan held discussions with Standard & Poor’s analysts conducting an assessment of Tajikistan’s sovereign credit rating, with chairman Firdavs Tolibzoda presenting the central bank’s view of recent developments in the banking system and the macroeconomic policy framework. The meeting covered banking-sector conditions, monetary policy and statistical trends, keeping inflation within forecast parameters, financial stability, key monetary and fiscal indicators, implementation of an inflation-targeting regime, and international reserves management. The central bank argued that the forthcoming rating should take account of regional and country-specific factors, gross domestic product growth, the banking system’s profitability, the strengthening of international reserves management, and reforms underway, and noted that it maintains an annual process with S&P for the publication of Tajikistan’s sovereign credit rating.