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Republic Of Tajikistan 2015 Article Iv Consultation Press Release And Staff Report
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Author :International Monetary Fund. Middle East and Central Asia Dept. Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781513595610 Total Pages :88 pages Book Rating :4.5/5 (956 download)
Book Synopsis Republic of Tajikistan: 2015 Article IV Consultation-Press Release and Staff Report by : International Monetary Fund. Middle East and Central Asia Dept.
Download or read book Republic of Tajikistan: 2015 Article IV Consultation-Press Release and Staff Report written by International Monetary Fund. Middle East and Central Asia Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 2021-09-03 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth has been strong and poverty has fallen in the past decade, though Tajikistan faces rising vulnerabilities. Growth is now softening and the external position has weakened dramatically as remittances have fallen with the sharp slowdown in Russia and earnings from cotton and aluminum exports have dropped due to global market developments. The exchange rate is under pressure and international reserves are thin. The fiscal position has been near balance in recent years and debt has been kept low, while fiscal space is becoming limited by rising debt service and contingent liabilities.
Book Synopsis Republic of Tajikistan: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by Executive Director for the Republic of Tajikistan by : International Monetary
Download or read book Republic of Tajikistan: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by Executive Director for the Republic of Tajikistan written by International Monetary and published by International Monetary Fund. This book was released on 2022-02-18 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author :International Monetary Fund. Middle East and Central Asia Dept. Publisher :International Monetary Fund ISBN 13 : Total Pages :101 pages Book Rating :4.4/5 (2 download)
Book Synopsis Republic of Tajikistan by : International Monetary Fund. Middle East and Central Asia Dept.
Download or read book Republic of Tajikistan written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2023-03-28 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strong growth continued in 2022 with minimal disruption from the war in Ukraine, while strong financial inflows supported domestic demand and liquidity. Although negative spillovers from the war have not materialized, it remains unclear to what extent Tajikistan will continue to be relatively unaffected by weaker economic activity in Russia.
Book Synopsis Republic of Tajikistan by : International Monetary Fund
Download or read book Republic of Tajikistan written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-04-15 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines Tajikistan’s 2004 Article IV Consultation and Fourth Review Under the Poverty Reduction and Growth Facility. Strengthened fiscal discipline and tighter monetary policy have reduced inflation from 40 percent in 2001 to 5.6 percent in 2004. Strong growth in tax revenues and continued expenditure restraint contributed to small fiscal surpluses during the past two years. Nonetheless, progress in a number of priority reform areas envisaged in the Poverty Reduction Strategy Paper has been slow. In particular, the business environment and public and private sector transparency and governance need to be strengthened further.
Author :International Monetary Fund. Middle East and Central Asia Dept. Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781513595931 Total Pages :81 pages Book Rating :4.5/5 (959 download)
Book Synopsis Republic of Tajikistan: 2019 Article IV Consultation-Press Release and Staff Report by : International Monetary Fund. Middle East and Central Asia Dept.
Download or read book Republic of Tajikistan: 2019 Article IV Consultation-Press Release and Staff Report written by International Monetary Fund. Middle East and Central Asia Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 2021-09-03 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reported economic activity has been strong in 2018-19 and inflation has picked up. The monetary framework is being strengthened. The external position has deteriorated. The fiscal deficit has widened as revenues have declined. Reforms to place the loss-making energy sector on a sound financial footing are underway. The authorities’ development strategy relies on large infrastructure projects— Roghun dam and other large SOE-implemented projects — that need sizable external financing. The financial sector is recovering from the 2015-16 crisis, with a decline in nonperforming loans and improved profitability. The authorities are making efforts to strengthen bank supervision and regulation. However, two formerly-systemic banks remain insolvent and further reforms are needed to restore public confidence in banks.
Author :International Monetary Fund. Middle East and Central Asia Dept. Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781513595566 Total Pages :66 pages Book Rating :4.5/5 (955 download)
Book Synopsis Republic of Tajikistan: 2013 Article IV Consultation-Press Release and Staff Report by : International Monetary Fund. Middle East and Central Asia Dept.
Download or read book Republic of Tajikistan: 2013 Article IV Consultation-Press Release and Staff Report written by International Monetary Fund. Middle East and Central Asia Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 2021-09-03 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tajikistan successfully completed a 3-year ECF-supported program in May 2012 and needs to continue with ambitious reforms. While growth is robust, it is non-inclusive, leading to large-scale outmigration that makes Tajikistan the most remittance-dependent country in the world. The country remains the poorest of the eight in the Caucasus and Central Asia (CCA) and stands next to last among the seven with rankings in the ease of doing business. Reliance on commodity imports, a narrow export base, and low buffers leave the economy vulnerable. Weak macroeconomic policy frameworks restrict the authorities’ ability to dampen shocks. State-directed lending and investment displace market-financed activity and create fiscal risks. Presidential elections are scheduled for November.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1451837003 Total Pages :119 pages Book Rating :4.4/5 (518 download)
Book Synopsis Republic of Tajikistan by : International Monetary Fund
Download or read book Republic of Tajikistan written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-01-15 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper evaluates Tajikistan’s 2002 Article IV Consultation and a Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Tajikistan’s previous IMF-supported program went off track in mid-2001 largely because of poor progress with structural reform and weak management of external debt. To revitalize the reform process, the authorities satisfactorily implemented a Staff-Monitored Program that covered the first half of 2002. The IMF staff commends the authorities for the progress in economic areas realized over the past few years, and supports the authorities' request for a new three-year PRGF arrangement.
Author :International Monetary Fund. Middle East and Central Asia Dept. Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781513595757 Total Pages :83 pages Book Rating :4.5/5 (957 download)
Book Synopsis Republic of Tajikistan: 2017 Article IV Consultation-Press Release and Staff Report by : International Monetary Fund. Middle East and Central Asia Dept.
Download or read book Republic of Tajikistan: 2017 Article IV Consultation-Press Release and Staff Report written by International Monetary Fund. Middle East and Central Asia Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 2021-09-03 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tajikistan is the poorest of the eight Central Asian and Caucasus countries. Economic growth has been high and funded by inward remittances, but poverty remains significant. Macroeconomic policies were generally prudent before the external shocks (lower oil and commodity prices and weaker growth in trading partners) in 2015-16, but slow progress in structural reforms constrained diversification and employment generation. External shocks (through lower remittances and currency depreciation) and an inadequate policy response weakened the external position, exposed major weaknesses in the banking system, and contributed to a rise in public debt. Program discussions held in 2016 were not concluded. While the authorities launched a bank recapitalization plan in December 2016 to maintain depositor confidence and financial stability, additional banking sector reforms are needed.
Book Synopsis Republic of Tajikistan, Staff Report for the ... Article IV Consultation, ... Review Under the ... Annual Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver and Modification of Performance Criteria by :
Download or read book Republic of Tajikistan, Staff Report for the ... Article IV Consultation, ... Review Under the ... Annual Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver and Modification of Performance Criteria written by and published by . This book was released on 2005 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Monetary Fund Staff Publisher :International Monetary Fund ISBN 13 :1475507836 Total Pages :128 pages Book Rating :4.4/5 (755 download)
Book Synopsis Republic of Tajikistan - 2009 Article IV Consultation, Final Review under the Staff-Monitored Program, and Request for a Three-Year Arrangement under the Poverty Reduction and Growth Facility - Staff Report; Staff Supplement; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Tajikistan by : International Monetary Fund Staff
Download or read book Republic of Tajikistan - 2009 Article IV Consultation, Final Review under the Staff-Monitored Program, and Request for a Three-Year Arrangement under the Poverty Reduction and Growth Facility - Staff Report; Staff Supplement; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Tajikistan written by International Monetary Fund Staff and published by International Monetary Fund. This book was released on 2009-07-21 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Author :International Monetary Fund Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781451837131 Total Pages :70 pages Book Rating :4.8/5 (371 download)
Book Synopsis Republic of Tajikistan: 2006 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Tajikistan by : International Monetary Fund
Download or read book Republic of Tajikistan: 2006 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Tajikistan written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2007-04-27 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2006 Article IV Consultation on the Republic of Tajikistan explains political and economic developments. Although Tajikistan's external debt profile has improved significantly, total public and publicly guaranteed debt is projected to increase significantly, mainly because of large project-related disbursements from China. Any financial resources directed to the private sector, particularly if subsidized, should be channeled through the budget in a transparent manner. Executive Directors welcomed the authorities' intention to put in place a debt management strategy that will prevent public debt from exceeding 60 percent of GDP.
Book Synopsis Republic of Tajikistan by : Fondo Monetario Internacional
Download or read book Republic of Tajikistan written by Fondo Monetario Internacional and published by . This book was released on 2005 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Global Waves of Debt by : M. Ayhan Kose
Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Book Synopsis Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries by : International Monetary Fund
Download or read book Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-10-23 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.
Book Synopsis Uzbekistan Quality Job Creation as a Cornerstone for Sustainable Economic Growth by : Kym Anderson
Download or read book Uzbekistan Quality Job Creation as a Cornerstone for Sustainable Economic Growth written by Kym Anderson and published by Asian Development Bank. This book was released on 2020-06-01 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uzbekistan has achieved sustained growth through its gradual transition to a market-based economy through cautious economic policy reforms. Despite its gradual approach to development challenges, the country experienced the smallest output decline among former Soviet economies and enjoyed high rates of economic growth from 2004 to 2015, largely driven by the high prices of its major export commodities. However, the drop in the global prices of many key commodities in recent years have severely impacted Uzbekistan's economy. Under these circumstances, the new government introduced major reforms. The pace of reform is unprecedented. The government has formulated its long-term economic strategy in its Vision 2030, which aims to double the country's gross domestic product by 2030 through a program of economic diversification. This book analyzes how Uzbekistan can boost sustainable economic growth to create more and better jobs. It considers how the country can consolidate achievements from recent policy reforms and maintain reform efforts to accelerate sustainable growth. Policy recommendations cover fostering macroeconomic stability, increasing investment in physical infrastructure, enhancing human capital, improving firms' access to finance, and lowering barriers to international trade and foreign investment inflows.
Book Synopsis Macroeconomics for Professionals by : Leslie Lipschitz
Download or read book Macroeconomics for Professionals written by Leslie Lipschitz and published by Cambridge University Press. This book was released on 2019-01-23 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding macroeconomic developments and policies in the twenty-first century is daunting: policy-makers face the combined challenges of supporting economic activity and employment, keeping inflation low and risks of financial crises at bay, and navigating the ever-tighter linkages of globalization. Many professionals face demands to evaluate the implications of developments and policies for their business, financial, or public policy decisions. Macroeconomics for Professionals provides a concise, rigorous, yet intuitive framework for assessing a country's macroeconomic outlook and policies. Drawing on years of experience at the International Monetary Fund, Leslie Lipschitz and Susan Schadler have created an operating manual for professional applied economists and all those required to evaluate economic analysis.
Book Synopsis Meeting Asia's Infrastructure Needs by : Asian Development Bank
Download or read book Meeting Asia's Infrastructure Needs written by Asian Development Bank and published by Asian Development Bank. This book was released on 2017-02-01 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructure is essential for development. This report presents a snapshot of the current condition of developing Asia's infrastructure---defined here as transport, power, telecommunications, and water supply and sanitation. It examines how much the region has been investing in infrastructure and what will likely be needed through 2030. Finally, it analyzes the financial and institutional challenges that will shape future infrastructure investment and development.
