Republic Of Tajikistan 2015 Article Iv Consultation Press Release And Staff Report
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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.
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2021-09-03
Republic Of Tajikistan 2015 Article Iv Consultation Press Release And Staff Report written by International Monetary Fund. Middle East and Central Asia Dept. and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-03 with Business & Economics categories.
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.
Republic Of Tajikistan 2019 Article Iv Consultation Press Release And Staff Report
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Author : International Monetary Fund. Middle East and Central Asia Dept.
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2021-09-03
Republic Of Tajikistan 2019 Article Iv Consultation Press Release And Staff Report written by International Monetary Fund. Middle East and Central Asia Dept. and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-03 with Business & Economics categories.
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.
Republic Of Tajikistan 2017 Article Iv Consultation Press Release And Staff Report
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Author : International Monetary Fund. Middle East and Central Asia Dept.
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2021-09-03
Republic Of Tajikistan 2017 Article Iv Consultation Press Release And Staff Report written by International Monetary Fund. Middle East and Central Asia Dept. and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-03 with Business & Economics categories.
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.
Republic Of Tajikistan 2021 Article Iv Consultation Press Release Staff Report And Statement By Executive Director For The Republic Of Tajikistan
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2022-02-18
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 has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-02-18 with Business & Economics categories.
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.
Republic Of Tajikistan 2004 Article Iv Consultation And Fourth Review Under The Poverty Reduction And Growth Facility
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Author : Juan Carlos Di Tata
language : en
Publisher:
Release Date : 2005
Republic Of Tajikistan 2004 Article Iv Consultation And Fourth Review Under The Poverty Reduction And Growth Facility written by Juan Carlos Di Tata and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
Republic Of Tajikistan
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Author : David Owen
language : en
Publisher:
Release Date : 2009
Republic Of Tajikistan written by David Owen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Debts, Public categories.
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
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Author : International Monetary Fund
language : en
Publisher:
Release Date : 2007-04-27
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 has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-04-27 with categories.
Republic Of Nauru
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Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2020-01-29
Republic Of Nauru written by International Monetary Fund. Asia and Pacific Dept and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-29 with Business & Economics categories.
This 2019 Article IV Consultation with Republic of Nauru highlights that it remains vulnerable to climate change and has a narrow economic base and limited capacity. Development challenges are increased by unavailability of land and high incidence of noncommunicable diseases. Growth was stronger than expected in FY2018 but slowed in FY2019. The outlook is subdued, with growth expected to reach 2 percent in the medium term. Revenues are projected to decline, necessitating a fiscal adjustment. Risks are skewed to the downside and include the scaling down of Regional Processing Centre activity and revenues, volatile fishing revenues, climate change, and delays in fiscal and structural reforms. Fiscal adjustment is required to avoid a breach of the fiscal anchor, contain debt, and maintain the Trust Fund contributions. New sources of economic growth and income are needed to support Nauru’s development agenda. Policies should be implemented in the near term to support private sector activity, including through financial sector development, state-owned enterprises reform, and land rehabilitation. The effectiveness of education and health spending needs to be improved to meet development goals.
Vietnam
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Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2019-07-16
Vietnam written by International Monetary Fund. Asia and Pacific Dept and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-16 with Business & Economics categories.
This 2019 Article IV Consultation with Vietnam highlights that gradual fiscal consolidation, strict limits on government guarantees and robust growth in recent years have led to declining government debt, expected to continue under current policies. But while there is some fiscal space, fiscal needs are large, for infrastructure, social spending and to deal with population aging. The tightening of credit growth continued in 2018; however, liquidity remained ample, aided by the strong balance of payments and tight fiscal policies. The State Bank of Vietnam has initiated plans to modernize its monetary framework with IMF technical support. The authorities’ efforts to improve economic institutions and governance continue and the fight against grand corruption has resulted in significant sentences in recent high-profile cases. Improvements in transparency and statistical systems are underway, with support from the IMF and the Financial Action Task Force’s Asia Pacific Group.
Global Waves Of Debt
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Author : M. Ayhan Kose
language : en
Publisher: World Bank Publications
Release Date : 2021-03-03
Global Waves Of Debt written by M. Ayhan Kose and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-03 with Business & Economics categories.
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.