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Republic of Tajikistan :, 2011 Article IV Consultation, Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Request for Waiver of Nonobservance for Performance Criteria and Modification of Performance Criterion-Staff Report; Staff Supplements; and Public Information Notice on the Executive Board Discussion

Label
Republic of Tajikistan :, 2011 Article IV Consultation, Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Request for Waiver of Nonobservance for Performance Criteria and Modification of Performance Criterion-Staff Report; Staff Supplements; and Public Information Notice on the Executive Board Discussion
Language
eng
Abstract
Tajikistan’s economic performance has been satisfactory, but challenges still remain. Executive Directors agreed that the challenge is to support recovery while addressing risks to macroeconomic stability. They emphasized for prudent monetary stance to avoid inflation and also to address vulnerabilities in the financial sector. Directors agreed that structural reforms should be given top priority. They welcomed progress in establishing a framework for agricultural financing. Directors commended plans to improve the business climate through a reform of the tax regime and improved transparency and accountability of state-owned enterprises
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
Republic of Tajikistan :
Nature of contents
dictionaries
Series statement
IMF Staff Country Reports
Sub title
2011 Article IV Consultation, Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Request for Waiver of Nonobservance for Performance Criteria and Modification of Performance Criterion-Staff Report; Staff Supplements; and Public Information Notice on the Executive Board Discussion
Table Of Contents
Cover; Contents; Executive Summary; I. Overview: Recovery Gains Ground but Challenges Remain; A. Growth Returns, Inflation Rises; B. External Accounts-Temporary Shift to Surplus; C. Financial Sector-Post-Crisis Problems Remain; D. Policy Stance; Boxes; 1. Exchange Rate Analysis; 2. Financial Sector Developments; II. Medium-Term Outlook; III. Policy Discussions; A. Coping with Price Shocks; B. Financial Sector-Vulnerabilities and Policies; C. Maintaining Fiscal and Debt Sustainability; 3. Medium-Term Fiscal Sustainability; 4. Financial Market DevelopmentsIV. Program Review and Policies for 2011V. Staff Appraisal; 5. State Enterprise Sector and the Problem of Arrears; 6. Financing the Agricultural Sector; Tables; 1. Selected Economic Indicators, 2008-16; 2. General Government Operations, 2007-11; 3. General Government Operations, 2007-11; 4. Accounts of the National Bank of Tajikistan, 2007-11; 5. Monetary Survey, 2007-11; 6. Balance of Payments, 2008-16; 7. External Financing Requirements and Sources, 2008-15; 8. Capacity to Repay the Fund, 2010-20; 9. Reviews and Disbursements under the Three-Year ECF Arrangement, 2009-1210. Financial Soundness Indicators, 2004-10Attachments; I. Letter of Intent; II. Memorandum of Economic and Financial Policies (MEFP) for 2009-12; III. Technical Memorandum of Understanding; Contents; I. Relations with the Fund; II. The JMAP Bank-Fund Matrix; III. Statistical Issues
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