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IMF reviews Tajikistan's economy development in 2022

Tajikistan Materials 28 March 2023 18:45 (UTC +04:00)
IMF reviews Tajikistan's economy development in 2022
Alyona Pavlenko
Alyona Pavlenko
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BAKU, Azerbaijan, March 28. Tajikistan continued to experience strong growth in 2022 as strong financial inflows supported domestic demand and liquidity, Trend reports with reference to the International Monetary Fund (IMF)

The issue was discussed during the bilateral consultation between the Executive Board of the IMF and Tajikistan on February 27, 2023.

The IMF noted that the real GDP of the country increased by 8 percent in 2022, while twelve-month inflation remained well-contained at 4.2 percent in December.

However, according to the IMF, an uncertainty in the near-term outlook remains.

“Real GDP growth is projected to decelerate to 5 percent in 2023 as remittances return to historical levels after the increase in 2022”, the fund said.

To mitigate the risks, the directors encouraged the authorities of the country to continue with prudent macroeconomic policies, while implementing structural reforms necessary to promote inclusive growth, improve governance and transparency, and address climate-related vulnerabilities.

Furthermore, the IMF directors emphasized the importance of transparency and governance reforms to address fiscal risks related to state-owned enterprises, including efforts to reduce the financial deficit of the electricity sector.

According to the IMF, it is important to develop the domestic debt market to reduce reliance on external financing.

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