The Executive Board of the International Monetary Fund has approved a 22-month Policy Coordination Instrument (PCI) for Tajikistan, as reported by the National Bank of Tajikistan.
The PCI is aimed at supporting macroeconomic stability, strengthening the country's policy foundations, and efforts towards achieving more sustainable and inclusive growth. The program will be reviewed every six months according to a fixed schedule.
The main goal of the program is to improve budget stability, increase opportunities for priority social and development expenditures, and facilitate the process of reducing the country's debt.
Fiscal reforms under the program aim to enhance revenue mobilization, expenditure efficiency, social protection for vulnerable populations, and gradually transition to inflation targeting.
Key priorities outlined in the program include enhancing long-term development opportunities for Tajikistan, improving central bank governance, strengthening supervision and management of fiscal risks related to state-owned enterprises, implementing more effective anti-corruption mechanisms, enhancing transparency in the extractive sector, promoting financial inclusion, and building resilience to climate risks.
