Firdavs Talibzoda meeting with Moody's international rating agency

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On 3 September this year, Chairman of the National Bank of Tajikistan Tolibzoda Firdavs Nazrimad held a meeting with analysts of the international rating agency ‘Moody's Investors Service’ Yang Kim and Arjun Khaitan.

At the beginning of the meeting, the Chairman of the National Bank of Tajikistan presented information on the current state of the country's banking system, monetary policy, as well as on maintaining the inflation rate within the expected indicators. He also voiced the indicators of the banking system and existing opportunities for attracting investments. It was noted that despite the difficult political and economic situation in the world, the Republic of Tajikistan has seen significant progress in all areas, which contributes to stable economic and financial development.

    

“The National Bank of Tajikistan is taking all necessary steps to implement the monetary policy and ensure stability of the banking system in cooperation with other relevant institutions of the country. It also continues reforming the banking sector in order to increase the level of economic and social development of the country,” F. Tolibzoda emphasised.

Moody's analysts shared the methodology of assessment and key factors determining the rating based on indicators of financial stability, monetary policy, implementation of the inflation targeting regime, management of international resources, as well as the presence of potential risks and contingencies. In addition, the financial-budgetary and socio-economic aspects necessary for the assessment of the new rating were discussed.

    

In the final part of the meeting, the Chairman of the National Bank of Tajikistan noted that when compiling the next rating, the peculiarities of the region and the country should be taken into account, as well as such factors as the growth of gross domestic product, profitability of the banking system, strengthening and development of international resource management, ongoing reforms and other significant indicators. This is important because the results of the sovereign credit rating assessment as a key prerequisite for accessing international capital markets can have a positive impact on investment development and cooperation with international financial organisations, investment banks and development partners.

We remind you that since 24 September 2014 the National Bank of Tajikistan has been cooperating with the international rating agency ‘Moody's Investors Service’ in determining the sovereign credit rating of the Republic of Tajikistan.

 

 

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04.09.2024