Meeting of Jamoliddin Nuraliev with the World Bank delegation

The First Deputy Chairman of National Bank of Tajikistan Nuraliev Jamoliddin Kamolovich met with the World Bank delegation including Mr. Sandeep Mahajan, Manager for Macroeconomics, Trade, and Investment and Mr. Ivailo Izvorsky, Senior Economic Expert of the World Bank on October 5, 2021.

The Deputy Chairman of National Bank of Tajikistan Nakhatzoda Mohbonu, Representative of the Republic of Tajikistan in the World Bank and International Monetary Fund Ilhom Rajabov and heads of the NBT key subdivisions have attended the meeting.

At the beginning of the meeting Jamoliddin Nuraliev has expressed satisfaction with the efficient and fruitful cooperation between the National Bank of Tajikistan and the World Bank in the implementation of various projects aimed at economic development of the Republic of Tajikistan and briefly addressed the meeting about banking system indicators of the country, implementation of a series of reforms on effective realization of monetary policy and gradual transition to the inflation targeting regime. 

Jamoliddin Nuraliev has stressed that the measures taken by the Government of the Republic of Tajikistan and National Bank of Tajikistan to reduce the negative impact of the COVID-19 pandemic on the country's economy including the banking system and to this end, provide a number of benefits to financial institutions have promoted to sum up the past financial year positively. Also, assessing the macroeconomic situation in the region, Jamoliddin Kamolovich has noted that the National Bank of Tajikistan could keep the stable inflation rate in such a complicated situation by pursuing a balanced monetary policy and effective use of monetary instruments.

The implementation of an effective exchange rate policy and timely adjustment of the official exchange rate of the US dollar have made it possible to keep the exchange rate of national currency stable against foreign currencies.

In his turn, Mr. Sandeep Mahajan, Macroeconomic, Trade and Investment Manager of the World Bank has noted the contribution of banking system to the country's economic development and measures taken to mitigate the effects of the COVID-19 pandemic. Mr. Sandeep Mahajan has stressed that the reform of banking system in Tajikistan is being implemented steadily and purposefully and its achieved positive results are recognized by international financial institutions.

The issues of supporting various sectors of national economy by the World Bank, expansion of mutually beneficial cooperation in other sectors of the banking system and ways to further strengthen the partnership were also discussed during the meeting.

At the end, the First Deputy Chairman of National Bank of Tajikistan Jamoliddin Nuraliev has expressed satisfaction with the meeting and its results and expressed his willingness to further strengthen cooperation.

Press Division