Cooperation between the National Bank of Tajikistan and the International Monetary Fund

On October 18, 2021, within the framework of the virtual visit of IMF Article IV Consultation Mission to the Republic of Tajikistan, the Chairman of the National Bank of Tajikistan Hokim Kholiqzoda had a meeting with Selim Elekdag new IMF Resident Representative to Tajikistan.

At the beginning of the meeting, NBT Chairman Hokim Kholiqzoda expressed satisfaction with the level of bilateral cooperation and congratulated new head of the IMF Mission to Tajikistan Selim Elekdag on his appointment and wished him success in his future endeavors.

In his turn, Mr. Selim Elekdag thanked Management of the National Bank of Tajikistan for warm congratulations and expressed interest in productive and mutually beneficial cooperation.

After wards, Hokim Kholiqzoda Chairman of NBT briefed participants on the macroeconomic situation of country, including GDP, real growth, inflation, financial stability, monetary policy, state of the domestic foreign exchange market and other indicators of banking system.

During the meeting, parties discussed further actions of the National Bank of Tajikistan in the event of unforeseen risks, including COVID-19 related risks, ensuring the stability of monetary policy amid rising world prices, technical assistance programs for effective foreign exchange market regulation, and other matters of cooperation between the National Bank of Tajikistan and the IMF.

“COVID-19 pandemic has once again proved that potential threats to the global economy are always present and that no country can confront themalone. Only timely measures, clear risk mitigation plan, coordination of government agencies and influential international organizations can reduce consequences of such potential threats” stated NBT Chairman Hokim Kholiqzoda.

In this regard, Mr. Selim Elekdag said that the IMF will continue cooperation in priority areas for Tajikistan, and this will play an important role in ensuring financial stability and economic development of the country.

At the end of the meeting, NBT Chairman Hokim Kholiqzoda expressed confidence that existing productive cooperation between the National Bank of Tajikistan and the IMF would contribute to further development of the banking system and country's economy.

Press division