Meeting of Jamoliddin Nuraliev with representatives of Moody’s Investors Service

Working meeting of Mr. Jamoliddin Nuraliev, First Deputy Chairman of the National Bank of Tajikistan with Ms. Atsi Sheth, Mr. Matthew Cirkosta, Analysts of Moody's Investors Service and also Ms. Natali Marshik, expert of “Oppenheimer” Company has taken place on June 14, 2017.

In the beginning of working meeting Mr. Jamoliddin Nuraliev, First Deputy Chairman of the National Bank of Tajikistan has drawn the attention of attendees to current situation of banking system in the Republic of Tajikistan, implementation of reforms in the given area, various directions of development of financial sector and existing possibilities for attracting investments to given sector. It has been noted that rating assessment of any country is considered an important factor for attraction of investment which is an indication of country’s authority and trust in international scene.

During the working meeting parties have expressed opinions on macroeconomic indicators and development prospects of real economy, discussed monetary and socioeconomic issues, and also the problems connected with rating assessment of the Republic of Tajikistan in 2016.

In turn Mr. Matthew Cirkosta and Ms. Atsi Sheth, Moody’s Investors Service Analysts presented rating methodology performance and key factors, defining rating, including, financial stability indicators, fiscal policy, institutional policy and potential risks in emergency situations. Also it have been noted an importance and necessity for studying of banking system situation, international reserves and inflation rate at definition of rating score.

Heads of the NBT structural subdivisions also have participated on working meeting, who expressed their opinions on the presented presentation.

It is necessary to note that Moody's Investors Service has been founded in 1909 and is among of three leading international rating agencies. More than 10 000 employees work in Moody's company in 26 countries, and its assets equal to US$ 3,5 billion.

Cooperation with Moody's Investors Service was established since 2013 which purpose is definition of country’s sovereign rating for further monitoring.

Within the limits of visit, representatives of Moody's Investors Service plan to hold some meetings for discussion rating score of the country with heads of the ministries and departments, such as the National bank of Tajikistan, Ministry of Finance, Ministry of Economic development and trade, Ministry of Energy and Water Resources, Ministry of industry and new technologies, Agency on statistics under the President of the Republic of Tajikistan, and also resident representatives of ADB, IMF, WB, and with heads of diplomatic representatives of the USA and the Russian Federation in the Republic of Tajikistan.

Press Division
NBT