Middle East & Central Asia News
LAST UPDATE: June 26, 2025
IMF praises Tajikistan’s economic progress, urges continued reforms
Following the 2025 Article IV and second PCI review, the IMF highlighted Tajikistan’s strong growth (~8.3% in 2024), low inflation (~3.6%), healthy reserves (~7 months imported coverage), and reduced public debt (~25% of GDP). It recommended ongoing reforms in revenue, SOEs, energy pricing, and governance .
Insight
Tajikistan’s macroeconomic gains reflect effective economic management. Continued institutional reforms, especially in SOEs and energy pricing, will be crucial to reducing vulnerabilities and achieving resilient development.
IMF Urges Uzbekistan to Increase Exchange Rate Flexibility
The IMF recommended that Uzbekistan widen the exchange rate band for the Uzbek som to serve as an automatic stabilizer, accumulate reserves, and enhance monetary policy effectiveness following its Article IV consultation .
Insight
Greater exchange-rate flexibility would reduce external imbalances and align Uzbekistan with global standards, supporting economic resilience and monetary policy credibility.
