The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
This Selected Issues paper and Statistical Appendix examines banking sector developments in the Republic of Tajikistan. The paper estimates quasi-fiscal activities in the energy sector, and provides an assessment of external sector trade and the need for further trade reform. Developments in the agriculture sector are assessed. The paper highlights that the lessons that emerge from recent experience indicate that weak institutions in Tajikistan have resulted in erratic implementation of structural reforms, which threaten the sustainability of the economy's improved macroeconomic stability.