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Middle East and Central Asia > Uzbekistan, Republic of

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Cover IMF Staff Country Reports
Tajikistan: Recent Economic Developments
International Monetary Fund
Against the backdrop of a serious deterioration in its terms of trade and a large reversal of private capital flows following the Russian crisis in August 1998, the Tajik economy has entered a period of adjustment. Output growth has slowed down, inflation has flared up, and the exchange rate has weakened. More recently, macroeconomic stability has restored as the authorities have embarked on a strong adjustment path in response to adverse external developments and to correct the slippages in policy implementation during 1999.
Keywords:
ISCR; CR; U.S. dollar; exchange rate; debt service; private sector; Tajik authorities; terms of trade; Agricultural commodities; Exchange rates; Electricity; Europe; Asia and Pacific; Central Asia