The DSA has been produced jointly by World Bank and IMF staff, in consultation with Asian Development Bank staff. It updates the last DSA of April 2007 presented in the IMF Staff Report for the 2006 Article IV Consultation. The fiscal year for Tajikistan is January 1-December 31.
Three-year average of CPIA ratings is used according to recently issued joint Bank-Fund Staff Guidance Note on the Application of the joint Bank-Fund Debt Sustainability Framework (October 2008). These guidelines aim at a less volatile assessment of risk than that based on a single latest CPIA rating.
For exports and non-interest current account only 2005-2007 historical averages were used due to a break in the export series which reflects a change in the treatment of exports of aluminum in the current account. For the rest of the variables, the usual 10-year historical average was applied.