Abstract
Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Tajikistan
Fund Relations
(As of March 31, 2020)
Membership Status: Joined April 27, 1993; Article VIII General Resources Account
| SDR Million | Percent Quota | |
|---|---|---|
| Quota | 174.00 | 100.00 |
| Fund Holdings of Currency | 174.00 | 100.00 |
| Reserve position in Fund | 0.00 | 0.00 |
| SDR Million | Percent Quota | |
|---|---|---|
| Quota | 174.00 | 100.00 |
| Fund Holdings of Currency | 174.00 | 100.00 |
| Reserve position in Fund | 0.00 | 0.00 |
SDR Department
| SDR Million | Percent Allocation | |
|---|---|---|
| Net Cumulative allocation | 82.08 | 100 |
| Holdings | 22.24 | 27.09 |
| SDR Million | Percent Allocation | |
|---|---|---|
| Net Cumulative allocation | 82.08 | 100 |
| Holdings | 22.24 | 27.09 |
Outstanding Purchases and Loans
| SDR Million | Percent of Quota | |
|---|---|---|
| ECF Arrangements | 20.88 | 12.00 |
| SDR Million | Percent of Quota | |
|---|---|---|
| ECF Arrangements | 20.88 | 12.00 |
Latest Financial Arrangements
| Type | Approval Date | Expiration Date | Amount Approved (SDR Million) | Amount Drawn (SDR Million) |
|---|---|---|---|---|
| ECF1 | Apr. 21, 2009 | May 09, 2012 | 104.40 | 104.40 |
| ECF | Dec.11, 2002 | Feb. 10, 2006 | 65.00 | 65.00 |
| EFF | Jun. 24, 1998 | Dec. 24, 2001 | 100.30 | 78.28 |
| Type | Approval Date | Expiration Date | Amount Approved (SDR Million) | Amount Drawn (SDR Million) |
|---|---|---|---|---|
| ECF1 | Apr. 21, 2009 | May 09, 2012 | 104.40 | 104.40 |
| ECF | Dec.11, 2002 | Feb. 10, 2006 | 65.00 | 65.00 |
| EFF | Jun. 24, 1998 | Dec. 24, 2001 | 100.30 | 78.28 |
Projected Payments to the Fund 2
| Forthcoming | |||||
|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | |
| Principal | 11.74 | 6.52 | 2.61 | ||
| Charges/Interest | 0.06 | 0.03 | 0.03 | 0.03 | 0.03 |
| Total | 11.81 | 6.55 | 2.64 | 0.03 | 0.03 |
| Forthcoming | |||||
|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | |
| Principal | 11.74 | 6.52 | 2.61 | ||
| Charges/Interest | 0.06 | 0.03 | 0.03 | 0.03 | 0.03 |
| Total | 11.81 | 6.55 | 2.64 | 0.03 | 0.03 |
Implementation of HIPC Initiative: Not applicable Implementation of Multilateral Debt Relief Initiative (MDRI):
| MDRI-eligible debt (SDR Million)3 | 69.31 | |||
| Financed by: MDRI Trust | 69.31 | |||
| Remaining HIPC resources | -- | |||
| Debt Relief by Facility (SDR Million) | ||||
| Eligible Debt | ||||
| Delivery Date | GRA | PRGT | Total | |
| January 2006 | N/A | 69.31 | 69.31 | |
| MDRI-eligible debt (SDR Million)3 | 69.31 | |||
| Financed by: MDRI Trust | 69.31 | |||
| Remaining HIPC resources | -- | |||
| Debt Relief by Facility (SDR Million) | ||||
| Eligible Debt | ||||
| Delivery Date | GRA | PRGT | Total | |
| January 2006 | N/A | 69.31 | 69.31 | |
Safeguards Assessment
The last safeguards assessment was completed in 2010. It recommended to improve the NBT’s organizational structure, transparency, audit arrangements and accounting controls. Subsequently, an NBT reform action plan was drawn up, and since 2010 several measures have been implemented, including six-monthly reviews of NIR data by an external auditor during the 2009–12 ECF arrangement and the addition of non-executive members to the Board of Directors. The NBT financial statements continue to be audited in accordance with international standards and the results are published, albeit with some delays. The NBT is operating with substantial negative equity that amounted to TJS 6.4 billion (equivalent of USD 679 million) at end-2018. A 2018 IMF technical assistance mission recommended a staged recapitalization of TJS 500 million each year beginning early 2019 until positive statutory capital is achieved.
Exchange Rate Arrangements
Tajikistan’s de jure exchange rate arrangement is managed floating and its de facto exchange rate arrangements is classified as stabilized.
With effect from December 9, 2004, the Republic of Tajikistan accepted the obligations of Article VIII, Sections 2, 3, and 4 of the Articles of Agreement. The Republic of Tajikistan maintains one exchange restriction and two multiple currency practices subject to Fund approval under Article VIII, Section 2(a) and Section 3 of the IMF`s Articles of Agreement. Foreign exchange shortages, evidenced by market participants` reports of undue delays in obtaining foreign exchange and external payment arrears, persist in the commercial foreign exchange market as a result of the setting of exchange rates by commercial banks used in foreign exchange transactions, due to informal guidance by the NBT, which do not reflect market conditions. As a consequence of this, not all demand for bona fide foreign exchange for current international transactions is satisfied, giving rise to an exchange restriction. One multiple currency practice arises because of the absence of a mechanism to prevent a potential deviation of more than 2 percent between: (i) the prevailing market exchange rate and (ii) the official exchange rate, which is required to be used for converting domestic currency (somoni) to foreign currency, and vice-versa, between accounts of individuals and legal entities opened within the same commercial bank. The second multiple currency practice arises because of the absence of a mechanism to prevent a potential deviation of more than 2 percent between: (i) the somoni-Russian ruble exchange rate (calculated as a cross-rate using the official exchange rate of the USD to somoni), which is required to be used for mandatory ruble surrender transactions and (with a maximum variation of 0.5 percent) for the purchase/sale in the interbank market of rubles derived from the mandatory surrender and (ii) the market exchange rate banks may use for purchase/sale of Russian rubles derived from other sources. The Republic of Tajikistan also maintains exchange restrictions imposed for security reasons that have been notified to the Fund pursuant to Executive Board decision No. 144–(52/51) Fund.
FSAP Participation
Tajikistan participated in the Financial Sector Assessment Program during 2007–08, and the FSSA report was been published at http://www.imf.org/external/country/TJK/index.htm. An FSAP Update mission was held in January-February 2015 and the associated FSSA was discussed by the Executive Board at the time of the 2015 Article IV consultation.
Article IV Consultation
The 2019 Article IV consultation with Tajikistan was concluded on January 13, 2020.
Resident Representative
Mr. Sobolev, Resident Representative of the Fund, started his assignment in Dushanbe in August 2016.
Technical Assistance
The following table summarizes the Fund’s technical assistance (TA) to Tajikistan since 2006.
Tajikistan: Technical Assistance, 2006–20
Tajikistan: Technical Assistance, 2006–20
| Fund Department | Area of Assistance | Mission Dates |
|---|---|---|
| FAD, LEG | Tax Reform | March 2020-ongoing |
| STA | National Accounts Statistics | June 2019 |
| MCM | Bank Supervision TA and Project Assessment Mission | May 2019 |
| MCM | Bank Resolution | April 2019 |
| MCM | Monetary policy modernization, Reserve Requirement Averaging, and liquidity management | April 2019 |
| STA | Government Finance Statistics | November 2018 |
| MCM | Central Bank Governance, independence, and Recapitalization | November 2018 |
| STA | Balance of Payment Statistics | October 2018 |
| STA | National Accounts Statistics | June 2018 |
| MCM | Bank Supervision and Regulation Assessment | March 2018 |
| MCM | Liquidity Forecasting and Emergency Assistance | March 2018 |
| STA | Government Finance Statistics | October 2017 |
| STA | National Accounts Statistics | September 2017 |
| MCM | Medium-Term Debt Management Strategy | August 2017 |
| MCM MCM | Banking Supervision Banking Supervision | August 2017 April 2017 |
| MCM | Monetary Policy Framework and Implementation | April 2017 |
| LEG | Bank Resolution Framework | October 2016 |
| STA | National Accounts Statistics | July 2016 |
| MCM | Monetary and Foreign Exchange Operations | April 2016 |
| FAD | Accounting and Financial Reporting, Treasury Management, and Fiscal Oversight of State-Owned Enterprises | March 2016 |
| STA | Monetary and Financial Statistics | October 2015 |
| MCM | Financial Stability | October 2015 |
| MCM | Reserve Management | September 2015 |
| FAD | Improving Tax Disputes Resolution Processes in the Tax Committee | June 2015 |
| MCM | Improving Accounting Controls at NBT | April 2015 |
| STA | BOP | April 2015 |
| FAD | Tax Administration | March 2015 |
| STA | Monetary and Financial Statistics | December 2014 |
| MCM | Bank Resolution | May 2014 |
| FAD | PFM Reform | April 2014 |
| FAD | Tax Administration | April/July/November 2014 |
| STA | BOP | April 2014 |
| STA | Monetary and Financial Statistics | December 2013 |
| MCM | Improving Accounting Controls at NBT | October 2013 |
| FAD | PFM Reform | August/November 2013 |
| FAD | Tax Administration | June/November 2013 |
| MCM | Banking Supervision | March 2013 |
| FAD | Tax Administration | March 2013 |
| MCM | Improving Accounting Controls at NBT | February 2013 |
| STA | BOP | December 2012 |
| STA | Monetary and Financial Statistics | November 2012 |
| MCM | Improving Accounting Controls at NBT | November 2012 |
| FAD | Tax Administration | June/August/Oct 2012 |
| STA | National Accounts Statistics | May 2012 |
| STA | Monetary and Financial Statistics | April 2012 |
| FAD | Tax Policy Review | April 2012 |
| FAD | Financial Monitoring of SOEs | March 2012 |
| MCM | Improving Accounting Controls at NBT | February 2012 |
| FAD | Tax Policy Review | May 2011 |
| MCM | NBT Internal Audit | April 2011 |
| MCM | BOP | March 2011 |
| MCM | Improving Accounting Controls at NBT | January 2011 |
| FAD | Public Financial Management (Regional Advisor) | November 2010 |
| LEG | NBT Law | October 2010 |
| MCM | NBT Recapitalization Strategy | September 2010 |
| FAD | Public Financial Management Reforms | June 2010 |
| FAD | Tax Policy and Administration | February/July 2010 |
| MCM | NBT Recapitalization Strategy | October/Dec 2009 |
| FAD | Public Financial Management (Budget Classification) | May 2007 |
| STA | Report on Monetary and Financial Statistics National Accounts and Price Statistics (Regional Advisor) | June 2006 |
| FAD | Fiscal ROSC | August 2006 |
| MCM | Strengthening the Monetary Policy Framework and Liquidity Management | May 2006 |
| LEG | AML/C FT | 2006 |
Tajikistan: Technical Assistance, 2006–20
| Fund Department | Area of Assistance | Mission Dates |
|---|---|---|
| FAD, LEG | Tax Reform | March 2020-ongoing |
| STA | National Accounts Statistics | June 2019 |
| MCM | Bank Supervision TA and Project Assessment Mission | May 2019 |
| MCM | Bank Resolution | April 2019 |
| MCM | Monetary policy modernization, Reserve Requirement Averaging, and liquidity management | April 2019 |
| STA | Government Finance Statistics | November 2018 |
| MCM | Central Bank Governance, independence, and Recapitalization | November 2018 |
| STA | Balance of Payment Statistics | October 2018 |
| STA | National Accounts Statistics | June 2018 |
| MCM | Bank Supervision and Regulation Assessment | March 2018 |
| MCM | Liquidity Forecasting and Emergency Assistance | March 2018 |
| STA | Government Finance Statistics | October 2017 |
| STA | National Accounts Statistics | September 2017 |
| MCM | Medium-Term Debt Management Strategy | August 2017 |
| MCM MCM | Banking Supervision Banking Supervision | August 2017 April 2017 |
| MCM | Monetary Policy Framework and Implementation | April 2017 |
| LEG | Bank Resolution Framework | October 2016 |
| STA | National Accounts Statistics | July 2016 |
| MCM | Monetary and Foreign Exchange Operations | April 2016 |
| FAD | Accounting and Financial Reporting, Treasury Management, and Fiscal Oversight of State-Owned Enterprises | March 2016 |
| STA | Monetary and Financial Statistics | October 2015 |
| MCM | Financial Stability | October 2015 |
| MCM | Reserve Management | September 2015 |
| FAD | Improving Tax Disputes Resolution Processes in the Tax Committee | June 2015 |
| MCM | Improving Accounting Controls at NBT | April 2015 |
| STA | BOP | April 2015 |
| FAD | Tax Administration | March 2015 |
| STA | Monetary and Financial Statistics | December 2014 |
| MCM | Bank Resolution | May 2014 |
| FAD | PFM Reform | April 2014 |
| FAD | Tax Administration | April/July/November 2014 |
| STA | BOP | April 2014 |
| STA | Monetary and Financial Statistics | December 2013 |
| MCM | Improving Accounting Controls at NBT | October 2013 |
| FAD | PFM Reform | August/November 2013 |
| FAD | Tax Administration | June/November 2013 |
| MCM | Banking Supervision | March 2013 |
| FAD | Tax Administration | March 2013 |
| MCM | Improving Accounting Controls at NBT | February 2013 |
| STA | BOP | December 2012 |
| STA | Monetary and Financial Statistics | November 2012 |
| MCM | Improving Accounting Controls at NBT | November 2012 |
| FAD | Tax Administration | June/August/Oct 2012 |
| STA | National Accounts Statistics | May 2012 |
| STA | Monetary and Financial Statistics | April 2012 |
| FAD | Tax Policy Review | April 2012 |
| FAD | Financial Monitoring of SOEs | March 2012 |
| MCM | Improving Accounting Controls at NBT | February 2012 |
| FAD | Tax Policy Review | May 2011 |
| MCM | NBT Internal Audit | April 2011 |
| MCM | BOP | March 2011 |
| MCM | Improving Accounting Controls at NBT | January 2011 |
| FAD | Public Financial Management (Regional Advisor) | November 2010 |
| LEG | NBT Law | October 2010 |
| MCM | NBT Recapitalization Strategy | September 2010 |
| FAD | Public Financial Management Reforms | June 2010 |
| FAD | Tax Policy and Administration | February/July 2010 |
| MCM | NBT Recapitalization Strategy | October/Dec 2009 |
| FAD | Public Financial Management (Budget Classification) | May 2007 |
| STA | Report on Monetary and Financial Statistics National Accounts and Price Statistics (Regional Advisor) | June 2006 |
| FAD | Fiscal ROSC | August 2006 |
| MCM | Strengthening the Monetary Policy Framework and Liquidity Management | May 2006 |
| LEG | AML/C FT | 2006 |
Relations with Other International Financial Institutions
The World Bank work program on Tajikistan can be found on the following website: https://www.worldbank.org/en/country/tajikistan
The Asian Development Bank work program on Tajikistan can be found on the following website: https://www.adb.org/countries/tajikistan/main
The European Bank for Reconstruction and Development work program on Tajikistan can be found on the following website:
Statistical Issues
(As of April, 2020)
| Assessment of Data Adequacy for Surveillance | |
| General: Data provision has some shortcomings in the areas of national accounts, price statistics, and monetary statistics, but is broadly adequate for surveillance. | |
| National accounts statistics: There are significant deficiencies in the statistical techniques for national accounts, most notably in quarterly national accounts and the informal economy. Efforts are needed to improve data quality so as to more accurately reflect developments in an evolving economy. Data on GDP from the expenditure side would help identify underlying economic trends.. Five IMF TA missions on national accounts were conducted during the period 2016–18 under the scope of the Enhanced Data Dissemination Initiative 2 (EDDI2) supported by the United Kingdom’s Department for International Development (DFID). These missions assisted the National Statistics Agency (Tajstat) with the development of experimental estimates of annual GDP for 2016–18, which incorporate methodological improvements related to the 2008 SNA methodology. The questionnaires of major economic surveys were changed to collect discrete data from 2019. The overall progress with the implementation of recommendations is slow as reflected in the lack of revisions in the national accounts time series. | |
| Prices statistics: The consumer price index (CPI) for Tajikistan is published monthly by the Tajstat. The index has national coverage. Expenditure weights, which include the value of consumption from own production, are updated annually. At the elementary index level, the Dutot formulation is used. This formulation is problematic in that it fails the commensurability test meaning that it does not perform well when items selected for pricing are of significantly different product sizes. Instead the Jevons formulation is recommended. At the higher level of aggregation, the modified Laspeyres formulation is used, in line with international recommendations. Seasonally unavailable prices are treated by the carry forward of last observed prices. This treatment can introduce a downward bias in the CPI and should be replaced by an appropriate imputation technique. | |
| Government finance statistics: Fiscal accounts are based on cash transactions as recommended in the 1986 Manual on Government Finance Statistics. In 2010, the authorities introduced an administrative classification of the budget. To move towards the implementation of the GFSM 2014 framework, the country had participated in a three-year regional project on GFS funded by the Swiss State Secretariat for Economic Affairs (SECO) ending at end-April 2020. The authorities have compiled the first annual fiscal data for the general government for the period 2015 to 2017 aligned with the GFSM 2014. Full transition to GFSM2014 should be accelerated.. | |
| Monetary and financial statistics: STA provided technical assistance in the area of monetary and financial statistics (MFS) to the National Bank of Tajikistan (NBT) in 2002, 2006, 2012 and 2015 with the main objective to improve the quality of statistics. The provision of timely data on domestic gold production, exports and the NBT’s domestic gold purchases would enhance surveillance of Tajikistan’s external position. The NBT reports to STA monthly MFS data using the IMF’s standardized report forms (SRFs) for the central bank, other depository corporations, and other financial corporations that are published in the “International Financial Statistics”. | |
| Financial sector surveillance: Tajikistan has in the past reported the 12 core FSIs and 9 of the 13 encouraged FSIs for deposit takers, and one FSI for real estate markets on a quarterly basis for posting on the IMF’s FSI website. However, the latest FSIs submitted to FI are for the period 2015Q3. In response to the NBT’s request for TA in improving the calculation of FSIs, STA is planning to field a mission to update the compilation framework, develop additional FSIs based on the 2019 FSI Guide, and encourage the authorities to resume reporting. Tajikistan has not reported data to the Financial Access Survey (FAS) since 2013. Until 2013, Tajikistan reported some data and indicators of the FAS, including the two indicators (commercial bank branches per 100,000 adults and ATMs per 100,000 adults) adopted by the UN to monitor Target 8.10 of the Sustainable Development Goals (SDGs). | |
| External sector statistics (ESS): Tajikistan participated in a 20-month project on Improvement of ESS in three Central Asian countries. Considerable improvements were made in coverage, periodicity, and timeliness of ESS. The balance of payments, IIP, and external debt statistics are currently compiled and disseminated quarterly applying the BPM6 framework and based on updated estimation methods. Tajikistan also started participating in the IMF’s Coordinated Direct Investment Survey (CDIS). Improvements are still needed in estimation of shuttle trade, travel services, and remittances. Work also needs to be continued on expanding the coverage of reporters for ESS purposes and for maintaining consistency between datasets. | |
| Data Standards and Quality | |
| Tajikistan participates in the Enhanced-General Data Dissemination System (e-GDDS) since November 17, 2004 and implemented the e-GDDS on March 17, 2020 by launching a National Summary Data Page (NSDP). Metadata is updated regularly. | A Data ROSC was published on March 30, 2005. |
| Assessment of Data Adequacy for Surveillance | |
| General: Data provision has some shortcomings in the areas of national accounts, price statistics, and monetary statistics, but is broadly adequate for surveillance. | |
| National accounts statistics: There are significant deficiencies in the statistical techniques for national accounts, most notably in quarterly national accounts and the informal economy. Efforts are needed to improve data quality so as to more accurately reflect developments in an evolving economy. Data on GDP from the expenditure side would help identify underlying economic trends.. Five IMF TA missions on national accounts were conducted during the period 2016–18 under the scope of the Enhanced Data Dissemination Initiative 2 (EDDI2) supported by the United Kingdom’s Department for International Development (DFID). These missions assisted the National Statistics Agency (Tajstat) with the development of experimental estimates of annual GDP for 2016–18, which incorporate methodological improvements related to the 2008 SNA methodology. The questionnaires of major economic surveys were changed to collect discrete data from 2019. The overall progress with the implementation of recommendations is slow as reflected in the lack of revisions in the national accounts time series. | |
| Prices statistics: The consumer price index (CPI) for Tajikistan is published monthly by the Tajstat. The index has national coverage. Expenditure weights, which include the value of consumption from own production, are updated annually. At the elementary index level, the Dutot formulation is used. This formulation is problematic in that it fails the commensurability test meaning that it does not perform well when items selected for pricing are of significantly different product sizes. Instead the Jevons formulation is recommended. At the higher level of aggregation, the modified Laspeyres formulation is used, in line with international recommendations. Seasonally unavailable prices are treated by the carry forward of last observed prices. This treatment can introduce a downward bias in the CPI and should be replaced by an appropriate imputation technique. | |
| Government finance statistics: Fiscal accounts are based on cash transactions as recommended in the 1986 Manual on Government Finance Statistics. In 2010, the authorities introduced an administrative classification of the budget. To move towards the implementation of the GFSM 2014 framework, the country had participated in a three-year regional project on GFS funded by the Swiss State Secretariat for Economic Affairs (SECO) ending at end-April 2020. The authorities have compiled the first annual fiscal data for the general government for the period 2015 to 2017 aligned with the GFSM 2014. Full transition to GFSM2014 should be accelerated.. | |
| Monetary and financial statistics: STA provided technical assistance in the area of monetary and financial statistics (MFS) to the National Bank of Tajikistan (NBT) in 2002, 2006, 2012 and 2015 with the main objective to improve the quality of statistics. The provision of timely data on domestic gold production, exports and the NBT’s domestic gold purchases would enhance surveillance of Tajikistan’s external position. The NBT reports to STA monthly MFS data using the IMF’s standardized report forms (SRFs) for the central bank, other depository corporations, and other financial corporations that are published in the “International Financial Statistics”. | |
| Financial sector surveillance: Tajikistan has in the past reported the 12 core FSIs and 9 of the 13 encouraged FSIs for deposit takers, and one FSI for real estate markets on a quarterly basis for posting on the IMF’s FSI website. However, the latest FSIs submitted to FI are for the period 2015Q3. In response to the NBT’s request for TA in improving the calculation of FSIs, STA is planning to field a mission to update the compilation framework, develop additional FSIs based on the 2019 FSI Guide, and encourage the authorities to resume reporting. Tajikistan has not reported data to the Financial Access Survey (FAS) since 2013. Until 2013, Tajikistan reported some data and indicators of the FAS, including the two indicators (commercial bank branches per 100,000 adults and ATMs per 100,000 adults) adopted by the UN to monitor Target 8.10 of the Sustainable Development Goals (SDGs). | |
| External sector statistics (ESS): Tajikistan participated in a 20-month project on Improvement of ESS in three Central Asian countries. Considerable improvements were made in coverage, periodicity, and timeliness of ESS. The balance of payments, IIP, and external debt statistics are currently compiled and disseminated quarterly applying the BPM6 framework and based on updated estimation methods. Tajikistan also started participating in the IMF’s Coordinated Direct Investment Survey (CDIS). Improvements are still needed in estimation of shuttle trade, travel services, and remittances. Work also needs to be continued on expanding the coverage of reporters for ESS purposes and for maintaining consistency between datasets. | |
| Data Standards and Quality | |
| Tajikistan participates in the Enhanced-General Data Dissemination System (e-GDDS) since November 17, 2004 and implemented the e-GDDS on March 17, 2020 by launching a National Summary Data Page (NSDP). Metadata is updated regularly. | A Data ROSC was published on March 30, 2005. |
Tajikistan: Table of Common Indicators Required for Surveillance
(as of April 22, 2020)
Includes reserve assets pledged or otherwise encumbered as well as net derivative positions.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Daily (D); Weekly (W); Monthly (M); Quarterly (Q); Annually (A); Irregular (I); Not Available (NA).
Reflects the assessment provided in the data ROSC published on April 2005 and based on the findings of the mission that took place during April 2004 for the dataset corresponding to the variable in each row. The assessment indicates whether international standards concerning (respectively) concepts and definitions, scope, classification/sectorization, and basis for recording are fully observed (O), largely observed (LO), largely not observed (LNO), or not observed (NO).
Same as footnote 7, except referring to international standards concerning (respectively) source data, statistical techniques, assessment and validation of source data, assessment and validation of intermediate data and statistical outputs, and revision studies.
Tajikistan: Table of Common Indicators Required for Surveillance
(as of April 22, 2020)
| Date of latest observation | Date received | Frequency of data6 | Frequency of reporting6 | Frequency of publication6 | Memo Items: | ||
|---|---|---|---|---|---|---|---|
| Data Quality – Methodological soundness7 | Data Quality Accuracy and reliability8 | ||||||
| Exchange Rates | March 2020 | April 2020 | M | M | M | ||
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 | February 2020 | March 2020 | M | W | W | ||
| Reserve/Base Money | February 2020 | March 2020 | M | M | W | O, O, LO, O | LO, O, O, O, NO |
| Broad Money | February 2020 | March 2020 | M | M | M | ||
| Central Bank Balance Sheet | February 2020 | March 2020 | M | M | W | ||
| Consolidated Balance Sheet of the Banking System | February 2020 | March 2020 | M | M | M | ||
| Interest Rates2 | February 2020 | March 2020 | M | M | I | ||
| Consumer Price Index | February 2020 | March 2020 | M | M | M | LO, LO, LNO, O | LO, LO, LO, O, O |
| Revenue, Expenditure, Balance and Composition of Financing3— General Government4 | December 2019 | February 2020 | M | M | M | LO, LO, O, O | O, O, O, LO, LO |
| Revenue, Expenditure, Balance and Composition of Financing3— Central Government | December 2019 | February 2020 | M | M | M | ||
| Stocks of Central Government and Central Government-Guaranteed Debt5 | December 2019 | March 2020 | Q | Q | I | ||
| External Current Account Balance | December 2019 | April 2020 | Q | Q | Q | LNO, LNO, O, O | LO, O, O, O, O |
| Exports and Imports of Goods and Services | December 2019 | April 2020 | Q | Q | Q | ||
| GDP/GNP | December 2019 | March 2020 | M/A | M | I | O, LNO, LNO, LNO | LO, LO, LNO, O, O |
| Gross External Debt | December 2019 | March 2020 | Q | Q | I | ||
| International Investment Position | December 2019 | April 2020 | Q | Q | Q | ||
Includes reserve assets pledged or otherwise encumbered as well as net derivative positions.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Daily (D); Weekly (W); Monthly (M); Quarterly (Q); Annually (A); Irregular (I); Not Available (NA).
Reflects the assessment provided in the data ROSC published on April 2005 and based on the findings of the mission that took place during April 2004 for the dataset corresponding to the variable in each row. The assessment indicates whether international standards concerning (respectively) concepts and definitions, scope, classification/sectorization, and basis for recording are fully observed (O), largely observed (LO), largely not observed (LNO), or not observed (NO).
Same as footnote 7, except referring to international standards concerning (respectively) source data, statistical techniques, assessment and validation of source data, assessment and validation of intermediate data and statistical outputs, and revision studies.
Tajikistan: Table of Common Indicators Required for Surveillance
(as of April 22, 2020)
| Date of latest observation | Date received | Frequency of data6 | Frequency of reporting6 | Frequency of publication6 | Memo Items: | ||
|---|---|---|---|---|---|---|---|
| Data Quality – Methodological soundness7 | Data Quality Accuracy and reliability8 | ||||||
| Exchange Rates | March 2020 | April 2020 | M | M | M | ||
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 | February 2020 | March 2020 | M | W | W | ||
| Reserve/Base Money | February 2020 | March 2020 | M | M | W | O, O, LO, O | LO, O, O, O, NO |
| Broad Money | February 2020 | March 2020 | M | M | M | ||
| Central Bank Balance Sheet | February 2020 | March 2020 | M | M | W | ||
| Consolidated Balance Sheet of the Banking System | February 2020 | March 2020 | M | M | M | ||
| Interest Rates2 | February 2020 | March 2020 | M | M | I | ||
| Consumer Price Index | February 2020 | March 2020 | M | M | M | LO, LO, LNO, O | LO, LO, LO, O, O |
| Revenue, Expenditure, Balance and Composition of Financing3— General Government4 | December 2019 | February 2020 | M | M | M | LO, LO, O, O | O, O, O, LO, LO |
| Revenue, Expenditure, Balance and Composition of Financing3— Central Government | December 2019 | February 2020 | M | M | M | ||
| Stocks of Central Government and Central Government-Guaranteed Debt5 | December 2019 | March 2020 | Q | Q | I | ||
| External Current Account Balance | December 2019 | April 2020 | Q | Q | Q | LNO, LNO, O, O | LO, O, O, O, O |
| Exports and Imports of Goods and Services | December 2019 | April 2020 | Q | Q | Q | ||
| GDP/GNP | December 2019 | March 2020 | M/A | M | I | O, LNO, LNO, LNO | LO, LO, LNO, O, O |
| Gross External Debt | December 2019 | March 2020 | Q | Q | I | ||
| International Investment Position | December 2019 | April 2020 | Q | Q | Q | ||
Includes reserve assets pledged or otherwise encumbered as well as net derivative positions.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Daily (D); Weekly (W); Monthly (M); Quarterly (Q); Annually (A); Irregular (I); Not Available (NA).
Reflects the assessment provided in the data ROSC published on April 2005 and based on the findings of the mission that took place during April 2004 for the dataset corresponding to the variable in each row. The assessment indicates whether international standards concerning (respectively) concepts and definitions, scope, classification/sectorization, and basis for recording are fully observed (O), largely observed (LO), largely not observed (LNO), or not observed (NO).
Same as footnote 7, except referring to international standards concerning (respectively) source data, statistical techniques, assessment and validation of source data, assessment and validation of intermediate data and statistical outputs, and revision studies.
Formerly PRGF.
When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.
The MDRI provides 100 percent debt relief to eligible member countries that qualified for the assistance. Grant assistance from the MDRI Trust and HIPC resources provide debt relief to cover the full stock of debt owed to the Fund as of end-2004 that remains outstanding at the time the member qualifies for such debt relief.