Tajikistan

Tajikistan: Notes from the 2022 IMF Spring meetings

  • After a solid performance in 2021, the Tajikistan economy is expected to slow due to dependence on Russia remittances

  • Higher inflation, fiscal risks, and uncertainty over Rogun dam also weigh on outlook

  • But public debt seems manageable and strong reserves coverage – and gold – reinforce ability to pay; upgrade to Buy

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