The IMF’s endorsement of the final PCI review signals continued policy credibility and a smooth transition to regular economic surveillance, supporting Tajikistan’s macroeconomic stability.
In 2025, foreign currency lending in Tajikistan took a hit, showing a dip in demand for FX loans and a slow but steady move towards borrowing in the national currency.
In 2025, the National Bank of Tajikistan maintained a stable lending position in the national currency, with a slight decline reflecting cautious credit management and liquidity adjustments.
In 2025, the National Bank of Tajikistan maintained a stable lending position, with only a slight decline reflecting cautious credit management and liquidity adjustments.
The EBRD’s engagement in PPPs and strategic sectors in Tajikistan highlights the potential for increased private investment, infrastructure modernization, and enhanced economic competitiveness.