IMF Released Statement at Conclusion of Mission to Tajikistan
OREANDA-NEWS. April 15, 2010. An International Monetary Fund (IMF) team, led by Mr. Axel Schimmelpfennig, visited Dushanbe April 7–13, 2010 to continue discussions for the combined first and second reviews under a three-year, SDR 78.3 million (about USD 116 million) Extended Credit Facility arrangement with Tajikistan (see Press Releases No. 09/136 and No. 10/37). The IMF mission reached a staff-level agreement with the Tajik authorities on their 2010 program.
This agreement requires approval by the IMF’s Executive Board which is expected to consider
At the conclusion of the visit, Mr. Schimmelpfennig made the following statement:
“The economic outlook for
“For 2010, the government targets a modest widening of the overall fiscal deficit excluding externally financed investment to 1 percent of GDP in 2010, from 0.5 percent of GDP in 2009. This will allow further increases in social expenditures, including on health and education, while also moving forward with the government’s public investment program. The government should seize opportunities to further increase social spending while adhering to its deficit target.
“We welcome the government’s commitments to strong governance in the context of the Roghun project, including having external audits of the Roghun OJSC and providing regular reports to the public on the use of funds. The mission concurs with the governments’ projections that equity sales for Roghun will be low over the remainder of the year.
“The IMF welcomes the government’s cooperation with the World Bank on the Roghun project, and in particular the ongoing techno-economic, social and environmental impact assessments.”
Комментарии