Tajikistan has requested assistance from the IMF

The IMF delegation will hold consultations with the economic team of the Tajik government about the provision of financial and technical assistance in the conditions of instability of the global and regional economy, according to information service “Avesta” with reference to representatives of the mission of the Foundation.

The IMF has already held a meeting with Prime Minister of Tajikistan Kohir rasulzoda, according to which the Republic is interested in cooperation with the Fund on matters of banking, Economics, Finance and private sector development.

Details of the talks “Avesta” said.

In 2009, Tajikistan signed with the IMF an agreement on the use of the extended credit facility in the amount of $145 million, reports Reuters, according to the last financial assistance to the country under this agreement were in 2012.

The Agency reminds that the national currency of Tajikistan is somoni has lost over the past year to 24.1% of its value, according to the official exchange rate. In the currency market somoni fell by 27.8%.

At the beginning of December in Tajikistan were closed all exchange offices and the exchange was allowed only in banks. The head of the National Bank of Tajikistan accused the exchangers in the devaluation of the somoni. According to him, employees of exchange offices “fraudulently and speculative methods was the increased rate of foreign currency for the purpose of profit”.

The European Bank for reconstruction and development in its report from January 2015 tied the depreciation of the currencies of post-Soviet republics with the decline in remittances from Russia and predicted further deterioration of the economic situation in these countries in case of Russian stagnation.

At the end of January 2016, it became known that Azerbaijan intends to discuss with the IMF the allocation of financial assistance in the amount of $4 billion “in response to the pressure on the local currency and low oil prices”. In December, Baku refused to peg the manat to the dollar and the national currency has fallen by 35%.

In mid-January, the authorities went the way of Tajikistan and banned exchangers to sell the currency.