Meeting with the delegation of the International Rating Agency "Standard & Poor's"

On July 14, 2025, the Chairman of National Bank of Tajikistan Firdavs Tolibzoda met with the delegation of analysts of the International Rating Agency "Standard & Poor's" Julia Filoka and Roman Rybalkin, who visited Dushanbe to analyze the sovereign credit rating of the Republic of Tajikistan.

During the meeting, the parties have exchanged views on the situation of banking system, monetary policy, the dynamics of statistical indicators, maintaining the inflation rate within the targeted indicators, ensuring the financial stability of the country, monetary and fiscal indicators, the implementation of the inflation targeting regime and management of international reserves.

It was noted that, despite the difficult political and economic situation in the world, the Republic of Tajikistan is achieving sustainable economic and financial growth. In this regard, when developing the next rating, it is necessary to take into account the characteristics of the region and the country, the growth of Gross Domestic Product and profitability of the banking system, the strengthening and development of international reserve management as well as ongoing reforms.

It should be noted that the publication of the sovereign credit rating of the Republic of Tajikistan by the National Bank of Tajikistan is carried out annually jointly with the International Rating Agency Standard & Poor's.

Press Division

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14.07.2025