On October 28, 2025, the management members of the National Bank of Tajikistan met with representatives of the International Monetary Fund. The meeting was held as part of the third discussion of the Policy Coordination Instrument (PCI) Program, during which the parties have discussed the program's implementation results, the country's economic and financial prospects, and issues related to further strengthening cooperation.
Commenting on the macroeconomic situation and the banking system situation, Firdavs Tolibzoda, Chairman of the National Bank of Tajikistan, has noted that “the National Bank of Tajikistan will continue to pursue a monetary policy aimed at ensuring price stability and strengthening public confidence in the national currency, and will also make efforts to implement the Policy Coordination Instrument Program, developed taking into account priority reforms to ensure sustainable economic development and attract foreign investment into the country's economy”.
The meeting has provided an opportunity to discuss the results achieved and consider issues related to further strengthening and expanding cooperation.
During the meeting, the results of previous stages of the program were reviewed. The parties also have exchanged views on the economic prospects and measures taken by the National Bank of Tajikistan to strengthen economic policy, effectively manage international reserves, strengthen the foreign exchange market, increase solvency and prevent inflationary pressures, ensure the stability of the financial sector, and implement the recommendations of the International Monetary Fund expert team.
Firdavs Tolibzoda has noted that the National Bank of Tajikistan is paying close attention to the digitalization of the financial system, the development of digital financial services and the use of modern technologies (RegTech and SupTech). This initiative is aimed at improving regulatory efficiency and promoting financial inclusion.
In conclusion, the Chairman of the National Bank of Tajikistan has expressed satisfaction with the fruitful cooperation with the International Monetary Fund and noted that the consistent implementation of structural reforms and sustainable macroeconomic policies create a reliable foundation for strengthening investor confidence, sustainable economic growth, and financial stability.
Press Division
PS: The Policy Coordination Instrument Program is a non-financial instrument that provides advisory assistance to participating countries. This program helps improve the investment climate and increase the attractiveness of a country's economy.
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28.10.2025
