An International Monetary Fund mission is assessing the transparency of Tajikistan’s public finances, reported Avesta.tj.
The mission, from the IMF’s Fiscal Affairs Department, is working in Dushanbe from October 28 to November 11 and is carrying out a Fiscal Transparency Evaluation (FTE). Its experts met the leadership of the Committee on Economy and Finance of the Majlisi Namoyandagon, the lower house of parliament.
The two sides discussed:
- access to and completeness of financial information;
- the quality of fiscal reporting;
- budget planning and forecasting;
- the legal framework;
- management of fiscal risks;
- the reliability of macroeconomic forecasts.
The mission is expected to produce an assessment and practical recommendations to set priorities for public finance reform.
An FTE is an IMF diagnostic that measures how fully governments disclose their revenues, spending, debt and fiscal risks, including those of state companies. For Tajikistan the exercise is significant. The country carries large obligations linked to the Rogun hydropower project and debt to China, its largest creditor, and has a large state enterprise sector. International investors and lenders have long called for greater fiscal openness. A positive assessment could make it easier for Dushanbe to attract financing and return to international capital markets.
CentralasianLIGHT.org,
November 10, 202