Tajikistan's GDP grew by 8.2% in half a year

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The Chairman of the National Bank of Tajikistan, Firdaus Tolibzoda, announced the country's economic growth at an expanded meeting summarizing the banking system's performance for the first half of 2024 and setting tasks for the second half of 2024, reports Avesta.

The head of the National Bank of Tajikistan noted that despite the complex political and economic situation in the world and ongoing financial uncertainty, significant achievements were made in all areas of society during the period under review, ensuring steady economic and financial growth at an appropriate level.

In particular, for the first half of 2024, the Gross Domestic Product (GDP) volume of the country reached 61.7 billion somoni, with a real growth rate of 8.2%. The inflation rate for the period was 1.9%, which is 0.4% lower compared to the same period last year.

The refinancing rate was revised, taking into account the maintenance of the inflation level at the lower end of the set target and the improvement of inflation expectations among the population, and was reduced to 9.25% per annum.

Firdaus Tolibzoda noted that the National Bank of Tajikistan, to implement monetary policy and ensure the stability of the banking system, in cooperation with other relevant structures of the country, has taken all necessary measures and continues to carry out reforms in the banking sector to enhance the country's economic and social growth.

CentralasianLIGHT.org

July 15, 2024