IMF to Boost Tajikistan Reserves

The International Monetary Fund is set to deliberate the provision of USD42 million for Tajikistan to beef up the country’s foreign reserves, raising IMF’s potential total disbursement to USD82 million. The arrangement was made following a visit of an IMF team in Dushanbe, where the fund noted Tajikistan’s economic resilience despite “sizable external shocks” last year. Tajikistan still registered a 3.4 percent increase in GDP growth in spite of drops in remittances and a tough exporting climate.

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    Tarra Quismundo

    Tarra Quismundo joined Devex Manila as a staff writer in October 2009 after more than six years of working as a reporter for the Philippine Daily Inquirer, a nationwide daily, for which she covered major breaking news in politics, military, police and international affairs. Tarra's Devex News coverage focuses on key Asian donors and top aid officials around the globe.