The longstanding cooperation and technical help from Switzerland’s State Secretariat for Economic Affairs (SECO) have enabled the National Bank of Tajikistan to undertake a number of essential reforms in the nation’s monetary sector, Trend experiences.
This was acknowledged through the assembly between the management of the financial institution and representatives from SECO held in Tajikistan’s Dushanbe to debate important collaboration issues.
Within the framework of SECO’s tasks for financial cooperation, alongside supporting crisis-related initiatives, the National Bank of Tajikistan has developed and carried out a number of regulatory acts within the areas of macroprudential coverage, banking regulation and supervision, company governance, and credit score threat. These efforts have led to notable achievements. The “National Financial Inclusion Strategy of the Republic of Tajikistan for 2022-2026” and its adoption by the Government of Tajikistan serve as a vivid instance of this fruitful collaboration.
It was emphasised that regardless of the difficult geopolitical and financial state of affairs globally, the pattern of lowering inflation ranges endured from January via April 2023, reaching 2.3 %. The annual inflation price (for the final 12 months) in April this yr stood at 3.4 %, which is 3.9 share factors decrease than the identical interval final yr.
Tajikistan’s GDP progress throughout this era reached 8%, surpassing the identical determine from the earlier yr by 0.5 share factors.
Source : Business Lend