Republic of Tajikistan: 2025 Article IV Consultation and Second Review under the Policy Coordination Instrument and Request for Modification of a Reform Target-Press Release; Staff Report; and Statement by the Executive Director for Republic of Tajiki

Strong broad-based growth has continued into 2025, alongside an improved public debt trajectory, as financial inflows have helped boost domestic demand and contributed to a favorable external position. The medium-term outlook remains positive, but subject to geopolitical risks that could result in a less favorable external environment. Tajikistan’s favorable economic performance creates an opportunity to deepen reforms to address structural vulnerabilities and support domestic job creation.