Tajikistan Discusses Economic Reforms and Migration Issues in Washington Meetings

In Washington, Tajikistan's commitment to economic advancement was on full display during the spring meetings of the World Bank Group and the International Monetary Fund. Our Finance Minister, Faiziddin Qahhorzoda, and the Governor of the National Bank, Firdaus Tolibzoda, engaged in crucial discussions with international financial leaders, underscoring Tajikistan's proactive approach to development.

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Tajikistan has achieved significant results in improving public finance management, increasing transparency, enhancing public debt management, and advancing structural reforms.

The Tajik delegation presented a compelling overview of our national economy and key policy directions. We proudly highlighted the significant strides made in improving public finance management, enhancing transparency, and strengthening debt management – achievements realized through our cooperation with the IMF, particularly the Policy Coordination Instrument (PCI). These reforms are vital for building a stable and prosperous future for our citizens.

Beyond fiscal matters, our engagement extended to critical social issues. Meetings with the International Organization for Migration addressed the vital aspects of regulating labor migration, bolstering social protections for our migrant workers, and expanding opportunities for official employment. Attracting international funding for migration preparation and support services is a priority, ensuring our citizens have the resources and legal backing they need when seeking opportunities abroad.

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Issues of regulating labor migration, increasing social protection for migrants, and expanding opportunities for official employment were discussed.

Furthermore, discussions with the International Finance Corporation (IFC) focused on fostering private sector growth, attracting investment, and developing new markets. Priority areas include transport infrastructure, public-private partnerships, support for small and medium-sized businesses, and the development of a 'green' economy, logistics, and digital infrastructure. The upcoming IFC delegation visit signifies a deepening partnership aimed at unlocking Tajikistan's economic potential. These international dialogues are essential for integrating Tajikistan into the global economy while prioritizing national development and citizen welfare.

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Prospects for cooperation, noting the corporation’s contribution to the development of the private sector, attracting investments, and creating new markets.