The IMF recommends Tajikistan to react on growth in prices for imported goods
Saturday 25 June 2011
International Monetary Fund encourages Tajikistan to take action to respond to the recent rise in prices for imported food and energy said the head of the IMF Mission Todd Schneider after his visit to Dushanbe.
The CA-NEWS has reported that the IMF recommended Tajikistan to respond to the growth in prices for imported goods. The report said that Dushanbe needs to increase competitiveness and diversify the economy. They also must seek sources of supply of raw materials as well as reduce trading costs and provide a flexible exchange rate.
According to international experts the economic recovery of Tajikistan is facing several challenges, which are connected with the rising in global commodity prices. This thereby raises domestic prices and increased spending on imports.
However, the IMF reported that despite the decline in electricity production and the drought that affected the yield of crops in some areas the real GDP growth for the period to May is about 6%.