Tajikistan negotiating Policy Support Instrument (Bretton Woods Project)

Tajikistan negotiating Policy Support Instrument

The IMF resident representative to Tajikistan, Luc Moers, issued a statement in November indicating that the country's government had chosen "to work towards a programme under the Policy Support Instrument". This would make Tajikstan the fourth country to opt for a PSI, a non-lending facility of the IMF that operates like a Poverty Reduction and Growth Facility loan in terms of the conditions attached, but does not provide any actual resources. Tajikstan's second PRGF programme concluded in February with a positive IMF assessment of the country's performance. Other PSI countries are Cape Verde, Uganda and Nigeria.

Tayikistán negocia el Instrumento de Apoyo a la Política (PSI) News|Bretton Woods Project|15 November 2006|update 53|url
El Representante Residente del FMI en Tayikistán, Luc Moers, dio una declaración en noviembre de 2006 indicando que el Gobierno del país había decidido "trabajar con el programa bajo el Instrumento de Apoyo a la política [del FMI]". Esto haría de Tayikistán el cuarto país que ha optado por un PSI, una facilidad sin préstamo del FMI que opera como una Facilidad de préstamo de Desarrollo y Reducción de la Pobreza en términos de las condiciones adjuntas, pero que en realidad no conlleva la provisión de recursos. read article...
Policy support instrument: Helping hand or more thumb screws? News|Bretton Woods Project|21 November 2005|update 48|url
In October, the IMF board approved the establishment of a Policy Support Instrument (PSI), a non-lending programme which will provide policy advice to poor countries and send a signal to donors and markets about the quality of a country's economic policies. Critics suspect the instrument is little more than a new way "to extend Fund domination". read article...
Cape Verde becomes IMF’s third PSI country News|Bretton Woods Project|11 September 2006|update 52|url
On 1 August, the IMF board approved Cape Verde's application for the Policy Support Instrument (PSI) read article...

Related resources

IMF working with Tajik authorities towards program under Policy Support Instrument Press release|IMF|10 November 2006|Web page|URL

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Published: 23 November 2006 , last edited: 13 December 2006

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Tajikistan negotiating Policy Support Instrument

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