Tajikistan negotiating Policy Support Instrument

23 November 2006

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.