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The proposed Staff-Monitored Program (SMP) in Tajikistan includes a balanced budget objective with a view to securing the inflation goal. While public financial management has improved, there is an agreement that monitoring and corporate governance of state-owned enterprises should be enhanced. Monetary policy will aim at containing inflation by targeting reserve money while building up official foreign exchange reserves. To mitigate risks of future debt problems, the program includes a well-defined and cautious debt strategy. The authorities are taking steps to reinvigorate their cotton sector reform efforts.

Debts, Public -- Tajikistan. --- Fiscal policy -- Tajikistan. --- International Monetary Fund -- Tajikistan. --- Monetary policy -- Tajikistan. --- Poverty -- Tajikistan. --- Structural adjustment (Economic policy) -- Tajikistan. --- Banks and Banking --- Investments: Commodities --- Money and Monetary Policy --- Public Finance --- Industries: Financial Services --- Infrastructure --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Agriculture: General --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Taxation, Subsidies, and Revenue: General --- National Government Expenditures and Related Policies: Infrastructures --- Other Public Investment and Capital Stock --- Education: General --- National Government Expenditures and Related Policies: General --- Investment --- Capital --- Intangible Capital --- Capacity --- Public finance & taxation --- Finance --- Banking --- Investment & securities --- Monetary economics --- Education --- Macroeconomics --- Project loans --- Agricultural commodities --- Monetary base --- Revenue administration --- Financial institutions --- Public financial management (PFM) --- Commodities --- National accounts --- Loans --- Banks and banking --- Farm produce --- Money supply --- Revenue --- Finance, Public --- Saving and investment --- Tajikistan, Republic of --- Debts, Public --- Fiscal policy --- Monetary policy --- Poverty --- Structural adjustment (Economic policy)