TohidA/MONA · Datasets at Hugging Face

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

PA

21.1

2.1. Central bank operations and reforms

Sign a contract with an external consulting firm to conduct the internal audit of the activities of (i) the international relations department, including foreign exchange lending and liquidity support, (ii) the domestic lending and liquidity support activities, and (iii) the management of foreign currency vault operations at headquarters. Ensure that external consultant contributes to capacity building in the Internal Audit Department.

3

Combined First and Second Reviews Prior Action

M

Combined R1 and R2 prior action.

5

3

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

Adopt a comprehensive and time-bound action plan to address all issues and recommendations raised in the report on the special audit of the National Bank of Tajikistan.

1

Program Prior Action

M

Rationale: enhance central bank governance.

5

1

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

Publish the executive summary of the report on the findings of the special audit of the National Bank of Tajikistan for at least six months.

2

Program Prior Action

M

Rationale: transparency.

5

2

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

Complete external audit of the National Bank of Tajikistan's net international reserves position as of December 31, 2008 and share the audit report with Fund staff.

3

Program Prior Action

M

Rationale: provide assurances to Fund.

5

3

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

Appoint an external auditor to conduct the audit of the National Bank of Tajikistan's financial statements in accordance with international standards (ISAs) for the fiscal year ending April 30, 2009.

4

Program Prior Action

M

Rationale: enhance central bank governance.

5

4

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

Submit to Parliament amendments to National Bank of Tajikistan and Commercial Banking Laws to (i) appoint the NBT chairperson and his/her deputies for fixed terms that do not coincide with the electoral cycle, and outline the reasons for their dismissal explicitly in the law; (ii) require official identification and disclosure of beneficial owners of companies registered with the Agency for Securities in the ministry of finance and other authorized entities, including financial institutions; (iii) clarify the provisions covering conflicts of interest for the National Bank of Tajikistan management and staff, and require them to disclose their personal holdings

5

Program Prior Action

M

Rationale: enhance central bank governance.

5

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

NBT to set the interest rate on liquidity loans in Somoni and foreign exchange no lower than the average interest rate on commercial bank credits (as published on the NBT website) of the preceding month, plus a margin of not less than 200 basis points, and to publish this rate on the NBT website.

6

Fifth Review Prior action

M

N/A

5

6

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

Appoint a senior member of the ministry of finance to attend monthly monetary policy committee meetings and to report on monthly projected spending on the Roghun hydropower project.

7

Fifth Review Prior action

M

N/A

5

7

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

PA

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Roghun supervisory board report on a quarterly basis to the public about the sources and uses of funds, including detailed information on the contractors hired by Roghun OJSC, their owners, and the bidding process used to award all contracts.

1

Third Review Prior action

M

This condition was previously a benchmark with end-June 2010 test date.

5

1

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

20

1. General government

Implement in line with IMF recommendations a Treasury Single Account (TSA) at the Republican level.

1

04/01/2012

SB

Introduced at R5. Rationale: public financial management

5

1

2012-04-01

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit to cabinet a strategy for reform of the tax regime.

1

09/30/2011

M

Introduced at R3. Rationale: revenue.

5

1

2011-09-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit to cabinet a revised tax code consistent with IMF recommendations.

2

03/31/2012

SB

Introduced at R5. Rationale: revenue/transparency

5

2

2012-03-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

20.2

1.2. Revenue administration, including customs

Expand the number of large taxpayers under the Large Taxpayer Inspectorate (LTI).

1

06/30/2011

M

Introduced at R4. Rationale: PFM/Revenue.

5

1

2011-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

State-owned enterprises reporting to the monitoring unit at the ministry of finance to submit their financial performance plans for 2010 for approval together with a corporate intent statement.

1

12/31/2009

M

Introduced at R0. Rationale: address contingent liability. Met on Jan. 19, 2010.

5

1

2009-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Talcos financial accounts for 2006 through 2008 will be audited by a reputable international audit firm (one of the big four), and the audit reports will be published on the companys website.

2

12/31/2009

PM

Introduced at R0. Rationale: transparency. On-site audit finished by Moore Stephens (not one of the big four), but financial statements yet to be delivered.

5

2

2009-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Issue a tender for an external audit of Talco Management’s 2008 and 2009 financial statements by a reputable international audit firm.

3

06/30/2010

MOD-PA

Introduced at R1R2. Rationale: transparency. This condition is made a prior action for the completion of R3.

5

3

2010-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Fiscal risk statement related to condition of state-owned enterprises to be introduced as part of the published 2012 budget document

4

12/31/2011

SB

Introduced at R3. Rationale: state-owned enterprise governance.

5

4

2011-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publish the audited financial statements of Talco Management for 2008-2009 together with the audit reports.

1

06/30/2011

MOD-PA

Introduced at R4. Rationale: transparency. Made a prior action for R5.

5

1

2011-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

21.1

2.1. Central bank operations and reforms

National Bank of Tajikistan will issue a circular that defines the terms of liquidity provision, including a maximum maturity of three months and acceptable collateral.

1

06/30/2009

M

Introduced at R0. Rationale: strengthen effectiveness of monetary policy implementation.

5

1

2009-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

21.1

2.1. Central bank operations and reforms

Close down the cotton debt department at the National Bank of Tajikistan.

2

06/30/2009

M

Introduced at R0. Rationale: eliminate noncore functions.

5

2

2009-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

21.1

2.1. Central bank operations and reforms

Establish a working group between the government and the National Bank of Tajikistan to develop a strategy to recapitalize the National Bank of Tajikistan.

3

06/30/2009

MD

RIntroduced at R0. ationale: strengthen central banks ability to conduct monetary policy and independence. Met on Aug. 31, 2009.

5

3

2009-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

21.1

2.1. Central bank operations and reforms

Submit to parliament a draft NBT law consistent with IMF staff advice.

4

12/31/2010

M

Introduced at R1R2. Rationale: enhance central bank governance. At R4, met 1/4/2011.

5

4

2010-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

21.1

2.1. Central bank operations and reforms

Issue a government resolution specifying a multi-year (2011-2018) schedule for injections of capital from the government into the NBT as part of the NBT recapitalization plan and in line with IMF recommendations.

5

06/30/2011

M

Introduced at R4. Rationale: NBT recapitalization.

5

2011-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

21.1

2.1. Central bank operations and reforms

Issue an order of the ministry of finance requiring the implementation of the full Treasury Single Account (TSA) system at the Republican level from January 1, 2011, including the closure of all non-donor general government sector bank accounts other than the TSA itself and zero-balance transit accounts.

6

12/31/2010

SB

Introduced at R1R2. Rationale: improve public financial management.

5

6

2010-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

21.2

2.2. Central bank auditing, transparency, and financial controls

Publish the audited financial statements together with the audit report for fiscal year 2009 of the National Bank of Tajikistan on the NBTs external website.

4

12/31/2009

MOD-PA

Introduced at R0. Rationale: transparency. Made a prior action for joint R1 and R2.

5

4

2009-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

21.2

2.2. Central bank auditing, transparency, and financial controls

Conduct quarterly internal audits of the National Bank of Tajikistan's financial statement to be discussed by the National Bank of Tajikistan's Board.

5

12/31/2009

NM

Introduced at R0. Rationale: enhance central bank governance. Not met due to capacity constraints. Instead, external audit firm is hired to assist with internal audits of international relations department.

5

2009-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

21.2

2.2. Central bank auditing, transparency, and financial controls

Conduct quarterly internal audits of the National Bank of Tajikistan's financial statement to be discussed by the National Bank of Tajikistan's Board.

5

Quarterly

SB

Introduced at R0. Rationale: enhance central bank governance.

5

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

21.2

2.2. Central bank auditing, transparency, and financial controls

Publish the NBT’s December 2009 audited financial statement together with the audit report on the NBT’s website.

6

09/30/2010

M

Introduced at R1R2. Rationale: transparency.

5

6

2010-09-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

21.2

2.2. Central bank auditing, transparency, and financial controls

National Bank of Tajikistan to publish audited 2010 financial statement.

7

09/30/2011

MD

Introduced at R3. Rationale: transparency. Met on Dec. 13, 2011.

5

7

2011-09-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Adopt a strategy to resolve the cotton debt problem.

1

06/30/2009

M

Introduced at R0. Rationale: remove risk to macroeconomic stability, raise growth potential. Met on July 2, 2009.

5

1

2009-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Roghun supervisory board report on a quarterly basis to the public about the sources and uses of funds, including detailed information on the contractors hired by Roghun OJSC, their owners, and the bidding process used to award all contracts.

2

06/30/2010

MOD-PA

Introduced at R1R2. Rationale: transparency and governance. Test date begins at end-June 2010 and quarterly thereafter. At R3, this condition was made a prior action for the completion of R3.

5

2

2010-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Roghun supervisory board report on a quarterly basis to the public about the sources and uses of funds, including detailed information on the contractors hired by Roghun OJSC, their owners, and the bidding process used to award all contracts.

2

Quarterly

MOD-PA

Introduced at R1R2. Rationale: transparency and governance. Test date begins at end-June 2010 and quarterly thereafter. At R3, this condition was made a prior action for the completion of R3.

5

2

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Issue a tender for an audit of the 2008 and 2009 financial statements of Roghun OJSC by a reputable international firm.

3

06/30/2010

M

Introduced at R1R2. Rationale: transparency.

5

3

2010-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Publish the audited financial statements of Roghun OJSC for 2008 and 2009 with the audit reports on the ministry of finance’s website.

4

12/31/2010

MOD-DATE

Introduced at R1R2. Rationale: transparency. Revised date to end-February at R3.

5

4

2010-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Publish the audited financial statements of Roghun OJSC for 2008 and 2009 with the audit reports on the ministry of finance’s website.

4

02/28/2011

MOD-DATE

Introduced at R1R2. Rationale: transparency. At R4, new test date specified.

5

4

2011-02-28

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Publish the audited financial statements of Roghun OJSC for 2008 and 2009 with the audit reports on the ministry of finance’s website.

4

06/30/2011

MOD-DATE

New test date of end-June 2011. At R5, new test date of end-March 2012.

5

4

2011-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Publish the audited financial statements of Roghun OJSC for 2008 and 2009 with the audit reports on the ministry of finance’s website.

4

03/31/2012

SB

Introduced at R1R2. New test date of end-March 2012. Rationale: transparency.

5

4

2012-03-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Issue a government order to require cotton investors to start paying principal (in equal installments) and interest on their outstanding debt to the NBT.

5

06/30/2010

MD

Introduced at R1R2. Rationale: Key element of NBT recapitalization strategy. At R3, met on August 12, 2010.

5

2010-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Submit to parliament a bankruptcy law for credit institutions.

1

12/31/2010

M

Introduced at R1R2. Rationale: strengthen the banking system. At R4, met 1/4/2011.

5

1

2010-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Banks not meeting established prudential criteria to submit to NBT for approval time-bound actions plans to become fully compliant with these standards, including correct provisioning for non-performing loans.

2

03/31/2011

M

Introduced at R4. Rationale: financial sector stability.

5

2

2011-03-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

NBT Board to approve an action plan, in line with IMF recommendations, for addressing weaknesses in the financial sector.

3

06/30/2011

M

Introduced at R4. Rationale: financial sector stability.

5

3

2011-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

29

10. Economic statistics (excluding fiscal and central bank transparency and similar measures)

Publish semi-annual external debt reports on the website of the ministry of finance.

1

06/30/2009

M

Introduced at R0. Rationale: transparency. Annual report for 2008 published July 14, 2009, semi-annual report for June 2009 published on November 24, 2009.

5

1

2009-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

N/A

2012-01-09

P1

R5

BLANK

SB

29

10. Economic statistics (excluding fiscal and central bank transparency and similar measures)

Publish semi-annual external debt reports on the website of the ministry of finance.

1

Other

SB

Introduced at R0. Rationale: transparency.

5

1

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Issue a tender for an external audit of Talco Management’s 2008 and 2009 financial statements by a reputable international audit firm.

1

Third Review Prior action

M

This condition was previously a benchmark with end-June 2010 test date.

6

1

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

PA

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publish the audited financial statements of Talco Management for 2008–09 together with the audit reports.

1

Fifth Review Prior action

M

Previously a structural benchmark with end-June 2011 test date.

6

1

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

PA

21.1

2.1. Central bank operations and reforms

Complete and publish the external audits of the National Bank of Tajikistan’s net international reserves position as of June 30, 2009 and December 31, 2009, and share the audit reports with Fund staff.

1

Combined First and Second Reviews Prior Action

M

Combined R1 and R2 prior action.

6

1

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

PA

21.1

2.1. Central bank operations and reforms

Complete and publish external audit of the National Bank of Tajikistan’s financial statements for the year ending April 2009, and share the audit report with Fund staff.

2

Combined First and Second Reviews Prior Action

M

Combined R1 and R2 prior action.

6

2

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

PA

21.1

2.1. Central bank operations and reforms

Sign a contract with an external consulting firm to conduct the internal audit of the activities of (i) the international relations department, including foreign exchange lending and liquidity support, (ii) the domestic lending and liquidity support activities, and (iii) the management of foreign currency vault operations at headquarters. Ensure that external consultant contributes to capacity building in the Internal Audit Department.

3

Combined First and Second Reviews Prior Action

M

Combined R1 and R2 prior action.

6

3

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

Adopt a comprehensive and time-bound action plan to address all issues and recommendations raised in the report on the special audit of the National Bank of Tajikistan.

1

Program Prior Action

M

Rationale: enhance central bank governance.

6

1

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

Publish the executive summary of the report on the findings of the special audit of the National Bank of Tajikistan for at least six months.

2

Program Prior Action

M

Rationale: transparency.

6

2

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

Complete external audit of the National Bank of Tajikistan's net international reserves position as of December 31, 2008 and share the audit report with Fund staff.

3

Program Prior Action

M

Rationale: provide assurances to Fund.

6

3

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

Appoint an external auditor to conduct the audit of the National Bank of Tajikistan's financial statements in accordance with international standards (ISAs) for the fiscal year ending April 30, 2009.

4

Program Prior Action

M

Rationale: enhance central bank governance.

6

4

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

Submit to Parliament amendments to National Bank of Tajikistan and Commercial Banking Laws to (i) appoint the NBT chairperson and his/her deputies for fixed terms that do not coincide with the electoral cycle, and outline the reasons for their dismissal explicitly in the law; (ii) require official identification and disclosure of beneficial owners of companies registered with the Agency for Securities in the ministry of finance and other authorized entities, including financial institutions; (iii) clarify the provisions covering conflicts of interest for the National Bank of Tajikistan management and staff, and require them to disclose their personal holdings

5

Program Prior Action

M

Rationale: enhance central bank governance.

6

5

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

NBT to set the interest rate on liquidity loans in Somoni and foreign exchange no lower than the average interest rate on commercial bank credits (as published on the NBT website) of the preceding month, plus a margin of not less than 200 basis points, and to publish this rate on the NBT website.

6

Fifth Review Prior action

M

N/A

6

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

Appoint a senior member of the ministry of finance to attend monthly monetary policy committee meetings and to report on monthly projected spending on the Roghun hydropower project.

7

Fifth Review Prior action

M

N/A

6

7

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

PA

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Roghun supervisory board report on a quarterly basis to the public about the sources and uses of funds, including detailed information on the contractors hired by Roghun OJSC, their owners, and the bidding process used to award all contracts.

1

Third Review Prior action

M

This condition was previously a benchmark with end-June 2010 test date.

6

1

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

20

1. General government

Implement in line with IMF recommendations a Treasury Single Account (TSA) at the Republican level.

1

04/01/2012

M

Introduced at R5. Rationale: public financial management

6

1

2012-04-01

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit to cabinet a strategy for reform of the tax regime.

1

09/30/2011

M

Introduced at R3. Rationale: revenue.

6

1

2011-09-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit to cabinet a revised tax code consistent with IMF recommendations.

2

03/31/2012

PM

Introduced at R5. Rationale: revenue/transparency

6

2

2012-03-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

20.2

1.2. Revenue administration, including customs

Expand the number of large taxpayers under the Large Taxpayer Inspectorate (LTI).

1

06/30/2011

M

Introduced at R4. Rationale: PFM/Revenue.

6

1

2011-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

State-owned enterprises reporting to the monitoring unit at the ministry of finance to submit their financial performance plans for 2010 for approval together with a corporate intent statement.

1

12/31/2009

M

Introduced at R0. Rationale: address contingent liability. Met on Jan. 19, 2010.

6

1

2009-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Talcos financial accounts for 2006 through 2008 will be audited by a reputable international audit firm (one of the big four), and the audit reports will be published on the companys website.

2

12/31/2009

PM

Introduced at R0. Rationale: transparency. On-site audit finished by Moore Stephens (not one of the big four), but financial statements yet to be delivered.

6

2

2009-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Issue a tender for an external audit of Talco Management’s 2008 and 2009 financial statements by a reputable international audit firm.

3

06/30/2010

MOD-PA

Introduced at R1R2. Rationale: transparency. This condition is made a prior action for the completion of R3.

6

3

2010-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Fiscal risk statement related to condition of state-owned enterprises to be introduced as part of the published 2012 budget document

4

12/31/2011

MD

Introduced at R3. Rationale: state-owned enterprise governance. Met on April 11, 2012.

6

4

2011-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publish the audited financial statements of Talco Management for 2008-2009 together with the audit reports.

1

06/30/2011

MOD-PA

Introduced at R4. Rationale: transparency. Made a prior action for R5.

6

1

2011-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

21.1

2.1. Central bank operations and reforms

National Bank of Tajikistan will issue a circular that defines the terms of liquidity provision, including a maximum maturity of three months and acceptable collateral.

1

06/30/2009

M

Introduced at R0. Rationale: strengthen effectiveness of monetary policy implementation.

6

1

2009-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

21.1

2.1. Central bank operations and reforms

Close down the cotton debt department at the National Bank of Tajikistan.

2

06/30/2009

M

Introduced at R0. Rationale: eliminate noncore functions.

6

2

2009-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

21.1

2.1. Central bank operations and reforms

Establish a working group between the government and the National Bank of Tajikistan to develop a strategy to recapitalize the National Bank of Tajikistan.

3

06/30/2009

MD

RIntroduced at R0. ationale: strengthen central banks ability to conduct monetary policy and independence. Met on Aug. 31, 2009.

6

3

2009-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

21.1

2.1. Central bank operations and reforms

Submit to parliament a draft NBT law consistent with IMF staff advice.

4

12/31/2010

M

Introduced at R1R2. Rationale: enhance central bank governance. At R4, met 1/4/2011.

6

4

2010-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

21.1

2.1. Central bank operations and reforms

Issue a government resolution specifying a multi-year (2011-2018) schedule for injections of capital from the government into the NBT as part of the NBT recapitalization plan and in line with IMF recommendations.

5

06/30/2011

M

Introduced at R4. Rationale: NBT recapitalization.

6

5

2011-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

21.1

2.1. Central bank operations and reforms

Issue an order of the ministry of finance requiring the implementation of the full Treasury Single Account (TSA) system at the Republican level from January 1, 2011, including the closure of all non-donor general government sector bank accounts other than the TSA itself and zero-balance transit accounts.

6

12/31/2010

SB

Introduced at R1R2. Rationale: improve public financial management.

6

2010-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

21.2

2.2. Central bank auditing, transparency, and financial controls

Publish the audited financial statements together with the audit report for fiscal year 2009 of the National Bank of Tajikistan on the NBTs external website.

4

12/31/2009

MOD-PA

Introduced at R0. Rationale: transparency. Made a prior action for joint R1 and R2.

6

4

2009-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

21.2

2.2. Central bank auditing, transparency, and financial controls

Conduct quarterly internal audits of the National Bank of Tajikistan's financial statement to be discussed by the National Bank of Tajikistan's Board.

5

12/31/2009

NM

Introduced at R0. Rationale: enhance central bank governance. Not met due to capacity constraints. Instead, external audit firm is hired to assist with internal audits of international relations department.

6

5

2009-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

21.2

2.2. Central bank auditing, transparency, and financial controls

Conduct quarterly internal audits of the National Bank of Tajikistan's financial statement to be discussed by the National Bank of Tajikistan's Board.

5

Quarterly

NM

Introduced at R0. Rationale: enhance central bank governance. Not met due to capacity constraints. Instead, external audit firm is hired to assist with internal audits of international relations department.

6

5

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

21.2

2.2. Central bank auditing, transparency, and financial controls

Publish the NBT’s December 2009 audited financial statement together with the audit report on the NBT’s website.

6

09/30/2010

M

Introduced at R1R2. Rationale: transparency.

6

2010-09-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

21.2

2.2. Central bank auditing, transparency, and financial controls

National Bank of Tajikistan to publish audited 2010 financial statement.

7

09/30/2011

MD

Introduced at R3. Rationale: transparency. Met on Dec. 13, 2011.

6

7

2011-09-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Adopt a strategy to resolve the cotton debt problem.

1

06/30/2009

M

Introduced at R0. Rationale: remove risk to macroeconomic stability, raise growth potential. Met on July 2, 2009.

6

1

2009-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Roghun supervisory board report on a quarterly basis to the public about the sources and uses of funds, including detailed information on the contractors hired by Roghun OJSC, their owners, and the bidding process used to award all contracts.

2

06/30/2010

MOD-PA

Introduced at R1R2. Rationale: transparency and governance. Test date begins at end-June 2010 and quarterly thereafter. At R3, this condition was made a prior action for the completion of R3.

6

2

2010-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Roghun supervisory board report on a quarterly basis to the public about the sources and uses of funds, including detailed information on the contractors hired by Roghun OJSC, their owners, and the bidding process used to award all contracts.

2

Quarterly

MOD-PA

Introduced at R1R2. Rationale: transparency and governance. Test date begins at end-June 2010 and quarterly thereafter. At R3, this condition was made a prior action for the completion of R3.

6

2

2023-09-23

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Issue a tender for an audit of the 2008 and 2009 financial statements of Roghun OJSC by a reputable international firm.

3

06/30/2010

M

Introduced at R1R2. Rationale: transparency.

6

3

2010-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Publish the audited financial statements of Roghun OJSC for 2008 and 2009 with the audit reports on the ministry of finance’s website.

4

12/31/2010

MOD-DATE

Introduced at R1R2. Rationale: transparency. Revised date to end-February at R3.

6

4

2010-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Publish the audited financial statements of Roghun OJSC for 2008 and 2009 with the audit reports on the ministry of finance’s website.

4

02/28/2011

MOD-DATE

Introduced at R1R2. Rationale: transparency. At R4, new test date specified.

6

4

2011-02-28

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Publish the audited financial statements of Roghun OJSC for 2008 and 2009 with the audit reports on the ministry of finance’s website.

4

06/30/2011

MOD-DATE

New test date of end-June 2011. At R5, new test date of end-March 2012.

6

4

2011-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Publish the audited financial statements of Roghun OJSC for 2008 and 2009 with the audit reports on the ministry of finance’s website.

4

03/31/2012

PM

N/A

6

4

2012-03-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Issue a government order to require cotton investors to start paying principal (in equal installments) and interest on their outstanding debt to the NBT.

5

06/30/2010

MD

Introduced at R1R2. Rationale: Key element of NBT recapitalization strategy. At R3, met on August 12, 2010.

6

5

2010-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Submit to parliament a bankruptcy law for credit institutions.

1

12/31/2010

M

Introduced at R1R2. Rationale: strengthen the banking system. At R4, met 1/4/2011.

6

1

2010-12-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Banks not meeting established prudential criteria to submit to NBT for approval time-bound actions plans to become fully compliant with these standards, including correct provisioning for non-performing loans.

2

03/31/2011

M

Introduced at R4. Rationale: financial sector stability.

6

2

2011-03-31

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

NBT Board to approve an action plan, in line with IMF recommendations, for addressing weaknesses in the financial sector.

3

06/30/2011

M

Introduced at R4. Rationale: financial sector stability.

6

3

2011-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

29

10. Economic statistics (excluding fiscal and central bank transparency and similar measures)

Publish semi-annual external debt reports on the website of the ministry of finance.

1

06/30/2009

M

Introduced at R0. Rationale: transparency. Annual report for 2008 published July 14, 2009, semi-annual report for June 2009 published on November 24, 2009.

6

1

2009-06-30

N/A

615

TAJIKISTAN

923

PRGF

2009-04-21

2,009

2012-04-20

2,012

2012-05-15

N/A

2012-05-08

P1

R6

L

SB

29

10. Economic statistics (excluding fiscal and central bank transparency and similar measures)

Publish semi-annual external debt reports on the website of the ministry of finance.

1

Other

M

Introduced at R0. Rationale: transparency.

6

1

2023-09-23

N/A

533

TANZANIA

738

PRGF

2000-03-31

2,000

2003-03-30

2,003

N/A

2000-03-31

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

Apply VAT to petroleum products at standard rate and simplify other petroleum taxes

1

07/01/2000

SB

N/A

0

1

2000-07-01

N/A

533

TANZANIA

738

PRGF

2000-03-31

2,000

2003-03-30

2,003

N/A

2000-03-31

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

Base minimum dutiable values on international prices (except sugar)

1

07/31/2000

SB

N/A

0

1

2000-07-31

N/A

533

TANZANIA

738

PRGF

2000-03-31

2,000

2003-03-30

2,003

N/A

2000-03-31

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

Begin reporting revenue collections through IFMS

2

04/30/2000

SB

N/A

0

2

2000-04-30

N/A

533

TANZANIA

738

PRGF

2000-03-31

2,000

2003-03-30

2,003

N/A

2000-03-31

P1

R0

E

SB

20.3

1.3. Expenditure measures, including arrears clearance

Complete inventory of all budget arrears, and allocate funds to eliinate them during 2000/01

1

06/30/2000

SB

N/A

0

1

2000-06-30

N/A

533

TANZANIA

738

PRGF

2000-03-31

2,000

2003-03-30

2,003

N/A

2000-03-31

P1

R0

E

SB

20.5

1.5. Debt Management

Adopt policy on debt treatment in parastatal divestiture

1

05/30/2000

SB

N/A

0

1

2000-05-30

N/A

533

TANZANIA

738

PRGF

2000-03-31

2,000

2003-03-30

2,003

N/A

2000-03-31

P1

R0

E

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Issue implementing regulation for Public Finance Management Act and Public Audit Act

1

08/31/2000

NM

N/A

0

1

2000-08-31

N/A

533

TANZANIA

738

PRGF

2000-03-31

2,000

2003-03-30

2,003

N/A

2000-03-31

P1

R0

E

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Eliminate earmarking of any petroleum revenues for TPCD, include Energy Fund in budget.

2

06/30/2000

SB

N/A

0

2

2000-06-30

N/A

533

TANZANIA

738

PRGF

2000-03-31

2,000

2003-03-30

2,003

N/A

2000-03-31

P1

R0

E

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Begin producing comprehensive monthly flash commitment and expenditure reports

3

07/31/2000

SB

N/A

0

3

2000-07-31

N/A

533

TANZANIA

738

PRGF

2000-03-31

2,000

2003-03-30

2,003

N/A

2000-03-31

P1

R0

E

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Include Energy Fund on budget

1

06/30/2000

SB

N/A

0

1

2000-06-30

N/A

533

TANZANIA

738

PRGF

2000-03-31

2,000

2003-03-30

2,003

N/A

2000-03-31

P1

R0

E

SB

23.2

4.2. Other social sector reforms (e.g., social safety nets, health and education)

Increase percentage of children under 2 years immunized (measles and DPT) from 71 percent (1996) to 75 percent

1

12/31/2000

SB

N/A

0

1

2000-12-31

N/A