DUSHANBE, November 4, 2008, Asia-Plus — Speaking to reporters following his meeting with President Emomali Rahmon on November 4, Mr. Axel Schimmelpfennig, head of the International Monetary Fund’s (IMF) mission to Tajikistan, said that the world financial crisis would not affect Tajikistan’s financial system directly.
According to him, world economic slowdown would have indirect negative impact on Tajikistan’s economy. “We expect economic potential of your republic to decrease and foreign financial infusions into Tajik economy to reduce,” the IMF mission head said.
However, prices of basic food products and oil products are expected to reduce by 20-30 percent that may have positive impact on living conditions of regular population, Dr. Schimmelpfennig said.
He also noted that inflation would stand at 10-12 percent by the end of 2008.
