Headed by the Minister of Economic Development and Trade Nematullo Hikmatullozoda, the National Council for Financial Stability has begun operating in Tajikistan.
The Council members include senior representatives of relevant ministries and agencies engaged in supporting the country’s financial stability.
The first meeting of the Council has taken place in Dushanbe recently, according to the National Bank of Tajikistan (NBT). The meeting was reportedly focused on issues related to providing financial stability.
The meeting participants, in particular, presented proposals on managing possible risks in the financial system, developing the securities market, taxation, improving investment climate, etc.
Recall, a government session that took place on June 19 this year made a decision to set up the National Council for Financial Stability.
The National Council for Financial Stability aims to address issues related to the stability of the financial system, identify systemic risks and to develop proposals for measures to reduce such risks.
The Council will meet twice a year. The Council meetings are chaired by the minister of economic development and trade. The minister of finance is deputy chairperson of the Council and Tajik central bank head is coordinating secretary of the Council.
