Kyrgyzstan, Uzbekistan and Tajikistan could achieve higher economic growth rates, compared to the past three years, as of 2004, IMF Deputy Managing Director Eduardo Aninat told Interfax.
Speedier growth will be possible if the countries implement conditions such as budget stabilization, putting tax payments in order, reducing unjustified spending and if their central banks carry out professional, prudent and independent macroeconomic policy, he said.
Aninat said he had held fruitful discussions with the president of Tajikistan and the government's economic team. The country is implementing the IMF program, he noted. The IMF board will in July discuss the allocation of a further credit tranche to Tajikistan.
The IMF deputy managing director said he needed to be more cautious in his appraisal of Uzbekistan. The Fund is in constant dialog with this country. Uzbekistan is also holding talks with the Asian Development Bank and the World Bank. Aninat said he hoped relations would improve in the future.
Kyrgyzstan has a wide economic base, a large number of qualified professionals and a very active government interested in reforms, he said. An IMF mission is currently completing discussions with the Kyrgyz government on an economic policy memorandum.
Interfax, May 19, 2003