Tajikistan And IMF In Talks Over Bailout

Tajikistan, one of the world’s poorest countries, is discussing a possible International Monetary Fund bailout programme worth as much as $500m as its economy suffers the fallout from Russia’s recession. Jamoliddin Nuraliev, deputy head of Tajikistan’s central bank, told the Financial Times that the IMF could lend to the central Asian country under its extended-credit facility and that $500m would be a “reasonable” amount, although he added the government had not yet decided whether to make a formal request for assistance. “We are in a dialogue with the fund,” he said. Tajikistan’s talks with the IMF highlight how the fall in oil prices and recession in Russia are causing ripples across the economies of the former Soviet Union. Read more. (Subscription required.)