Authors
Ziyaev,Bakhrom, Sarsenov,Ilyas, Emelyanova,Olga, Wheeler,Collette Mari, Papagianni,Vasiliki, Calice,Pietro, Rajabov,Alisher, Sukhova,Anna, Qurbonova,Zuhro, Hasanov,Rashad, Iootty De Paiva Dias,Mariana, Apfalter,Stefan, Kabilov,Firdavs
- Disclosure Date
- 2024/07/25
- Disclosure Status
- Disclosed
- Doc Name
- Tajikistan Economic Update : Focusing on the Footprint of State-Owned Enterprises and Competitive Neutrality
- Pages
- 56
- Product Line
- Advisory Services & Analytics
- Published in
- United States of America
- Rel Proj ID
- TJ-Tajikistan Economic Update 2024 -- P501023
- TF No/Name
- TF0C4229-Tajikistan Trade Diagnostics
- Unit Owning
- EFI-ECA-MTI-MacroFiscal-1 (EECM1)
- Version Type
- Final
- Volume No
- 1
Table of Contents
- Standard Disclaimer Copyright Statement 3
- 1. RECENT ECONOMIC DEVELOPMENTS ............................................... 1 4
- 2. ECONOMIC OUTLOOK AND RISKS ............................................................................... 16 4
- SPECIAL TOPIC 4
- Figures Tables Boxes 5
- Acknowledgment 6
- Abbreviations 7
- Recent Economic Developments and Outlook 8
- An Assessment of the Footprint of State-Owned Enterprises and Competitive Neutrality 9
- Executive Summary 10
- Recommendations 10
- 1.1 Global and Regional Economic Developments 11
- 1.2 Economic Growth in Tajikistan 11
- Recent economic developments 12
- 1.3 Balance of Payments 13
- Recent economic developments 14
- Box 1. Relationship between Net Foreign Direct Investment Inflows and Gross Domestic Product Growth in Countries of 15
- 1.4 Monetary Policy and Prices 16
- Recent economic developments 16
- Box 2. Passthrough of Shocks to Inflation 17
- Recent economic developments 18
- 1.5 Financial Sector Developments 18
- Box 3. Dynamics in the Market Share of Deposits and Credits 19
- Recent economic developments 20
- 1.6 Fiscal Policy 21
- Recent economic developments 22
- 1.7 Poverty Developments 23
- Recent economic developments 24
- 2.1 Global and Regional Outlook 26
- 2.2 Tajikistans Outlook 27
- Economic outlook and risks 28
- 2.3 Risks to the Economic Outlook 29
- Economic outlook and risks 30
- Assessment of the Footprint of State-Owned Enterprises and Competitive Neutrality 31
- Special topic 32
- 3.1 State Footprint and Implications for Competition 32
- Box 4. Political economy factors in SOE privatization processes 32
- Special topic 34
- Box 5. State-Owned Enterprise Footprint Mapping A Sector 35
- The Business of the State 35
- Special topic 36
- Integrated State-Owned Enterprise Framework iSOEF Assessment 37
- 3.2 Competitive Neutrality 37
- Special topic 38
- Special topic 40
- Conflicting roles of SOEs in oversight policymaking and market participation 40
- Specific legal provisions favoring SOEs contribute to actual or perceived market distortions 41
- Special topic 42
- Restrictions and challenges about foreign investment and ownership 43
- Special topic 44
- Outdated methodologies of price regulations of natural monopolies exerted by SOEs can undermine efficiency. 44
- 3.3 Policy Recommendations to Enhance Competitive Neutrality and Competition 44
- Special topic 46
- Special topic 48
- References 49
- Sixth Edition of the IMFs Balance of Payments and International Investment Position Manual BPM6. 51
- Report on the Implementation of the Investment Review Tajikistan 51
- Tajikistan Economic Update Focusing on Boosting Private Sector Dynamism in Tajikistan 51
- Tajikistan Integrated State-Owned Enterprises Framework iSOEF Assessment 52
- The Business of the State 52
- Trade Policy Review Tajikistan 52
- Annex 1 Select Macroeconomic and Social Indicators 53
- Annex 2 List of the 27 Public Interest Entities under the Monitoring of the Ministry of Finance of the Republic of Tajikistan 54
- Annex 3 Estimated regression results for Net FDI Inflows and real GDP growth in Countries of the Commonwealth of Independent States sample period 2001 2022 55
- Variables I II III 55
