Tajikistan Looking for Yet More Bailouts
Tajikistan’s National Bank is once again pleading for an international bailout as the country’s lending sector remains mired in an existential crisis.
At a meeting with a visiting European Bank for Reconstruction and Development delegation, National Bank deputy chairman Jamoliddin Nuraliyev appealed for assistance to the country’s systemically important banks.
“It is necessary to carry out remedial work in some of the lending institutions,” Nuraliyev said, according to a National Bank statement. “I urge the executive directors of the EBRD during their coming board meetings to support proposals from the National Bank.”
Nuraliyev did not specify what those proposals were, but given that Tajikistan suffers from chronic liquidity problems, it is not hard to guess: Tajikistan desperately needs for its banks to be recapitalized.
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