DUSHANBE - The management of the National Bank of Tajikistan (NBT) met with a delegation of International Monetary Fund (IMF) experts to discuss further cooperation in risk management and strengthening the resilience of the country's financial system, Avesta.tj reports.
The talks focused on assessing the current regulatory framework and risk management practices at the National Bank. Participants discussed improving the NBT's Risk Management Policy, developing an operational risk management system, and implementing modern tools for monitoring and controlling potential threats.
One of the key topics was the development of a risk appetite framework, which allows for determining the acceptable level of risk when making management decisions. Furthermore, the development of key operational risk indicators (KRIs) designed to promptly identify problems and improve the effectiveness of internal controls was discussed.
The parties also exchanged views on minimizing the impact of potential risks on the central bank's operations and further aligning the national risk management system with international standards and best practices. Firdavs Tolibzoda, Chairman of the National Bank of Tajikistan, noted that cooperation with the International Monetary Fund plays an important role in modernizing financial regulation and strengthening the regulator's institutional capacity. He stated that the NBT is consistently implementing modern risk assessment and control methods, which contributes to enhancing the resilience of the banking system and maintaining financial stability.
The NBT Governor emphasized that the use of advanced international approaches allows for the timely identification of potential threats and mitigation of their impact on the financial sector. He expressed confidence that the IMF experts' recommendations will provide practical assistance in further improving the risk management system.
In turn, IMF Mission Director Sanjeev Mathai confirmed the Fund's readiness to expand cooperation with the National Bank of Tajikistan. He stated that promising areas of cooperation include operational risk management, compliance systems, correspondent risk control, cybersecurity, information technology development, and the improvement of internal control mechanisms.
Following the meeting, the parties confirmed their intention to continue working together to implement international risk management standards, which should contribute to strengthening financial stability and increasing the resilience of the banking system in Tajikistan.
CentralasianLIGHT.org
June 3, 2026