DUSHANBE, Tajikistan, May 6. Tajikistan successfully completed its first semi-annual Eurobond repayment in March 2025 as part of efforts to manage large debt service obligations expected between 2025 and 2027, Trend reports via the International Monetary Fund (IMF).
According to the IMF’s Staff Concluding Statement for the 2025 Article IV Mission, the country's fiscal deficit target of up to 2.5 percent of GDP remains a key anchor for maintaining debt sustainability. Prudent fiscal management combined with strong economic growth has led to a notable decline in the public debt ratio, which fell to 25 percent of GDP by the end of 2024.
Despite public debt being assessed as sustainable, the IMF notes it remains at high risk of distress due to the upcoming repayment schedule.
In this context, the Fund emphasizes the importance of building fiscal buffers and preparing contingency plans to reprioritize spending—ensuring that social protection and essential public services are preserved during external shocks.
