Second World Bank Grant supports improvements in investment climate and public sector reform

Malika Rakhmanova

DUSHANBE, November 17, Asia-Plus  — The World Bank has released an amount of USD 10.5 million to the Tajik Government under the Second Programmatic Development Policy Grant, press release issued by World Bank said. 

The grant aims to improve the environment for private sector development and the overall functioning of the public sector in the country.

The Second Programmatic Development Policy Grant (PDPG2) continues to support the Government’s reform program as outlined in its Poverty Reduction Strategy (PRSP).  Specifically, the grant helps the authorities to reduce the burden of licensing and inspections on businesses, to improve transparency and accountability of state-owned enterprises, and to strengthen laws protecting investors.  The grant also assists in civil service reform, including reforms of health and education services, aimed at creating a more responsive, accountable, and effective public service. 

PDPG2 is the second in a series of three grants through which the World Bank is assisting the Government with improving governance, transparency, and good economic management in the public and private sectors.  A third programmatic development policy grant is under preparation.  All three grants are closely aligned with investments and technical assistance programs of the World Bank and other development partners in related areas.  The grants are provided by the World Bank Group’s International Development Association (IDA).  The resources are critical to support Tajikistan’s efforts to promote growth, improve governance, and reduce poverty.

The proposed reforms in health and education are expected to result in improved access and quality of services to the poor.  Reforms of public administration are aimed at clarifying the roles and responsibilities of government entities and at building capacity for improved service delivery.  The PDPG operations are also intended to help accelerate export growth and diversification of the economy by stimulating investment, which is critical improve productivity and strengthen the competitiveness of Tajikistan’s industries.

Cхожие материалы

spot_imgspot_img

Популярное

Присоединяйтесь к нам в соцсетях!

Реклама на asia +spot_imgspot_img

Последние новости
Свежее

US allies decline Trump’s call to send warships to the Strait of Hormuz

Several US allies have declined President Donald Trump’s call to deploy warships to escort tankers through the Strait of Hormuz, Reuters reported. Countries that did...

Average salary in Tajikistan rises by 17.3% year-on-year

The average monthly nominal salary in Tajikistan reached 3,114.56...

Tajikistan begins implementing CIS agreement on locust control

Tajikistan is launching the implementation of a CIS agreement...

Tajikistan needs about $1 Billion annually to tackle climate change

Tajikistan requires approximately $1 billion annually to implement climate...

Fears of Iranian refugee influx grow in Central Asia as war intensifies

Two weeks of U.S.-Israeli air strikes on Iran have...

Former head of Sughd regional health department released after paying fine in bribery case

Farrukh Maksoudzoda, the former head of the Sughd regional...

How much does school education actually cost in Tajikistan?

Education in Tajikistan is officially considered free. Public schools...

From markets to online platforms: how consumer rights are protected in Tajikistan

March 15 is celebrated worldwide as World Consumer Rights...

European investment fund to invest over $200 Million in Tajik new privately-owned airline

European investment fund CFC s.r.o. plans to invest more...