The Government needs to undertake additional measures to further improve the investment and business climate, in particular for direct investment, ensure the implementation of guarantees, incentives and public support activities, to encourage and appreciate entrepreneurs, as well as to develop the investment and business infrastructure.
President Rahmon’s call came during an address to a joint meeting of both chambers of parliament that took place on December 23.
“It should be mentioned that we have mobilized more than 152 billion somonis (TJS) of foreign investment, including TJS60 billion of foreign direct investment (FDI) during the last 20 years,” said tajik leader. “Some TJS36 billion of the above-mentioned direct investment was reportedly channeled to the development of industry alone.”
Over the past five years, Tajikistan has reportedly mobilized more than TJS 5 billion of foreign direct investment to various sectors of the national economy; however this indicator still does not meet the requirements of economic development.
“We plan to implement more than 200 public investment projects in the country and channel more than TJS82 billion to the real sector and infrastructure alone by 2025,” said Rahmon. “I would like to emphasize that in the context of rapid and unpredictable developments in the world economy, intense competition for access to resources and the consequences of climate change, it is crucial to avail all modern tools for investment reinvigoration.”
He noted that in this regard, it is important to widely introduce the financing mechanism of special funds for implementation of “green projects”, particularly the implementation of targeted programs and projects on development of “green economy”, including “green energy”.
Accordingly, the Ministries of Economic Development and Trade, Finance, Foreign Affairs, the State Committee on Investment and State-owned Property Management and other relevant agencies need to undertake measures to mobilize “green financing” to implement projects on industry and infrastructure particularly those, which are important from the environmental and food security perspectives, the president added.
