Resilient and Sustainable Tajikistan DPO

Summary

The development objective of the Resilient and Sustainable Tajikistan Development Policy Operation (DPO) for Tajikistan is to support the authorities in increasing resilience and sustainability of growth by: (i) improving the business environment, the integrity of the financial sector, and financial inclusion; (ii) strengthening the efficiency, transparency, and accountability of the public sector, including state-owned enterprises; and (iii) enhancing social and environmental resilience to shocks. To improve the business environment, strengthen the integrity of the financial sector, and foster financial inclusion, pillar 1 focuses on: (1) reducing the regulatory cost of compliance of firms with license, permit, and inspection requirements; (2) strengthening the framework of addressing anti-money laundering and combating the financing of terrorism (AML and CFT); and (3) facilitating financial inclusion and digitalization of services. To enhance the efficiency, financial transparency, and accountability of the public sector, including state-owned enterprises (SOEs), pillar 2 focuses on: (1) strengthening the legal framework for the management of public debt; (2) improving transparency and governance of the SOE sector; and (3) modernizing public procurement with enhanced provisions for greater participation of women-led businesses. To enhance social and environmental resilience to shocks, pillar 3 focuses on: (1) improving the coverage and adequacy of the targeted social assistance program of the government; (2) developing mechanisms of disaster-risk financing; and (3) improving cost recovery and equity of electricity tariffs.

Expected Outcome

The Program Development Objective is to support the authorities in increasing resilience and sustainability of growth by (i) improvi ng the business environment, the integrity of the financial sector, and financial inclusion; (ii) strengthening the efficiency, tran sparency, and accountability of the public sector, including state-owned enterprises; and (iii) enhancing social and environmental r esilience to shocks.

Expected Outputs