Private sector competitiveness Project

«PRIVATESECTORCOMPETITIVENESSPROJECT»

World Bank has signed a Grant Agreement on June 8, 2012 for financing the "Private Sector Competitiveness Project" between the Republic of Tajikistan (Grantee) and the International Development Association (Association), and this agreement was confirmed by the decision of the Majlisi Namoyandagon Majlisi Oli of the Republic of Tajikistan on January 8, 2014 by 1403.

The total cost of the Project is 10 mln $ dollars.

After fulfillment of certain conditions by the Government of the Republic of Tajikistan (development of instruction for Project management, selection of financial consultant, installation of automated accounting software, as well as the establishment of the Coordination Board) the Project was launched on September 6, 2012 and after solving the problems related with payments between the Ministry of Finance of the Republic of Tajikistan and the World Bank, the Project formally entered into forceon 2 February 2013.

This project is a continuation of the reforms provided by the Government of the Republic of Tajikistan for improvement of the investment business climate and directed on institutional development of their results.

The main purpose of the Project is to increase Private Sector Competitiveness by elimination of barriers and simplification of administrative investmentprocedures related to business activities, which include the following measures:

1)   to simplify the process of registration of enterprises and the process of obtaining building permits;

2)   improvement of laws and regulations, as well as improvement of the basis for access to financial services;

3)   Assistance in development of the mining industry;

Taking into account the objectives and intentions of the Private Sector CompetitivenessProject,some amendments have been done in the Grant Agreement onSeptember 22, 2014, also the project was restructured and consists of the following components:

Part 1.Encouraging competitiveness and development of the mining industry;

Part  2.Strengthening business registration systems and processes;

Part 3.Institutional Strengthening to Support a Single Window for Construction Permits;         

Part 4. Improvement of Financial Infrastructure;

Part 5. Project Management Unit;

The Project Management Unit was establishedin the purpose of project management under the State Committee on Investments and State Property Management. In the frame of the Project8ministries and departmentswere involved. In each of the ministries and departments have been identified coordinators and they are working closely with the PMU.

The Monitoring and Evaluation system have been established in PMU.

The project is managed by the Chairman of the Committee under the guidance of Chairman of Coordination Board. Officers of the Committee were defined as coordinators, depending on the direction of their activities. Also, in order to strengthen the capacity of the Committee, local qualified consultants have been involved,who are currently working actively on the project realization.