Resilient and Sustainable Tajikistan DPO

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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.