Republic of Tajikistan : Private Sector Development Strategy
This report sets out recommendations for the Government of Tajikistan to implement in order to make feasible its intention to develop a comprehensive strategy for private sector development. Many of these actions - such as eliminating restrictions...
| Main Authors: | , , |
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| Format: | Policy Note |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2007/04/7690705/republic-tajikistan-private-sector-development-strategy http://hdl.handle.net/10986/19615 |
| Summary: | This report sets out recommendations for
the Government of Tajikistan to implement in order to make
feasible its intention to develop a comprehensive strategy
for private sector development. Many of these actions - such
as eliminating restrictions on the term of licenses and
reducing the number of licenses to 65 - can be accomplished
in less than a year and should show rapid results, thus
demonstrating the Government's credibility in
conducting reforms and strengthening business and investor
confidence that improvements in investment climate are now a
reality. The study believes that in order to sustain
economic growth over the medium and long-term, Tajikistan
will clearly need to attract investment and further
diversify its economy. Realizing this potential, however,
will require significant improvements in its investment
climate, not only through the continued modernization of its
legal and regulatory framework, but the institutional
capacity to implement the reforms they were intended to
realize. Otherwise, the private sector in Tajikistan will
continue to have to cope with an unclear and overly
cumbersome regulatory and institutional framework that
stifles competition, increases the cost and risk of doing
business, and discourages innovation and risk taking. |
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