DUSHANBE, April 7, 2014, Asia-Plus – The process of implementation of the Tajikistan private sector competitiveness project has been discussed at a meeting of Qodir Qosim, Chairman of the State Committee on Investments and State-owned Property Management (GosKomInvest) with a World Bank mission, according to the GosKomInvest press center.

Mr. Qodir Qosim reportedly noted that GosKomInvest was taking all necessary measures to ensure implementation of the project.

For his part, the World Bank representative, Mr. Qahir Danani, highly appraised measures taken by Committee and stressed that the Bank is ready for expansion of cooperation on implementation of this project, the GosKomInvest press center noted.  

We will recall that the World Bank approved a US$10 million grant from the International Development Association (IDA) to lay the foundation for the competitiveness of the private sector in Tajikistan in May 2012.

The development objective of the project is to remove key constraints to business development and investment by simplifying business registration and construction permitting processes, improving regulations and infrastructure underlying access to financial services, and encouraging development of the mining industry, where Tajikistan has a competitive advantage.