First Intersession of the Consultative Council on the Improvement of the Investment Climate under the President of the Republic of Tajikistan

National Library, Dushanbe – 22 November 2019

Jan-Peter Olters, Chair, Development Coordination Council in Tajikistan

At present, Tajikistan is looking at an important window of opportunity—a window much larger than seen in a long time, but also one that will not stay open indefinitely. In fact, by the time that this country will be celebrating its 30th anniversary in 2021, it will become have evident whether or not it has been successful in, or is en route to, (i) financing its potentially transformative public investment program within a stable and consistent macro-fiscal framework; (ii) advancing domestic revenue mobilisation (by increasing the relative reliance on direct taxes, broadening the overall tax base, and limiting tax incentives to only those activities with clear development impacts); (iii) providing enterprises with the space and confidence to invest, innovate, and take full advantage of emerging export opportunities also outside the energy sector; (iv) creating resultant employment opportunities and socio-economic perspectives for the fast growing, mostly rural population; and. This makes 2020 a critically important year with long-term consequences for Tajikistan’s socio-economic development potential. Read More

XIX Session: Consultative Council on Improvement of Investment Climate

XIX SESSION
C
ONSULTATIVE COUNCIL ON IMPROVEMENT OF INVESTMENT CLIMATE
U
NDER THE PRESIDENT OF THE REPUBLIC OF TAJIKISTAN

DUSHANBE – FEBRUARY 20, 2019, 09:00 AM  

Analysis of the Tax and Customs Systems and the Effectiveness of Incentives Offered

Jan-Peter Olters
World Bank Country Manager Chair, Development Coordination Council

 ‘On the Interplay between Domestic Revenue Mobilisation and Private-Sector Development’

 In your State-of-the-Union Address, Mr President, you have reconfirmed that the improvement of living standards represented Tajikistan’s ‘supreme objective’, to be achieved by addressing issues related to public administration, the country’s export capacity, investment climate, private-sector development potential, and the labour market. This vision (including the definition of relevant policy instruments), the Development Coordination Council shares—convinced that, if pursued and implemented with ambition, courage, and perseverance, it would transform the country in a tangible, sustainable, and inclusive manner and upgrade the current remittance-financed, import- reliant economic model with one that is oriented towards manufacturing and exports, providing citizens with high-quality jobs and increasing wages. Read More

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