Tajikistan, World Bank sign project to strengthen public finance management

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DUSHANBE (TCA) — Tajikistan’s Finance Minister Abdusalom Qurboniyon and the World Bank Country Manager for Tajikistan, Patricia Veevers-Carter, on February 17 signed an agreement to finance the Public Finance Management Modernization Project II (PFM-II). The project is financed from the International Development Association in the amount of US$10 million and from the United Kingdom Department for International Development (DFID) in the amount of US $9.8 million, the World Bank said.

“As part of our efforts to support quality public services for Tajikistan’s population, we are glad to finance this new project, together with DFID, which should further strengthen the efficiency, accountability and transparency of public expenditure in Tajikistan,” said Patricia Veevers-Carter.

“The UK is pleased to continue supporting the Government of Tajikistan improve its public financial management,” noted Peter Fernandes Cardy, Head of DFID in Central Asia. “Our US $9.8 million grant, provided through the World Bank, will help the Government deliver its budget more effectively, accountably and transparently. This will help provide better public services to Tajik citizens.”

The Public Finance Management Modernization Project-II will continue supporting the Government of Tajikistan in improving the effectiveness, control and accountability of public expenditure. The project will support modernization of the automated financial management systems to strengthen the budget planning, budget execution, treasury, accounting and financial reporting functions across government entities. It will also strengthen accounting and financial reporting capacities of selected state-owned enterprises. The project will focus on strengthening the regulatory and institutional framework for public procurement and support implementation of an e-Procurement system. In addition, the project will help the Tajik Chamber of Accounts to develop and implement an appropriate audit methodology to carry out compliance and performance audits. In line with the Government’s E-Government Concept, the project will also provide support in strengthening the regulatory framework for e-Government services in Tajikistan, as well as in developing a pilot of selected e-Government services.

The Ministry of Finance of Tajikistan will implement the PFM-II until 2021.

Sergey Kwan

TCA