17 January 2014

On January 17, 2014 Zavkidjon Zavkiev - Head of Secretariat of the Consultative Council on Improvement of Investment Climate under the President of the Republic of Tajikistan had a meeting with Ulf Hindstrom - Head of Resident Office of European Bank for Reconstruction and Development in Tajikistan.

In the first part of the meeting, the Head of Secretariat of the Consultative Council concretely updated on key achievements of Council in 2013 year. It was noted that in 2013 year the Consultative Council and its Secretariat has completed significant works, necessary reforms on improvement of investment and business climate are being continued, as well as in troduction amendment and modification to Tax Code of the Republic of Tajikistan, improvement of the Republic of Tajikistan’s indicators in the Doing Business Report of the World Bank, improvement of investment climate in tourism, establishment of sovereign credit rating of the country, on ratification of Tajikistan to Hague Convention on abolition of legalization of foreign official documents.

Additionally, it was informed that the Working Group on development of secondary market for securities and a stock exchange market in Tajikistan under the National Bank of the Republic of Tajikistan and the Working Group on improvement of insurance sphere under the Ministry of Trade Development and Economy are established and being continue their activity. The Drafts of Action Plans of the Government of the Republic of Tajikistan on improvement of investment climate in tourism and improvement of Republic of Tajikistan’s indicators in the Doing Business Report of the World Bank were sent to the relevant ministries and agencies and on the base of their proposals they would be submitted to the Government of the Republic of Tajikistan.

The EBRD’s side highly appreciated these reforms.

Then, in the second part of the meeting, the EBRD’s side informed that this Bank would continue finance and technical support for two years. The Head of the Secretariat thanked the EBRD for the finance and technical support that is contributed for the effective activity of the Secretariat.

At the completion of the meeting, the sides expressed the willingness to continue their bilateral fruitful cooperation.

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