Dushanbe, April 29, 2008—IFC, a
member of the World Bank Group, today presented the results of its analysis
of the Republic of Tajikistan’s permit system to representatives of the
government, state bodies, international organizations, entrepreneurs, and
the mass media. The results focused on the challenges of obtaining a permit
and international best practices for reforming the permit system.
According to IFC’s survey, the Tajikistan government spends more than
$7 million a year to administer a complex permit system. About 40 percent
of local entrepreneurs face difficulties when applying for permits, a process
that is expensive and time-consuming. The system needs reform to make procedures
more practical and transparent and ensure that they align with the principles
of a market economy.
“We based our analysis on a review of existing legislation and interviews
with government officers and local entrepreneurs. This allowed us to identify
ways to improve the permit system,” said Madina Nurmatova, IFC legal advisor.
The initiative was led by the IFC Business Enabling Environment – SME
Policy Project, which is funded by the State Secretariat for Economic Affairs
IFC, a member of the World Bank Group, fosters sustainable economic growth
in developing countries by financing private sector investment, mobilizing
private capital in local and international financial markets, and providing
advisory and risk mitigation services to businesses and governments. IFC’s
vision is that people should have the opportunity to escape poverty and
improve their lives. In FY07, IFC committed $8.2 billion and mobilized
an additional $3.9 billion through syndications and structured finance
for 299 investments in 69 developing countries. IFC also provided advisory
services in 97 countries. For more information, visit www.ifc.org.
The State Secretariat for Economic Affairs is the Swiss Confederation's
competence center for all the core issues related to economic policy. Its
aim is to create basic regulatory and economic policy conditions to enable
business to flourish and benefit all. SECO also represents Switzerland
in the large multilateral trade organizations and international negotiations,
and is involved in efforts to reduce poverty and help developing countries
with transition economies build sustainable democratic societies and viable
market economies. Each year, Switzerland spends about 1.9 billion francs
on development cooperation and transition assistance to countries.