11:25, 4 декабря, 2020
The World Bank is investing in the modern public finance management in Tajikistan through providing a US$6 million grant.
In support of Tajikistan’s efforts to strengthen the efficiency, accountability, and transparency of public expenditure, especially critical in the current COVID-19 context, the World Bank’s Board of Executive Directors on December 2 approved 6 million U.S. dollars in additional financing for the Public Finance Management Modernization Project II (PFMMP-II). The project financing was provided in the form of a grant from the International Development Association (IDA).
World Bank Country Manager for Tajikistan, Mr. Jan-Peter Olters, notes that a strong public financial management system underpins a government’s ability to provide quality services to citizens and channel resources efficiently and effectively to priority needs, such as health, education, and poverty reduction. “Especially in light of the crisis-induced reduction of budgetary revenues, a strong PFM system is indispensable as policy instrument to distribute scarce resources effectively and allow policy-makers and citizens to receive full…
