Dushanbe, 18.02.2016. (NIAT “Khovar”). — The Minister of Finance of the Republic of Tajikistan Abdusalom Qurboniyon and the World Bank Country Manager for Tajikistan Patricia Veevers-Carter today signed an agreement to finance the Public Finance Management Modernization Project II (PFM-II).
According to WB Office in Tajikistan, 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 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 the Republic of Tajikistan will implement the PFM-II until 2021.