DEC. 8 2014 (The Conway Bulletin) – Tajikistan continues to attempt to increase its appeal to investors, even as its investment climate looks difficult — some would say too difficult — to all but the state-affiliated companies of its political allies.
During a recent meeting with UN Secretary-General for Trade and Development (UNCTAD) Mukhisa Kituyiin in Geneva, Tajik Foreign Minister Sirodzhiddin Aslov asked UNCTAD to conduct an independent study of the country’s investment policies.
With the country’s debt at $2b according to the ministry of finance, the need for a foreign capital injection is clear. Tajikistan’s ranking in the World Bank’s Doing Business study is 167th of 189 countries with lousy scores for categories such as ‘paying taxes’ and ‘getting electricity’. Both local and foreign businessmen complain of state corruption.
Tajikistan has also applied for a sovereign credit rating for 2015. When the agencies release their verdicts next year, it could make for interesting reading.
ENDS
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(News report from Issue No. 212, published on Dec. 10 2014)