World Bank Gives Tajikistan $38 Million

The World Bank has confirmed that it is giving Tajikistan $38 million in two grants to plug budget gaps and help improve the tax system, its Tajikistan office said on Saturday.
 The second grant, for $18 million, is to be spent on improving the tax system. The project’s aim is to achieve transparency over taxation, cut the expenses involved, improve the quality of services offered, and crack down on the shadow economy.
 The tax system reform project was developed under the strategic partnership for 2010-2013 between the World Bank and Tajikistan.
 The World Bank currently has a portfolio of 14 projects worth a total $236 million in Tajikistan, with most being in the hydropower sector.