Fiscal Risks Emerging from Concession and PublicPrivate Partnership (PPP) Projects in the Republic of Tajikistan

Overview & Synopsis

This document provides a comprehensive assessment of the direct commitments and contingent liabilities of the Government of the Republic of Tajikistan stemming from concession and publicprivate partnership (PPP) projects. This assessment strengthens the management of fiscal risks associated with concession and PPP projects. Understanding the extent of fiscal exposure is crucial not only for proactively managing risks and anticipating potential defaults, early terminations, or contract modifications but also for enabling the government to take preventive measures to mitigate the impact of project failures. Additionally, this commitment to transparency reinforces the government's dedication to responsible fiscal management, which is essential for the long-term success and sustainability of these initiatives. For potential investors and creditors, such assessments signal a prudent and accountable approach to risk management, fostering confidence in the government's ability to oversee and support concession and PPP projects effectively.