.

One of the important conditions to attract investments into the economy is country’s high investment ranking. The higher the ranking, the higher the attractiveness for investors and lower the risk of investments. Improvement of the ranking lets country to attract the capitals of bigger and reliable investors.

In 2004 The International Finance Corporation and the World Bank had launched the project that assess investment ranking of countries "Doing Business". Since that time the results of the project’s research are published annually and provides objective measures of business regulations and their enforcement across 181 economies (www.doingbusiness.org)

The aim of this project is to stimulate the development of favorable investment climate of different economies, improvement of the quality of their legislation and effectiveness of its use, improvement of investment attractiveness, share of advanced knowledge and comparison of country’s experience in business environment improvement. The distinctive feature of project "Doing Business" is reform advancement that doesn’t need high budget costs, investments and directed firstly to lowering the redundant bureaucratic load to business that is especially important for developing countries and transitional economies.

Under the ranking "Ease of Doing Business" economies are ranked from 1 to 181, with first place being the best. The higher the ranking on the ease of doing business index means the regulatory environment is conducive to the operation of business in this economy. This index averages the country's percentile rankings on 10 topics, made up of a variety of indicators, giving equal weight to each topic.

The methodology assess the ease of procedure for starting a business, licensing, hiring and firing employees, registering property, getting credit, protecting investors, paying taxes, import- export operations, enforcing contracts and closing a business.

In December, 2008 Consultative Council on Improvement of the Investment Climate under the President of the Republic of Tajikistan had recommended to the Government of RT specific action plan to improve the indicators of the international ranking of the Republic of Tajikistan.

This plan is directed to improve the following international rankings of the country:

• «Registration of the enterprises»
• «Dealing with construction permits»
• «Protecting investors»
• «Closing a business»

Implementation of these actions has to be completed in May, 2009.

Tajikistan’s ranking according to the assessment of the World Bank can be reviewed at: www.doingbusiness.org