Investment Climate Reforms Program - Subprograms 1 and 2)

It is important to properly phase implementation schedules to allow for deeper analysis of output and outcome progress and rectify indicators. All four outcome indicators were not achieved but progress was recorded against outcome indicators related to increases in private investment, internationally certified Tajik firms, and regulatory quality; and in the case of women entrepreneurs was particularly good if measured by electronic tax declarations. This suggests that targets were initially overambitious and/or that outcome indicators should be considered over a longer period. The experience highlights the importance of properly phasing the implementation schedules of subprograms to allow for deeper analysis of output and outcome progress and rectification in indicators. Trajectory should be considered more explicitly in the design of a diverse, cross-disciplinary programs like this. It seems harsh that progress was recorded across the program, but all four outcome indicators are recorded as ‘not achieved.’ The quality certification indicator B target and baseline appears to use different definitions which suggests more transparent and more clearly defined data could be considered in future for indicators of this nature.