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For the purpose of this questionnaire, and in accordance with the International Monetary Fund’s definition (https://www.imf.org/external/np/sta/di/glossary.pdf), a foreign firm is a foreign-owned domestically incorporated enterprise (e.g. subsidiaries) in which a foreign investor owns 10 percent or more of the ordinary shares or voting power.)×
Material Adverse Government Action means any act or omission by the procuring authority or other relevant authority, which occurs during the term of the PPP Contract and which has a material adverse effect on (i) the ability of the PPPCo to comply with any of its material obligations under this PPP Contract and/or (ii) the cost or the profits arising from such performance.)×
A financial model is an analytical tool that allows the user to assess the financial robustness of the project by representing its expected financial performance, including cash flows, returns, etc. Not to be confused with a financial proposal.)×
To conduct the analysis on Tajikistan, the Benchmarking Public Procurement team referred to The Republic of Tajikistan Law "On public procurement of goods, works and services" found at: http://zakupki.gov.tj/zakonodatelstvo/.
To conduct the analysis on Tajikistan, for the Public-Private Partnerships Procurement topic, the team referred to Law No. 907 on Public Private Partnerships, dated December 28, 2012, and Resolution of the Board No. 81, dated September 25, 2014 on"the Preparation and Implementation of PPP Projects in the Republic of Tajikistan".×