The purpose of this assessment was to provide the Government of Tajikistan with an objective assessment of Tajikistan’s PFM systems in order that it may form a better understanding of the overall fiduciary environment of the budget and assist in identifying those parts of the PFM systems most in need of reform. The expected outcome of the PEFA assessment was to provide a basis for the formulation of a PFM reform strategy, aimed at strengthening PFM in Tajikistan and securing a safer fiduciary environment as to allow donor funding to flow through the budget. The assessment was closely linked to the Programmatic Public Expenditure Review undertaken by the Bank and will underpin the Government’s dialogue with its development partners.