DIGITALIZATION OF THE ECONOMY AS A FACTOR IN ENHANCING THE INVESTMENT ATTRACTIVENESS OF THE REPUBLIC OF TAJIKISTAN: CURRENT STATE, CHALLENGES, AND PROSPECTS

Abstract

The article examines the relationship between digital transformation and investment attractiveness in the Republic of Tajikistan. The study focuses on the channels through which digital infrastructure, e-government services, cashless payments, e-commerce, digital skills and institutional development can affect investment conditions. The research applies systemic and institutional approaches, comparative and statistical analysis, and analysis of national regulatory documents. Official data of Tajikistan's public authorities are used. The study argues that investment activity and digital transformation are developing simultaneously, while their statistical co-movement should not automatically be interpreted as a direct causal effect. The paper proposes a transition from fragmented digitalization toward an integrated investment-digital ecosystem aimed at reducing administrative and transaction costs, improving transparency, strengthening infrastructure and developing human capital.