Countries and Regions

	Table of Contents
p. 20 of 20 BACK | NEXT I. Country Performance Assessment II. Country Operational Strategy III. Sector Strategies IV. Regional Cooperation V. Donor Activities and Aid Coordination VI. Cofinancing and Catalyzing External Resources VII. ADB’s Operational Program VIII. Economic and Sector Work Program IX. Local Cost Financing

Country Assistance Plans - Kazakhstan

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IX. Local Cost Financing

62. To date, ADB has financed about 66 percent of the total project costs, including 36.4 percent ($46.75 million) of the total local costs for Kazakhstan. In the near term, Kazakhstan is likely to continue to borrow from ADB for financing part of local costs due to fiscal constraints. Despite the recent improvement, the Government’s fiscal situation remains difficult and this will constrain its capacity to mobilize adequate counterpart funds and cover the entire local costs for the projects to be financed by ADB during 2001-2003. The Government’s difficulties in local cost financing will have to be monitored closely.

Back VIII. Economic and Sector Work Program	Country Assistance Plans - Kazakhstan