Regions and Countries

	Table of Contents
p. 16 of 19 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 - Uzbekistan

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VI. Cofinancing and Catalyzing External Resources

88. While there has been no cofinancing of ADB projects to date, ADB is actively exploring avenues of mobilizing cofinancing especially for its projects in agriculture, SMEs, education, transport, and urban social infrastructure sectors. As part of the ADB's cofinancing strategy and in view of ADB's poverty reduction operations and the country's category as a Group C Country, ADB will vigorously explore grant or concessional cofinancing possibilities with multilateral and bilateral agencies to poverty reduction activities, particularly targeting the poor. Grant or concessional cofinancing could be utilized to support soft components of the project and to pilot test community-based poverty reduction activities (e.g., supporting social development funds, skills training and capacity building). Organization of Petroleum Exporting Countries (OPEC) Fund for International Development confirmed its co-financing arrangements for the Railway Modernization Project which was approved in 2000. Once the Government of Japan resumes full lending operations for Uzbekistan, cofinancing possibilities with JBIC could be potentially high in education and transport sectors. In the past, the Government has issued its guarantees to export credit agencies, such as US EXIM and JBIC, selectively to finance the oil and gas sector. Recently there is a growing concern over the increasing foreign borrowing with government guarantees. In these circumstances, there will be limited prospects for export credit financing and commercial cofinancing with government guarantees.

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