Countries and Regions

	Table of Contents
p. 19 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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IX. Local Cost Financing

97. Following the ADB's Graduation Policy for DMCs adopted in December 1998, Uzbekistan is categorized as a Group C Country. Effective 1 January 1999, there are changes in the project cost-sharing limits for Uzbekistan, falling from 60 percent to 40 percent in a phased manner, with a 5 percentage points reduction per year. For the six loans approved to date, ADB has financed about 52 percent of total project cost, including local cost financing 3.3 percent ($15.7 million) out of total local costs. It is expected that Uzbekistan, at least in the near term, will continue to borrow from ADB for financing relatively small amount of local costs. The Government's major concern is serious consideration and implication of counterpart funds availability for projects for 2001 - 2003 due to the larger financing share to be born by the Government.

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