Countries and Regions

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p. 3 of 5 BACK | NEXT I. Current Development Trends and Issues II. Implementation of the Country Strategy And Program III. Portfolio Management Issues IV. Country Performance and Assistance Levels Appendixes

Country Strategy and Program Update 2005-2007: Kazakhstan

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III. Portfolio Management Issues

A. Portfolio Performance

22. As of 31 December 2003, ADB had approved 12 loans for nine projects for a total of $501.6 million⁹ (of which $441.6 million was from ordinary capital resources and $60.0 million from the Asian Development Fund). Four of the 12 loans were active at the end of 2003.¹⁰ The $34.6 million loan for the Rural Area Water Supply and Sanitation Sector Project was approved in September 2003. In addition, ADB approved six TA grants totaling $1.8 million in 2003. Since 1994 when Kazakhstan joined ADB, ADB has provided 51 TAs for a total of $23.4 million.

23. Contract awards in 2003 totaled $48.8 million, bringing the cumulative total for ongoing projects to $105.9 million. The 2003 contract awards achieved 125% of projections, compared with the ADB average of 84%. Disbursements during the year totaled $13.5 million, bringing cumulative disbursements for ongoing projects to $56.0 million. The 2003 disbursements totaled 95% of the projections, compared with the ADB average of 99%. All four ongoing loans were rated satisfactory at the end of 2003. Portfolio performance indicators and the implementation status are in Appendix 1, Table A1.6–A1.9.

B. Performance Monitoring and Evaluation

24. In 2003, ADB started conducting a joint country portfolio review with the World Bank. ADB’s portfolio performance has been generally satisfactory. The need to systematize the work process has been an issue, however. The 2003 country portfolio review helped initiate the identification of work processes in a structured manner. Implementation will require management information systems for better information sharing and processing. An advisory TA is included in 2004 for that purpose.

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