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p. 51 of 95 BACK | NEXT Message from the Chairman of the Board of Directors Members, Capital Stock and Voting Power The Record Abbreviations 2004 in Review: Board of Directors' Report Special Theme: The Changing Face of the Microfinance Industry: Building Financial Systems for the Poor Part 1: Institutional Effectiveness Part 2: Poverty Reduction Strategic Priorities Thematic Priorities Regional Perspectives East and Central Asia Azerbaijan China, People’s Republic of Kazakhstan Kyrgyz Republic Mongolia Tajikistan Turkmenistan Uzbekistan Mekong The Pacific South Asia Southeast Asia Part 3: Financial Statements: Management's Discussion and Analysis

Annual Report 2004 : Part 2: Poverty Reduction : East and Central Asia

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Kyrgyz Republic

Strategy and Policy Dialogue. The overall objective of the country strategy and program (CSP) for 2004–2006 is to reduce poverty. This will be addressed primarily by promoting private sector-led economic growth and support for human development. The CSP emphasizes (i) agriculture as a key sector for achieving pro-poor growth; (ii) the financial sector to stimulate domestic savings and investment; (iii) improving trade and road links with regional markets; and (iv) providing primarily basic education and early childhood development. The CSP is based on the development objectives and strategy in the comprehensive development framework to 2010 and the national poverty reduction strategy for 2003–2005, the Millennium Development Goals (MDGs), the strategic focus and ongoing and planned programs and projects of other external agencies, and ADB's knowledge and experience in the country.

ADB's policy dialogue focused on reforming customs, the judicial system, and management of external assistance. Under the regional trade facilitation and customs cooperation program, the government revised the customs code to bring it in line with international standards and conventions for simplifying procedures and introduced modern controls. Coordination between customs and other revenue collection agencies was improved.

Under the second ADB corporate governance and enterprise reform program, the government undertook constitutional changes, amendments to the law on joint stock companies to improve corporate governance, streamlining adjudication to resolve commercial disputes quickly, and protection of creditors' rights. ADB provided technical assistance to improve donor coordination, to strengthen project management in line ministries, and to plan public investment.

Loans and Technical Assistance. Two loans for $40.3 million were approved: one for $32.8 million for rehabilitation of the southern transport corridor road and one for $7.5 million as a component of the regional project for customs modernization and infrastructure development. Seven technical assistance activities totaling $3.9 million were approved. In addition, three Japan Fund for Poverty Reduction (JFPR) grant projects totaling $3.0 million were approved.

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