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p. 37 of 39 BACK | NEXT Introduction Bankwide Project Implementation Performance Country Implementation Highlights Bangladesh Bhutan Cambodia China, People's Republic of India Indonesia Kazakhstan Korea, Republic of Kyrgyz Republic Lao, People's Democratic Republic Malaysia Maldives Mongolia Myanmar Nepal Pakistan Philippines Pacific Developing Member Countries Sri Lanka Tajikistan Thailand Uzbekistan Viet Nam Appendix

Seminannual Report on Project Administration and Technical Assistance Implementation for the Period Ending 30 June 1999 : Country Implementation Highlights

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Uzbekistan

There were five ongoing loans, with no loans approved or closed during the period. The two loans approved during the second half of 1998 became effective during the period. All projects were rated satisfactory in both implementation progress and achievement of development objectives, except for the Rural Enterprise Development, which was assessed as partly satisfactory in achieving development objectives. The Railway Rehabilitation underwent a minor change in scope, and no projects had changes in implementation arrangements.

While substantial progress has been made in project implementation, there is still room for major improvement. EAs and project implementation units are still on the learning curve in terms of the Bank's business practices. Generally, cumbersome and inefficient internal bureaucratic procedures governing procurement and disbursement, and prolonged policy dialogue with the Government to reach agreement in the policy and sector reform agenda, have adversely affected project implementation. The CPRM, which was held in June 1999, identified and discussed major issues in project implementation. The CPRM agreed on an action plan to improve portfolio performance.

Contract awards were $12.8 million, or 101 percent of the semiannual projection of $12.7 million and 30 percent of the annual projection of $42.7 million. Disbursements reached only $1.6 million, or 26 percent of the semiannual projection of $6.0 million and 6 percent of the annual projection of $26.0 million. The major shortfalls in contract awards and disbursements were due mainly to the poor performance of the Rural Enterprise Development and the Basic Education Textbook. There were no disbursements from program loans. The disbursement ratio remained at less than 1 percent against the Bankwide average of 11.9 percent. Net resource transfer, however, increased to $1.4 million from $0.4 million as of 30 June 1998 due to the comparatively higher disbursements.

Audited project accounts and financial statements due for one loan were submitted.

Environmental covenants for one loan were met and compliance was ongoing for two. The covenants were not applicable to the remaining two loans. Compliance with the social covenants was ongoing for three loans. The covenants were not applicable to the other two. Tables 79 and 80 summarize the data on Uzbekistan.

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