Project Data Sheet

Project Data Sheets (PDS) contain summary information on the project or program: Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

PDS Creation Date
PDS Updated as of 12 Apr 2011

Project Name Developing Prudential Regulations & Supervision of SCUs
Country Uzbekistan
Project/Program Number 33196-032
Status Approved
Geographical Location
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
Sector and/or Subsector Classification Finance
/ Microfinance
Strategic Agendas
Drivers of Change
Gender Mainstreaming Categories

Financing

Type/Modality of Assistance Approval Number Source of Funding Approved Amount (thousand)
Technical Assistance4021-0
TOTAL US$ 0

Summary of Environmental and Social Issues

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples

Stakeholder Communication, Participation and Consultation

During Project Design
During Project Implementation

Description

The TA is aimed at strengthening the capacity of the Banking Supervision and Licensing Division (BSLD) of the Central Bank of the Republic of Uzbekistan (CBU) to effectively regulate, supervise and monitor the operations and management of the newly created Savings and Credit Unions (SCUs) to ensure sound development and better withstand challenges and crises. The TA will (i) enhance CBU's SCU supervision capabilities and design appropriate systems for supervision monitoring and reporting of SCU's solvency, liquidity and profitability; (ii) determine the circumstances under which CBU as the central bank may act as a temporary lender of last resort to address SCU's temporary liquidity problems; (iii) develop within CBU an early-warning management information system to enable the central bank's intermediation when required to avert any SCU's financial crisis; and (iv) facilitate understanding by CBU staff on microfinance sector policy and performance issues.

Project Rationale and Linkage to Country/Regional Strategy

Development Impact

Project Outcome

Description of Outcome
Progress Towards Outcome

Outputs and Implementation Progress

Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Status of Development Objectives
Material Changes

Business Opportunities

Date of First Listing 2007 Mar 01
Consulting Services
A total of 24 person-months of consulting services comprising 9 person-months of international expertise and 15 person-months of domestic expertise will be required. The skills required and length of service for international consultants include: (i) SCU Supervision and Regulation Specialist/Team Leader (6 person-months); (ii)SCU Legal Advisor (1 person-month); and (iii) SCU MIS Specialist (2 person-months). The domestic consultants will comprise of: (i) SCU Development Advisor (8 person-months); and (ii) MIS Specialist (7 person-months). The consulting services will be provided by an international consulting firm that will provide both international and domestic consultants.
Procurement
None
Procurement and Consulting Notices
http://www.adb.org/projects/33196-032/business-opportunities

Timetable

Concept Clearance 10 Aug 2001
Fact-finding 16 Apr 2002 to 30 Apr 2002
Management Review Meeting
Approval 09 Dec 2002
Last Review Mission

Milestones

Approval No. Approval Signing Effectivity Closing
Original Revised Actual
Technical Assistance 4021 09 Dec 2002 13 Feb 2003 13 Feb 2003 28 Feb 2004 31 Jan 2005

Utilization

Date Approval Number ADB (US$ thousand) Others (US$ thousand) Net Percentage
Cumulative Contract Awards
Cumulative Disbursements

TA Amount (US$ thousand)

Approval Number Approved Amount Revised Amount Total Commitment Uncommitted Balance Total Disbursement Undisbursed Balance
Technical Assistance 4021 400 400 400 0 400 0

Contacts and Update Details

Responsible ADB Officer R. Narasimham (rnarasimham@adb.org)
Responsible ADB Department Central and West Asia Department
Responsible ADB Divisions Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies Central Bank of the Republic of Uzbekistan
M. Abdullayev

Links

Project Website http://www.adb.org/projects/33196-032/main
List of Project Documents http://www.adb.org/projects/33196-032/documents