Uzbekistan: Pilot Testing of Rural Savings and Credit Union

Sovereign Project | 33196-022

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Project Name Pilot Testing of Rural Savings and Credit Union
Project Number 33196-022
Country Uzbekistan
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 3635-UZB: Pilot Testing of Rural Savings and Credit Union
Technical Assistance Special Fund US$ 150,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector Finance - Inclusive finance
Gender Equity and Mainstreaming No gender elements
Description The objective of the Study is to develop a nationwide savings and credit union system. The purpose is to pilot test SCUs and legislation and regulation, policies and procedures and supervisory arrangements for SCUs. The Study will (i) establish up to three pilot SCUs (ii) train officials and staff of the SCUs in SCU organization, operations and financial management, and the duties and responsibilities of Board, Credit Committee, Audit Committee and management (iii) train CBU staff in supervision of SCUs (iv) supervise the implementation of the legal and regulatory framework and recommend any improvements (v) supervise the implementation of the SCU operational policies and procedures and recommend any improvements and (vi) establish and operate a trial regulatory unit in the CBU. The TA will include workshops and oversea study tour training to expose and train SCUs officials and managers and CBU staff in the operations and supervision of SCUs.
Project Rationale and Linkage to Country/Regional Strategy
Impact
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Countrywide
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services An international SCU specialist will be employed for 3.75 personmonths. A local consultant will be employed to promote support for the establishment of the pilot SCUs and assist with the training of SCU staff.
Responsible ADB Officer R. Narasimham
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies
Central Bank of the Republic of UzbekistanMr. K. T. Rofiyev, Deputy ChairmanTashkent, Uzbekistan
Timetable
Concept Clearance 10 Mar 2001
Fact Finding 06 Jan 2001 to 11 Jan 2001
MRM -
Approval 05 Mar 2001
Last Review Mission -
Last PDS Update 27 Feb 2007

TA 3635-UZB

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
05 Mar 2001 - 05 Mar 2001 31 Jul 2001 30 Sep 2003 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
150,000.00 0.00 0.00 0.00 0.00 0.00 150,000.00 05 Mar 2001 122,733.10

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