Uzbekistan: Public Finance Management Reform Project
Since 2000, the Government of Uzbekistan has been working with international partners to prepare the public finance management reform. After 7 years of pilot testing, the government adopted a long-term strategic approach to advance public finance reforms. Initially, the Asian Development Bank (ADB) was not directly involved in public finance but largely coordinated activities, through its involvement in financing public sector investment projects. In May 2007, the Ministry of Finance developed the Public Finance Management Reform Strategy, 2007–2018 with support from the International Monetary Fund (IMF) and ADB. The strategy outlined a 12-year action plan to (i) establish a functioning treasury system, (ii) adopt and implement a unified budget and accounting system, and (iii) introduce a medium-term budget framework (MTBF) and program budgeting. When the envisaged assistance from the World Bank became unavailable, the government requested ADB support to develop a comprehensive treasury system and implement a unified budget and accounting systems for its public finance strategy. In this context, ADB prepared the Public Finance Management Reform Project, which was implemented through ADB’s project loan modality. The project built and improved on the concept, design documents and procurement packages prepared jointly by the government and the WB in 2005.
This report validates the completion report's assessment of the program. IED overall assessment: Less than successful.