The purpose of the TA is to: (i) strengthen the financial sector regulatory framework and its enforcement, with focus on effective risk management; (ii) promote consolidation of the banking sector; and (iii) facilitate capital market development. The outputs will include: (a) enhanced regulatory and enforcement framework for the banking sector; (b) a strategic framework aimed at enhancing consolidation and attracting foreign investments in the banking sector; and (c) a medium-term policy, institutional and regulatory framework to guide capital market development.
|Project Name||Financial Sector Program II|
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Governance and capacity development
|Sector / Subsector||
Finance - Finance sector development
|Gender Equity and Mainstreaming||No gender elements|
|Description||The purpose of the TA is to: (i) strengthen the financial sector regulatory framework and its enforcement, with focus on effective risk management; (ii) promote consolidation of the banking sector; and (iii) facilitate capital market development. The outputs will include: (a) enhanced regulatory and enforcement framework for the banking sector; (b) a strategic framework aimed at enhancing consolidation and attracting foreign investments in the banking sector; and (c) a medium-term policy, institutional and regulatory framework to guide capital market development.|
|Project Rationale and Linkage to Country/Regional Strategy|
|Description of Outcome|
|Progress Toward Outcome|
|Description of Project Outputs|
|Status of Implementation Progress (Outputs, Activities, and Issues)|
|Summary of Environmental and Social Aspects|
|Stakeholder Communication, Participation, and Consultation|
|During Project Design|
|During Project Implementation|
|Consulting Services||A total of 56 person-months of individual consulting services will be required comprising of 14 person-months of international and 42 person-months of domestic expertise. The international consultants will include the following: (i) Banking System Specialist (5 person-months); (ii) Legal Expert (3 person-months); and (iii) Capital Market Specialist (6 person-months). The local experts will be: (i) an Accountant/Auditor (10 person-months); (ii) a Legal Expert (10 person-months); (iii) a Capital Market Specialist (8 person-months); and (iv) an Information Technology Specialist (14 person-months).|
|Responsible ADB Officer||Conrad, Jurgen F.|
|Responsible ADB Department||Central and West Asia Department|
|Responsible ADB Division||Public Management, Financial Sector and Trade Division, CWRD|
National Bank of the Kyrgyz Republic
Mr. Marlis Duishegulov, Director
7, Umetalieva Str, 720040, Bishkek Kyrgyz Republic
|Concept Clearance||10 Mar 2002|
|Fact Finding||26 Oct 2002 to 02 Nov 2002|
|Approval||19 Dec 2002|
|Last Review Mission||-|
|Last PDS Update||02 Jul 2006|
|Approval||Signing Date||Effectivity Date||Closing|
|19 Dec 2002||17 Jan 2003||17 Jan 2003||31 Jan 2004||28 Feb 2006||-|
|Financing Plan/TA Utilization||Cumulative Disbursements|
|600,000.00||0.00||0.00||0.00||0.00||0.00||600,000.00||19 Dec 2002||554,721.58|
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.
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Evaluation Documents See also: Independent Evaluation
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