Summary
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.
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| Project Name |
Financial Sector Program II |
| Project Number |
34172-012 |
| Country |
Kyrgyz Republic |
| Project Status |
Closed |
| Project Type / Modality of Assistance |
Technical Assistance
|
| Source of Funding / Amount |
| TA 4069-KGZ: Financial Sector Program II |
|---|
| Technical Assistance Special Fund |
US$ 600,000.00 |
|
| 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 |
|
| 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 |
|
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 |
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). |
| Procurement |
None |
Responsible Staff
| Responsible ADB Officer |
Jurgen Conrad |
| Responsible ADB Department |
Central and West Asia Department |
| Responsible ADB Division |
Public Management, Financial Sector and Trade Division, CWRD |
| Executing Agencies |
National Bank of the Kyrgyz Republic
Mr. Marlis Duishegulov, Director
[email protected]
7, Umetalieva Str, 720040, Bishkek Kyrgyz Republic
|
Timetable
| Concept Clearance |
10 Mar 2002 |
| Fact Finding |
26 Oct 2002
to 02 Nov 2002 |
| MRM |
-
|
| Approval |
19 Dec 2002 |
| Last Review Mission |
-
|
| Last PDS Update |
02 Jul 2006 |
TA 4069-KGZ
| Milestones |
|---|
| Approval |
Signing Date |
Effectivity Date |
Closing |
| Original |
Revised |
Actual |
| 19 Dec 2002 |
17 Jan 2003 |
17 Jan 2003 |
31 Jan 2004 |
28 Feb 2006 |
-
|
| Financing Plan/TA Utilization |
Cumulative Disbursements |
| ADB |
Cofinancing |
Counterpart |
Total |
Date |
Amount |
| Gov |
Beneficiaries |
Project Sponsor |
Others |
| 600,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
600,000.00 |
19 Dec 2002 |
554,721.58 |
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
None currently available.
Related Publications
None currently available.
The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
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