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 Number | 34172-012 | ||||
| Country | Kyrgyz Republic |
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| Project Status | Closed | ||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Governance and capacity development |
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| Sector / Subsector | Finance - Finance sector development |
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| 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 ADB Officer | Conrad, Jurgen F. |
| 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 |
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.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
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.
| Title | Document Type | Document Date |
|---|---|---|
| Financial Sector Reforms | Technical Assistance Reports | Dec 2002 |
Safeguard Documents See also: Safeguards
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.
Evaluation Documents See also: Independent Evaluation
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Related Publications
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