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 | |
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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 | |
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Environmental Aspects | |
Involuntary Resettlement | |
Indigenous Peoples | |
Stakeholder Communication, Participation, and Consultation | |
During Project Design | |
During Project Implementation |
Business Opportunities | |
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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 | |
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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 | |||||
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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 | |||||||
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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.
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Title | Document Type | Document Date |
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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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Tenders
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Procurement Plan
None currently available.