Kyrgyz Republic : Investment Climate Improvement Program (Subprogram 1)

Sovereign Project | 41544-022

ADB is supporting the Kyrgyz Republic's drive to achieve higher, broad-based growth by improving the business climate. The program will focus on reforms that will reduce entry and exit barriers and compliance costs for businesses. It will improve access to finance for small and medium-sized businesses. It will also develop a policy and regulatory framework for public-private partnerships.

Project Name Investment Climate Improvement Program (Subprogram 1)
Project Number 41544-022
Country / Economy Kyrgyz Republic
Project Status Closed
Project Type / Modality of Assistance Grant
Source of Funding / Amount
Grant 0120-KGZ: Investment Climate Improvement Program (Subprogram 1)
Asian Development Fund US$ 12.50 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Finance / Banking systems and nonbank financial institutions - Finance sector development - Infrastructure finance and investment funds - Money and capital markets

Industry and trade / Trade and services

Public sector management / Economic affairs management

Gender No gender elements
Description To support sustainable economic growth by promoting private sector development. Specifically, it was agreed that it would include three main components: (i) reducing regulatory burden and compliance cost; (ii) improving SME access to credit and leasing products; and (iii) developing policy and regulatory framework for public-private parnerships (PPP).
Project Rationale and Linkage to Country/Regional Strategy
Impact Sustainable economic growth and employment creation.
Project Outcome
Description of Outcome Improved investment climate and business environment.
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

1. Entry and exit barriers and compliance costs reduced.

2. Access to finance improved.

3. Private sector investment in infrastructure services increased.

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
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 N/A
Procurement Program grant proceeds will be used to finance the foreign exchange cost of items produced and procured in ADB member countries, other than items specified in the list of ineligible items or imports financed by other bilateral and multilateral sources. All procurement under the program grant will be undertaken through normal commercial practices for the private sector of the Government's prescribed procurement procedures acceptable to ADB, with due consideration to economy and efficiency. The Government will certify that the volume of eligible imports exceeds the amount of ADB's projected disbursement under the grant for the given period. The disbursement of the program grant will be in accordance with Simplification of Disbursement Procedures and Related Requirements for Program Loans (1998). ADB reserves the right to audit the use of program grant proceeds and verify the accuracy of the Government's certification.
Responsible ADB Officer Barreto, Ruben B.
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies
Ministry of Economic Regulation
[email protected]
Chui Avenue, Bishkek 720002
Kyrgyz Republic
Ministry of Economic Regulation
Chui Avenue, Bishkek 720002
Kyrgyz Republic
Concept Clearance 31 Jul 2008
Fact Finding 23 May 2008 to 20 Jun 2008
MRM 28 Jul 2008
Approval 03 Nov 2008
Last Review Mission -
PDS Creation Date 24 Oct 2008
Last PDS Update 28 Oct 2008

Grant 0120-KGZ

Approval Signing Date Effectivity Date Closing
Original Revised Actual
03 Nov 2008 24 Nov 2008 18 Dec 2008 31 Dec 2009 - 19 Jan 2009
Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 12.50 Cumulative Contract Awards
ADB 12.50 17 Jun 2022 12.50 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 17 Jun 2022 12.50 0.00 100%

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
Investment Climate Improvement Program: Completion Report Project/Program Completion Reports Mar 2015
Grant Agreement for Investment Climate Improvement Program - Subprogram 1 between Kyrgyz Republic and ADB dated 24 November 2008 Grant Agreement Nov 2008
Investment Climate Improvement Program Reports and Recommendations of the President Oct 2008
Investment Climate Improvement Program Design and Monitoring Frameworks Jul 2008

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

Title Document Type Document Date
Kyrgyz Republic: Investment Climate Improvement Program Validations of Project Completion Reports Oct 2015

Related Publications

None currently available.

The Access to Information Policy (AIP) 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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No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.