Summary
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.
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| Project Name |
Investment Climate Improvement Program (Subprogram 1) |
| Project Number |
41544-022 |
| Country |
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 Equity and Mainstreaming |
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 |
Kyrgyz Republic |
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 Staff
| Responsible ADB Officer |
Ruben Barreto |
| 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
|
Timetable
| 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
| Milestones |
|---|
| 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 |
03 Nov 2008 |
12.50 |
0.00
|
100% |
| Counterpart |
0.00 |
Cumulative Disbursements |
| Cofinancing |
0.00 |
03 Nov 2008 |
12.50 |
0.00
|
100% |
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.
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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