Kyrgyz Republic: Investment Climate Improvement Program - Subprogram 2

Sovereign Project | 41544-082 Status: Closed

ADB is helping the Kyrgyz Republic improve its investment and business climate by addressing constraints to private sector development. The project supports policy reforms that will reduce compliance costs for businesses, improve access to finance, enhance skills development, and facilitate public-private partnerships in infrastructure and social services.

Project Name Investment Climate Improvement Program - Subprogram 2
Project Number 41544-082
Country Kyrgyz Republic
Project Status Closed
Project Type / Modality of Assistance Grant
Source of Funding / Amount
Grant 0319-KGZ: Investment Climate Improvement Program - Subprogram 2 (Preparing Subprogram 3)
concessional ordinary capital resources lending / Asian Development Fund US$ 20.00 million
TA 8222-KGZ: Investment Climate Improvement Program - Subprogram 2 (Preparing Subprogram 3)
Technical Assistance Special Fund US$ 550,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Education - Technical and vocational education and training

Finance - Finance sector development - Inclusive finance - Small and medium enterprise finance and leasing

Industry and trade - Industry and trade sector development

Public sector management - Economic affairs management - Law and judiciary - Public expenditure and fiscal management

Gender Equity and Mainstreaming Effective gender mainstreaming
Project Rationale and Linkage to Country/Regional Strategy

Project Outcome

Description of Outcome
Progress Toward Outcome Policy reforms under subprogram 2 have been completed.
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues) All policy actions under subprogram 2 have been implemented. The attached technical assistance that supports implementation of subprogram 3 was extended to 15 October 2014.
Geographical Location Kyrgyz Republic

Summary of Environmental and Social Aspects

Environmental Aspects C
Involuntary Resettlement C
Indigenous Peoples C
Stakeholder Communication, Participation, and Consultation
During Project Design The project design rests on the design of the ICIP cluster, which was developed in 2007-2008 based on comprehensive stakeholder consultations, leading to the approval of the cluster and subprogram 1 in 2008.
During Project Implementation Consultations were continued from 2009 onwards through a TA approved together with subprogram 1 to prepare subprogram 2 and a sequence of reconnaissance and consultation mission. An official fact-finding mission was fielded in November-December 2011. A final consultation mission was fielded in September 2012.

Business Opportunities

Consulting Services

The TA will require 13 person-months of international and 52.0 person-months of national consultants' services. The consultants will be a national business-regulation expert for 10.0 person-months, an international microfinance regulation expert for 3 person-months, an international financial market expert for 2.0 person-months, an international PPP specialist for 8.0 person-months, two national PPP specialists for 24.0 person-months, and a national legal expert for 18.0 person-months. The consultants will not likely be fielded at the same time and focus on three not directly related outputs. All international and national consultants will, therefore, be engaged on an individual basis in accordance with ADB's Guideline on the Use of Consultants (2007, as amended from time to time), and ADB's procedures for recruiting individual consultants. ADB staff will oversee the consultants' work and act as team leader.

Update as of 26 March 2014

Four international consultants (Microfinance, PPP, Legal and Deposit Insurance experts) and six national consultants (Legal, Business regulation, foreign trade clearance, Finance, and PPP experts) have been engaged since January 2013. The TA has been extended to 30 September 2014. It is proposed to engage one international microfinance regulation expert for 2 person-months from April to end Sep 2014 on intermittent basis.

Procurement No procurement of goods/services is envisaged.

Responsible Staff

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 Economy
106, Chui Prospect, Bishkek, Kyrgyz Republic


Concept Clearance -
Fact Finding -
Approval -
Last Review Mission -
Last PDS Update 16 Sep 2014

Grant 0319-KGZ

Approval Signing Date Effectivity Date Closing
Original Revised Actual
26 Nov 2012 26 Nov 2012 05 Dec 2012 31 Dec 2012 - 07 Feb 2013
Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 20.00 Cumulative Contract Awards
ADB 20.00 26 Nov 2012 20.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 26 Nov 2012 20.00 0.00 100%

TA 8222-KGZ

Approval Signing Date Effectivity Date Closing
Original Revised Actual
26 Nov 2012 14 Dec 2012 14 Dec 2012 31 May 2014 15 Oct 2014 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
550,000.00 0.00 100,000.00 0.00 0.00 0.00 650,000.00 26 Nov 2012 595,592.23

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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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.

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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.