fbpx 41544-086: Second Investment Climate Improvement Program | Asian Development Bank

Kyrgyz Republic: Second Investment Climate Improvement Program

Sovereign (Public) Project | 41544-086 Status: Closed

The Project preparatory technical assistance (TA) will help (i) complete due diligence on areas proposed for support; (ii) identify key reforms including the adjustment costs in preparing, implementing, and monitoring the proposed reforms; and (iii) reach agreements on reform activities, outputs, and program outcome and impact.

 
Project Name Second Investment Climate Improvement Program
Project Number 41544-086
Country Kyrgyz Republic
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8721-KGZ: Second Investment Climate Improvement Program
Technical Assistance Special Fund US$ 600,000.00
TA 8721-KGZ: Second Investment Climate Improvement Program (Supplementary)
Technical Assistance Special Fund US$ 500,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Private sector development
Sector / Subsector

Finance / Central banking systems - Inclusive finance - Trade finance

Public sector management / Public expenditure and fiscal management

Gender Equity and Mainstreaming Effective gender mainstreaming
Description The Project preparatory technical assistance (TA) will help (i) complete due diligence on areas proposed for support; (ii) identify key reforms including the adjustment costs in preparing, implementing, and monitoring the proposed reforms; and (iii) reach agreements on reform activities, outputs, and program outcome and impact.
Project Rationale and Linkage to Country/Regional Strategy Progress has been made in improving the investment climate, but substantial work is needed to increase the role of the formal private sector in economic growth. Constraining factors include lack of transparency and corruption; weak institutional frameworks and capacity to implement reforms; lack of access to affordable and long-term finance, particularly for small and medium-sized enterprises (SMEs); deteriorating infrastructure; dwindling productive skills and skills mismatch with industry requirements; and weak coordination for investment promotion, and export product and market diversification. Project preparatory technical assistance (TA) is required to assist the government in designing and implementing reforms for financial deepening, access to finance, and trade and investment to increase the role of the formal private sector in the economic development of the Kyrgyz Republic.
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

Design of subprogram 3 underway; key stakeholders being consulted in the design of reforms/policy actions for subprogram 3

Key stakeholders being consulted in the design of reforms/policy actions for subprogram 3

Key stakeholders will be consulted in firming up the reforms/policy actions for subprogram 3.

Key stakeholders were consulted in firming up the reforms/policy actions for subprogram 2.

Key stakeholders were consulted during design of reforms/policy actions for subprogram 1 and indicative policy actions for subprograms 2 and 3.

Key stakeholders in the public and private sector will be consulted during project design (subprogram 1, 2, 3).

During Project Implementation

Key stakeholders in the public and private sector have been consulted during reforms implementation of subprogram 3; implementation of reforms is underway and expected to be completed by October 2017.

Key stakeholders in the public and private sector have been consulted during reforms implementation of subprogram 2, and will be consulted in the implementation of subprogram 3.

Key stakeholders in the public and private sector have been consulted during project (i.e., reforms) implementation of subprogram 1.

Key stakeholders in the public and private sector will be consulted during project (i.e., reforms) implementation.

Business Opportunities
Consulting Services

Consultant team recruited and Program Preparatory Technical Assistance (PPTA) underway (start - October 2014).

The TA will engage three international and five national consultants with investment and trade promotion, finance sector development, mobile services development, legal, and social expertise. PPP experts will be hired under a separate TA project (footnote 1). Given the diversity of expertise required, individual consultants are better suited than a firm. While working independently, the technical teams will coordinate as needed. All consultants will be recruited in accordance with ADB's Guidelines on the Use of Consultants (2013, as amended from time to time). Disbursements will be made in accordance with ADB's Technical Assistance Disbursement Handbook (2010, as amended from time to time). Procurement will be in accordance with ADB's Procurement Guidelines (2013, as amended from time to time).

15. The Ministry of Economy (MOE) will be the executing agency. The proposed implementing agencies are MOE, the Ministry of Finance, and NBKR. The Macroeconomic and Investment Policy Coordination Council will be the high-level steering committee overseeing program implementation. To ensure continuity and sustainability of reforms, the implementation arrangements are the same as for the first ICIP. The TA will be implemented from September 2014 to June 2015.

Procurement Not required
Responsible ADB Officer Sood, Priyanka
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
Timetable
Concept Clearance -
Fact Finding -
MRM -
Approval 23 Sep 2014
Last Review Mission -
Last PDS Update 25 Sep 2017

TA 8721-KGZ

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
23 Sep 2014 03 Oct 2014 03 Oct 2014 30 Jun 2015 30 Dec 2017 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,100,000.00 0.00 0.00 0.00 0.00 0.00 1,100,000.00 23 Sep 2014 712,252.37

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None currently available.

Evaluation Documents See also: Independent Evaluation

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Related Publications

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Tenders

No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.