Kyrgyz Republic : Second Investment Climate Improvement Program
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.
Central and West Asia Department
Request for information
- Public sector management
|Project Name||Second Investment Climate Improvement Program|
|Country / Economy||Kyrgyz Republic
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Gender Equity and Mainstreaming
Governance and capacity development
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.|
|Description of Outcome|
|Progress Toward Outcome|
|Description of Project Outputs|
|Status of Implementation Progress (Outputs, Activities, and Issues)|
|Summary of Environmental and Social Aspects|
|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.
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.
|Responsible ADB Officer||Sood, Priyanka|
|Responsible ADB Department||Central and West Asia Department|
|Responsible ADB Division||Public Management, Financial Sector and Trade Division, CWRD|
Ministry of Economy
106, Chui Prospect, Bishkek, Kyrgyz Republic
|Approval||23 Sep 2014|
|Last Review Mission||-|
|Last PDS Update||25 Sep 2017|
|Approval||Signing Date||Effectivity Date||Closing|
|23 Sep 2014||03 Oct 2014||03 Oct 2014||30 Jun 2015||30 Dec 2017||13 Mar 2018|
|Financing Plan/TA Utilization||Cumulative Disbursements|
|1,100,000.00||0.00||0.00||0.00||0.00||0.00||1,100,000.00||17 Jun 2022||712,252.37|
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.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
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|Title||Document Type||Document Date|
|Инвестициялык климатты жакшыртуу программасынын 2-фазасы : Долбоор жөнүндө маалымат||Translated PDS||Mar 2015|
|Вторая программа улучшения инвестиционного климата : Информация о проекте||Translated PDS||Mar 2015|
|Second Investment Climate Improvement Program: Project Preparatory Technical Assistance Report||Technical Assistance Reports||Sep 2014|
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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Requests for information may also be directed to the InfoUnit.
- The Second Investment Climate Improvement Program has included help for the government in constructing the policy, legal, and financial framework needed to encourage, negotiate, and close agreements for sound PPPs.
None currently available.