Uzbekistan: Small Business Finance Project

Sovereign Project | 42007-017 Status: Closed

Summary

A small-scale project preparatory technical assistance (S-PPTA) will help develop project design for the ensuing financial intermediary loan to the Republic of Uzbekistan for the Small Business Finance Project (project).

Latest Project Documents


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 Public Communications Policy (PCP) 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.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

 
Project Name Small Business Finance Project
Project Number 42007-017
Country Uzbekistan
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8986-UZB: Second Small Business and Entrepreneurship Development
Technical Assistance Special Fund US$ 225,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Finance - Finance sector development

Gender Equity and Mainstreaming Effective gender mainstreaming
Description A small-scale project preparatory technical assistance (S-PPTA) will help develop project design for the ensuing financial intermediary loan to the Republic of Uzbekistan for the Small Business Finance Project (project).
Project Rationale and Linkage to Country/Regional Strategy Small businesses need longer-term funds to expand their production capacity and import modern equipment for their businesses. Financial institutions in Uzbekistan do not have sufficient long-term funds to make long-term loans without creating a maturity mismatch. The proposed Small Business Finance Project will (i) provide participating financial institutions (PFIs), i.e., commercial banks and leasing companies, with longer term funds for onlending to rural and women's small businesses; (ii) provide capacity building technical assistance to PFIs to improve their risk management and increase the number of loan products they offer; and (iii) provide training to small businesses to improve their capacity to borrow. In addition, the project will provide assistance to the government to improve the enabling environment for small business development and access to finance.
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 The fact-finding mission was held on 22 February-4 March 2016. The mission held extensive consultations with small businesses, NGOs, government agencies, private sector and development partners have been held on improving access to finance by rural and women's small businesses. On 25 February, over 70 participants from the Women's Committee, heads of regional offices of Trade and Commerce Chamber, Business Women's Association, participating commercial banks discussed the ways to improve access to finance for women-entrepreneurs, and economic gains of gender mainstreaming into financial sector. On 29 February, the mission conducted a round table with representatives of various government agencies and development partners to discuss the Government's reforms on Secured Transactions Regime. The discussions produced useful recommendations to project design. A brain storming sessions was held with the participating financial institutions to discuss the project specific issues.
During Project Implementation

Business Opportunities

Consulting Services MSE Finance and Integrity Experts have been engaged to conduct financial and integrity due diligence of the shortlisted financial institutions.
Procurement xxx

Responsible Staff

Responsible ADB Officer Mukhamedyarova, Aliya
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies
Ministry of Finance
5 Mustaqiliik Square
Tashkent 100008
Republic of Uzbekistan

Timetable

Concept Clearance -
Fact Finding -
MRM -
Approval 05 Nov 2015
Last Review Mission -
Last PDS Update 30 Mar 2016

TA 8986-UZB

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
05 Nov 2015 - 05 Nov 2015 31 Aug 2016 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
225,000.00 0.00 0.00 0.00 0.00 0.00 225,000.00 05 Nov 2015 162,891.17

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

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.

Requests for information may also be directed to the InfoUnit.