Uzbekistan : Small and Medium-Sized Enterprises Development Program (Subprogram 1)
The proposed program will improve the enabling environment for small and medium-sized enterprises (SMEs), increasing their resilience to future economic shocks and allowing them to become drivers of private sector-led, diversified economic growth with high-value-added job creation. The program is a systematic next step in the support of the Asian Development Bank (ADB) for SMEs in Uzbekistan, which commenced in 1996 and has focused primarily on access to finance and improving the financial and technical capacity of participating financial institutions to better serve micro and small enterprises. Cross-sector reforms under the program-comprising simplifying and streamlining the regulatory, policy, and institutional framework, diversifying formal financial instruments, easing barriers to trade and competitiveness, increasing digitalization, and aligning skills development with market needs-are aimed at creating a more cost-effective and efficient operating and commercial environment for SMEs.
Project Details
-
Project Officer
Sood, Priyanka
Central and West Asia Department
Request for information -
Country/Economy
Uzbekistan -
Sector
- Industry and trade
| Project Name | Small and Medium-Sized Enterprises Development Program (Subprogram 1) | ||||||||||||
| Project Number | 42007-020 | ||||||||||||
| Country / Economy | Uzbekistan |
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| Project Status | Active | ||||||||||||
| Project Type / Modality of Assistance | Loan Technical Assistance |
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| Source of Funding / Amount |
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| Operational Priorities | OP1: Addressing remaining poverty and reducing inequalities OP2: Accelerating progress in gender equality OP6: Strengthening governance and institutional capacity |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Private sector development |
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| 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 / Small and medium enterprise development - Trade and services Public sector management / Public expenditure and fiscal management |
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| Gender Equity and Mainstreaming | Effective gender mainstreaming | ||||||||||||
| Description | The proposed program will improve the enabling environment for small and medium-sized enterprises (SMEs), increasing their resilience to future economic shocks and allowing them to become drivers of private sector-led, diversified economic growth with high-value-added job creation. The program is a systematic next step in the support of the Asian Development Bank (ADB) for SMEs in Uzbekistan, which commenced in 1996 and has focused primarily on access to finance and improving the financial and technical capacity of participating financial institutions to better serve micro and small enterprises. Cross-sector reforms under the program-comprising simplifying and streamlining the regulatory, policy, and institutional framework, diversifying formal financial instruments, easing barriers to trade and competitiveness, increasing digitalization, and aligning skills development with market needs-are aimed at creating a more cost-effective and efficient operating and commercial environment for SMEs. In parallel with countercyclical measures to combat the economic impact of the coronavirus disease (COVID-19), key structural reforms have continued with a prudent overall macroeconomic stance. The program is included in ADB's country operations business plan for Uzbekistan, 2021-2023 and is aligned with relevant ADB strategies and programs including Strategy 2030. | ||||||||||||
| Project Rationale and Linkage to Country/Regional Strategy | The Government of Uzbekistan is accelerating its transition toward a market economy with the adoption of the National Action Strategy on Five Priority Development Areas (Strategy 2017-2021) and follow-on Roadmap of Reforms. The contribution of SMEs to Uzbekistan's gross domestic product (GDP) growth and formal and informal employment has been substantial. The government is keen to build on these gains and make SMEs even more integral to its policy objectives of diversifying the economy, creating value-added employment, reducing the informal economy, and creating effective links with regional and global value chains. Pillar 3.4 of Strategy 2017-2021 is focused on institutional and structural reforms to reduce the state's presence in the economy and create a favorable environment for small businesses and private entrepreneurship. | ||||||||||||
| 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 | Nation-wide |
| 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 | |
| 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 Finance |
| Timetable | |
|---|---|
| Concept Clearance | 10 May 2021 |
| Fact Finding | 06 May 2021 to 07 May 2021 |
| MRM | 14 Jul 2021 |
| Approval | 09 Dec 2021 |
| Last Review Mission | - |
| Last PDS Update | 09 Dec 2021 |
Loan 4156-UZB
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 09 Dec 2021 | 20 Dec 2021 | 05 Apr 2022 | 30 Jun 2022 | - | 30 Jun 2022 |
| Financing Plan | Loan Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 20.00 | Cumulative Contract Awards | |||
| ADB | 20.00 | 04 Jul 2022 | 19.71 | 0.00 | 100% |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 0.00 | 04 Jul 2022 | 19.71 | 0.00 | 100% |
Loan 4157-UZB
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 09 Dec 2021 | 20 Dec 2021 | 05 Apr 2022 | 30 Jun 2022 | - | 30 Jun 2022 |
| Financing Plan | Loan Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 80.00 | Cumulative Contract Awards | |||
| ADB | 80.00 | 04 Jul 2022 | 80.00 | 0.00 | 100% |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 0.00 | 04 Jul 2022 | 80.00 | 0.00 | 100% |
TA 6865-UZB
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 09 Dec 2021 | 31 Dec 2021 | 31 Dec 2021 | 31 Dec 2023 | - | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 250,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 250,000.00 | 04 Jul 2022 | 58,273.70 |
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 |
|---|---|---|
| Loan Agreement (Ordinary Operations) for Loan 4156-UZB: Small and Medium-Sized Enterprises Development Program (Subprogram 1) | Loan Agreement (Ordinary Resources) | Dec 2021 |
| Loan Agreement (Ordinary Operations [Concessional]) for Loan 4157-UZB: Small and Medium-Sized Enterprises Development Program (Subprogram 1) | Loan Agreement (Ordinary Resources) | Dec 2021 |
| Support to Small and Medium-Sized Enterprises Development Program: Technical Assistance Report | Technical Assistance Reports | Nov 2021 |
| Small and Medium-Sized Enterprises Development Program (Subprogram 1): Report and Recommendation of the President | Reports and Recommendations of the President | Nov 2021 |
| Small and Medium-Sized Enterprises Development Program (Subprogram 1): Concept Paper | Concept Papers | May 2021 |
| Small and Medium-Sized Enterprises Development Program (Subprogram 1): Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | May 2021 |
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 Access to Information Policy (AIP) 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.
$100 Million ADB Loan to Promote Small and Medium Enterprises’ Development in Uzbekistan
The Asian Development Bank today approved a $100 million policy-based loan to help Uzbekistan undertake reforms to improve the enabling environment for small and medium-sized enterprises in the country.
Tenders
| Tender Title | Type | Status | Posting Date | Deadline |
|---|---|---|---|---|
| International Financial Reporting Standards (IFRS) Specialist | Individual - Consulting | Closed | ||
| Small and Medium-sized Enterprises Digitalization Business Development Specialist | Individual - Consulting | Closed | ||
| Small and Medium-sized Enterprises (SME) Development Specialist (National) | Individual - Consulting | Closed | ||
| Small and Medium-sized Enterprises (SME) Development Specialist | Individual - Consulting | Closed |
Contracts Awarded
Procurement Plan
None currently available.