Uzbekistan: Small and Medium-Sized Enterprises Development Program (Subprogram 1)

Sovereign Project | 42007-020

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
Project Status Active
Project Type / Modality of Assistance Loan
Technical Assistance
Source of Funding / Amount
Loan 4156-UZB: Small and Medium-Sized Enterprises Development Program (Subprogram 1)
Ordinary capital resources US$ 20.00 million
Loan 4157-UZB: Small and Medium-Sized Enterprises Development Program (Subprogram 1)
Concessional ordinary capital resources lending US$ 80.00 million
TA 6865-UZB: Support to Small and Medium-Sized Enterprises Development Program
Technical Assistance Special Fund US$ 250,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
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 / Small and medium enterprise development - Trade and services

Public sector management / Public expenditure and fiscal management

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
5 Mustaqiliik Square
Tashkent 100008
Republic of Uzbekistan
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 - -
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 20.00 Cumulative Contract Awards
ADB 20.00 17 Jun 2022 0.00 0.00 0%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 17 Jun 2022 0.00 0.00 0%

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 - -
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 80.00 Cumulative Contract Awards
ADB 80.00 17 Jun 2022 0.00 0.00 0%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 17 Jun 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 17 Jun 2022 5,572.30

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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Evaluation Documents See also: Independent Evaluation

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Related Publications

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Tenders

Tender Title Type Status Posting Date Deadline
International Financial Reporting Standards (IFRS) Specialist Individual - Consulting Closed 04 Mar 2022 13 Mar 2022
Small and Medium-sized Enterprises Digitalization Business Development Specialist Individual - Consulting Closed 04 Mar 2022 10 Mar 2022
Small and Medium-sized Enterprises (SME) Development Specialist (National) Individual - Consulting Closed 02 Mar 2022 14 Mar 2022
Small and Medium-sized Enterprises (SME) Development Specialist Individual - Consulting Closed 10 Feb 2022 16 Feb 2022

Contracts Awarded

No contracts awarded for this project were found


Procurement Plan

None currently available.