ADB is helping Kazakhstan mitigate the negative impacts of the global economic crisis on its economy. The project will provide fiscal stimulus and finance part of the crisis mitigation measures. It will also monitor and assess macroeconomic and financial sector performances as well as implementation of the anti-crisis measures during the program period.
|Project Name||Kazakhstan Countercyclical Support Loan|
|Project Type / Modality of Assistance||Loan
|Source of Funding / Amount||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change|
|Sector / Subsector||
Public sector management - Economic affairs management - Public expenditure and fiscal management - Social protection initiatives
|Gender Equity and Mainstreaming||No gender elements|
|Description||To help Kazakhstan mitigate the impact of the global economic crisis.|
|Project Rationale and Linkage to Country/Regional Strategy|
|Impact||Impact of global financial crisis mitigated|
|Description of Outcome||Greater fiscal stimulus|
|Progress Toward Outcome|
|Description of Project Outputs||
1) Financial sector stabilization
2) Support the real estate market
3) Support SMEs
4) Development of agro-industrial sector
5) Implementation of innovation, industrial and infrastructure projects
Employment Generation Program
1) Investment on repair of local urban facilities, roads, social institutions, and rural facilities
2) Retraining program
3) Creation of social jobs
|Status of Implementation Progress (Outputs, Activities, and Issues)|
Summary of Environmental and Social Aspects
|Stakeholder Communication, Participation, and Consultation|
|During Project Design|
|During Project Implementation|
|Consulting Services||not required|
|Responsible ADB Officer||Tan, Jose Antonio R. III|
|Responsible ADB Department||Central and West Asia Department|
|Responsible ADB Division||Public Management, Financial Sector and Trade Division, CWRD|
Ministry of Finance
11, Pobeda Avenue
|Concept Clearance||05 Aug 2009|
|Fact Finding||06 Aug 2009 to 12 Aug 2009|
|MRM||24 Aug 2009|
|Approval||10 Sep 2009|
|Last Review Mission||-|
|Last PDS Update||01 Sep 2009|
|Approval||Signing Date||Effectivity Date||Closing|
|10 Sep 2009||14 Sep 2009||11 Nov 2009||31 Dec 2010||-||14 Dec 2009|
|Financing Plan||Loan Utilization|
|Total (Amount in US$ million)||Date||ADB||Others||Net Percentage|
|Project Cost||500.00||Cumulative Contract Awards|
|ADB||500.00||10 Sep 2009||500.00||0.00||100%|
|Cofinancing||0.00||10 Sep 2009||500.00||0.00||100%|
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.
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|Title||Document Type||Document Date|
|Loan Agreement for Countercyclical Support between Republic of Kazakhstan and Asian Development Bank dated 14 September 2009||Loan Agreement (Ordinary Resources)||Dec 2009|
|Kazakhstan Countercyclical Support Loan||Reports and Recommendations of the President||Sep 2009|
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.
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.
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