Kazakhstan: Kazakhstan Countercyclical Support Loan

Sovereign Project | 43330-013 Status: Closed


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.

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Project Name Kazakhstan Countercyclical Support Loan
Project Number 43330-013
Country Kazakhstan
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2543-KAZ: Kazakhstan Countercyclical Support Loan
Ordinary capital resources US$ 500.00 million
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

Project Outcome

Description of Outcome Greater fiscal stimulus
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Anti-crisis plan:

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

4) Internships

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Kazakhstan

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

Business Opportunities

Consulting Services not required
Procurement not required

Responsible Staff

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
Executing Agencies
Ministry of Finance
Berik Sholpankulov
11, Pobeda Avenue
Astana 010000


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

Loan 2543-KAZ

Approval Signing Date Effectivity Date Closing
Original Revised Actual
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%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 10 Sep 2009 500.00 0.00 100%

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

Title Document Type Document Date
Kazakhstan: Countercylical Support Loan Validations of Project Completion Reports Dec 2012

Related Publications

None currently available.

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