The project will provide an ADDITIONAL loan to the Republic of Uzbekistan to channel through qualified participating financial institutions (PFI s) who will on-lend to horticulture-related farmers and businesses for fixed asset investments such as intensive orchards, cold storages, processing and packaging equipment. The project will address the critical constraint lack of long term resources in the Uzbekistan banking system. Since horticulture sector has high value produces, the project will contribute significantly to creating sustainable enterprises, increasing employment, and improving household income.
|Project Name||Horticulture Value Chain Development Project (Additional Financing)|
|Project Type / Modality of Assistance||Loan
|Source of Funding / Amount||
|Strategic Agendas||Environmentally sustainable growth
Inclusive economic growth
|Drivers of Change||Gender Equity and Mainstreaming
Governance and capacity development
Private sector development
|Sector / Subsector||
Agriculture, natural resources and rural development / Agricultural policy, institutional and capacity development - Agro-industry, marketing, and trade - Land-based natural resources management
Finance / Small and medium enterprise finance and leasing
|Gender Equity and Mainstreaming||Effective gender mainstreaming|
|Description||The project will provide an ADDITIONAL loan to the Republic of Uzbekistan to channel through qualified participating financial institutions (PFI s) who will on-lend to horticulture-related farmers and businesses for fixed asset investments such as intensive orchards, cold storages, processing and packaging equipment. The project will address the critical constraint lack of long term resources in the Uzbekistan banking system. Since horticulture sector has high value produces, the project will contribute significantly to creating sustainable enterprises, increasing employment, and improving household income. Key lessons learnt from previous and ongoing projects financed by ADB and development partners are taken into account in the project design: (i) there needs be a dedicated project management office, other than the Ministry of Finance, to monitor the PFIs lending activities and safeguards compliance; and (ii) terms and conditions of PFIs subloans must be business- and demand-based without any government interventions|
|Project Rationale and Linkage to Country/Regional Strategy||The project rationale remains the same as in Project Number 47305-002 (financed by Loan 3471-UZB). The additional financing to Loan 3471-UZB will address continued high demand for horticulture financing.|
|Impact||Contribution of horticulture sector to inclusive economic growth and rural employment improved (Presidential Decree UP-4707)|
|Description of Outcome||Production and marketing of horticultural products increased|
|Progress Toward Outcome|
|Description of Project Outputs||Finance to the horticulture sector increased|
|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|
|Responsible ADB Officer||Bui, Giap Minh|
|Responsible ADB Department||Central and West Asia Department|
|Responsible ADB Division||Environment, Natural Resources & Agriculture Division, CWRD|
Agency for Implementation of Projects in the Field of Agro-Industry and Food Security (UZAIFSA)
1A, Block "A", Lazbak Street,
Republic of Uzbekistan
|Fact Finding||03 Feb 2018 to 13 Feb 2018|
|MRM||21 Mar 2018|
|Approval||14 Jun 2018|
|Last Review Mission||-|
|Last PDS Update||26 Jan 2020|
|Approval||Signing Date||Effectivity Date||Closing|
|14 Jun 2018||05 Nov 2018||03 Dec 2018||30 Jun 2022||-||-|
|Financing Plan||Loan Utilization|
|Total (Amount in US$ million)||Date||ADB||Others||Net Percentage|
|Project Cost||326.00||Cumulative Contract Awards|
|ADB||198.00||14 Jun 2018||0.00||0.00||0%|
|Cofinancing||0.00||14 Jun 2018||187.50||0.00||95%|
|Status of Covenants|
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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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.
|Title||Document Type||Document Date|
|Horticulture Value Chain Development Project (Additional Financing): Environment and Social Management System Arrangements||Environment and Social Management System Arrangements||Feb 2018|
Evaluation Documents See also: Independent Evaluation
None currently available.
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ADB Strengthens Support for Uzbekistan's Horticulture Sector with $198 Million Additional FinancingADB's Board of Directors has approved $198 million in additional financing to scale up its support in enhancing horticulture value chain development in Uzbekistan.
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