Uzbekistan: Economic Management Improvement Program, Phase 2 (Subprogram 1)

Sovereign Project | 51350-004

The proposed Economic Management Improvement Program, Phase 2 (EMIP II) supports transformation of Uzbekistan's state-dominated economy by strengthening fiscal management,

improving governance and operations of state-owned enterprises (SOEs), and enhancing public sector accountability. The program is aligned with the Asian Development Bank (ADB) country

partnership strategy for Uzbekistan, 2019-2023 and operational priorities of ADB's Strategy 2030 that are (i) strengthening governance, quality, and capacity of public institutions to undertake

policy reforms and promote private sector development; (ii) accelerating progress in gender equality; (iii) addressing remaining poverty and reducing inequalities; and (iv) tackling climate

change, building climate and disaster resilience, and enhancing environmental sustainability.

Project Details

  • Project Officer
    Akin, Cigdem
    Central and West Asia Department
    Request for information
  • Country/Economy
    Uzbekistan
  • Sector
    • Public sector management
Project Name Economic Management Improvement Program, Phase 2 (Subprogram 1)
Project Number 51350-004
Country / Economy Uzbekistan
Project Status Proposed
Project Type / Modality of Assistance Loan
Technical Assistance
Source of Funding / Amount
Loan: Economic Management Improvement Program, Phase 2 (Subprogram 1)
Ordinary capital resources US$ 150.00 million
TA: Supporting Economic Management Improvement Program, Phase 2
Technical Assistance Special Fund US$ 400,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Sector / Subsector

Public sector management / Public administration - Public expenditure and fiscal management - Reforms of state owned enterprises - Social protection initiatives

Gender Equity and Mainstreaming Effective gender mainstreaming
Description

The proposed Economic Management Improvement Program, Phase 2 (EMIP II) supports transformation of Uzbekistan's state-dominated economy by strengthening fiscal management,

improving governance and operations of state-owned enterprises (SOEs), and enhancing public sector accountability. The program is aligned with the Asian Development Bank (ADB) country

partnership strategy for Uzbekistan, 2019-2023 and operational priorities of ADB's Strategy 2030 that are (i) strengthening governance, quality, and capacity of public institutions to undertake

policy reforms and promote private sector development; (ii) accelerating progress in gender equality; (iii) addressing remaining poverty and reducing inequalities; and (iv) tackling climate

change, building climate and disaster resilience, and enhancing environmental sustainability.

The program is designed under a policy-based lending modality with two subprograms. While subprogram 1 focuses on improving the legal, regulatory, and institutional framework, subprogram 2 supports measures for effective and transparent fiscal management; SOE transformation, including strengthening of the competitive environment; and improving anticorruption and audit systems. The programmatic approach allows for comprehensive policy dialogue and flexibility in implementing logically sequenced structural reforms in a multiyear framework. The attached technical assistance (TA) of $250,000 supports the implementation.

Project Rationale and Linkage to Country/Regional Strategy Since independence in 1991, Uzbekistan has pursued an import substitution model under a state-dominated economy, driven by commodity exports. Since 2017, Uzbekistan has undertaken structural reforms to facilitate transition towards a market-based economy under its National Development Strategy, 2017-2021 and Roadmap of Reforms, 2019-2021. A set of fundamental macroeconomic and public financial management reforms have been undertaken with support from development partners, including ADB's Economic Management Improvement Program (EMIP). Uzbekistan has maintained sound macroeconomic policies with low risk of debt stress and ample foreign exchange reserves, achieving average gross domestic product (GDP) growth of 6.8% during 2010-2019. Amid the coronavirus disease (COVID-19) pandemic, Uzbekistan had a GDP growth rate of 1.9% in 2020 and 7.4% in 2021 with effective countercyclical response. However, long-standing development constraints prevail.
Impact
Outcome
Outputs
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 Akin, Cigdem
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 25 Apr 2022
Fact Finding 21 Apr 2022 to 03 Jun 2022
MRM 01 Sep 2022
Approval -
Last Review Mission -
Last PDS Update 26 Apr 2022

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