Uzbekistan : Economic Management Improvement Program, Phase 2 (Subprogram 1)
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
Sectors Group
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 |
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| Project Status | Active | ||||||||
| Project Type / Modality of Assistance | Loan Technical Assistance |
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| Source of Funding / Amount |
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| Operational Priorities | OP1: Addressing remaining poverty and reducing inequalities OP2: Accelerating progress in gender equality OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability OP6: Strengthening governance and institutional capacity |
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| Sector / Subsector | Public sector management / Public administration - Public expenditure and fiscal management - Reforms of state owned enterprises - Social protection initiatives |
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| Gender | 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. |
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| 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 | |||||||||
| 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 | Akin, Cigdem |
| Responsible ADB Department | Sectors Group |
| Responsible ADB Division | Public Sector Management and Governance Sector Office (SG-PSMG) |
| Executing Agencies |
Ministry of Economy and Finance |
| Timetable | |
|---|---|
| Concept Clearance | 25 Apr 2022 |
| Fact Finding | 21 Apr 2022 to 03 Jun 2022 |
| MRM | 01 Sep 2022 |
| Approval | 09 Feb 2023 |
| Last Review Mission | - |
| Last PDS Update | 09 Feb 2023 |
Loan 4292-UZB
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 09 Feb 2023 | 28 Feb 2023 | 08 Mar 2023 | 31 Mar 2023 | - | 31 Mar 2023 |
| Financing Plan | Loan Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 150.00 | Cumulative Contract Awards | |||
| ADB | 150.00 | 09 Sep 2023 | 150.00 | 0.00 | 100% |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 0.00 | 09 Sep 2023 | 150.00 | 0.00 | 100% |
TA 10092-UZB
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 09 Feb 2023 | 04 Mar 2023 | 04 Mar 2023 | 31 Dec 2024 | - | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 400,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 400,000.00 | 09 Sep 2023 | 4,926.50 |
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 Access to Information Policy (AIP) 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 (Ordinary Operations) for Loan 4292-UZB: Economic Management Improvement Program, Phase 2 (Subprogram 1) | Loan Agreement (Ordinary Resources) | Feb 2023 |
| Economic Management Improvement Program, Phase 2 (Subprogram 1): Report and Recommendation of the President | Reports and Recommendations of the President | Jan 2023 |
| Supporting Economic Management Improvement Program, Phase 2: Technical Assistance Report | Technical Assistance Reports | Jan 2023 |
| Economic Management Improvement Program, Phase 2 (Subprogram 1): Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Apr 2022 |
| Economic Management Improvement Program, Phase 2 (Subprogram 1): Concept Paper | Concept Papers | Apr 2022 |
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.
Related Publications
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Requests for information may also be directed to the InfoUnit.
ADB Approves $150 Million Loan to Improve Economic Management in Uzbekistan
ADB has approved a $150 million policy-based loan and a $400,000 grant to improve economic management in Uzbekistan.
Tenders
Contracts Awarded
Procurement Plan
None currently available.