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Kyrgyz Republic: Preparing the Promoting Economic Diversification Program

Sovereign (Public) Project | 52225-002 Status: Active

The proposed knowledge and support technical assistance (TA) will support the Government of Kyrgyz Republic to implement reforms that help create more diversified economic opportunities and a greater role for the private sector in the country's economic development.

The proposed TA will build on previous support provided by the Asian Development Bank (ADB) for improving the investment climate in the Kyrgyz Republic . The TA is closely aligned with the country partnership strategy and is included in the country operations and business plan, 2018 2020 for Kyrgyz Republic. The outputs of the TA will complement the proposed policy based loan/grant.

Project Details

Project Officer
Miyaki, Yuji Central and West Asia Department Request for information
Country
  • Kyrgyz Republic
Sector
  • Finance
 
Project Name Preparing the Promoting Economic Diversification Program
Project Number 52225-002
Country Kyrgyz Republic
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9627-KGZ: Promoting Economic Diversification Program
Technical Assistance Special Fund US$ 500,000.00
TA 9627-KGZ: Preparing the Promoting Economic Diversification Program (Supplementary)
Technical Assistance Special Fund US$ 500,000.00
TA 9627-KGZ: Preparing the Promoting Economic Diversification Program
Technical Assistance Special Fund US$ 100,000.00
TA 9627-KGZ: Preparing the Promoting Economic Diversification Program
Financial Sector Development Partnership Special Fund US$ 400,000.00
TA 9627-KGZ: Preparing the Promoting Economic Diversification Program
Technical Assistance Special Fund US$ 200,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Regional integration
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Private sector development
Sector / Subsector

Finance / Finance sector development

Industry and trade / Small and medium enterprise development

Public sector management / Public expenditure and fiscal management

Gender Equity and Mainstreaming Effective gender mainstreaming
Description

The proposed knowledge and support technical assistance (TA) will support the Government of Kyrgyz Republic to implement reforms that help create more diversified economic opportunities and a greater role for the private sector in the country's economic development.

The proposed TA will build on previous support provided by the Asian Development Bank (ADB) for improving the investment climate in the Kyrgyz Republic . The TA is closely aligned with the country partnership strategy and is included in the country operations and business plan, 2018 2020 for Kyrgyz Republic. The outputs of the TA will complement the proposed policy based loan/grant.

Project Rationale and Linkage to Country/Regional Strategy

Growth in 2017 was driven by a high base effect in the first half of the year and reached 4.5 per cent for the year as a whole. Remittances from Russia to the Kyrgyz Republic increased by 27% in US dollar terms. Exports also performed strongly, rising 13.8 per cent in 2017 in total and 27% to the Eurasian Economic Union. Inflation subsided to 2.7% year-on-year in March 2018, well below the target range of 5-7 per cent. Despite significant expenditure growth, stronger revenues allowed narrowing of the fiscal deficit to 3.3% of GDP in 2017 from 4.6% in 2016. The economy is expected to grow at 3.7% in 2018 and at 4% in 2019.

Opportunities for economic growth are objectively hindered due to limited economic diversification and private sector contribution. Progress has been made in improving the investment climate under the ADB's previous support programs/projects, but further work is needed to increase the competitiveness and participation of private sectors in global market for the country's economic development. Constraining factors include inadequate access to financial services, deterring infrastructure, dwindling productive skills and skills mismatch with industry requirement, and insufficient national quality infrastructure to trade business.

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
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 ADB will engage individual consultants to implement the TA. It is estimated that 12 person-months of international and 13 person-months of national consultants' services will be required. The multi-disciplinary team of consultants will have expertise in trade and investment advisory, financial sector development, SME development, public financial management, education and vocational training, economics, law, financial management, infrastructure development including project finance and social and environment safeguards for infrastructure projects. Where necessary, technical resource persons will be recruited as individual consultants. ADB will select and engage consultants following the ADB Procurement Policy and Regulations (2017, as amended from time to time)
Responsible ADB Officer Miyaki, Yuji
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines
Ministry of Economy
106, Chui Prospect, Bishkek, Kyrgyz Republic
Timetable
Concept Clearance -
Fact Finding -
MRM -
Approval 02 Nov 2018
Last Review Mission -
Last PDS Update 05 Oct 2018

TA 9627-KGZ

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
02 Nov 2018 28 Nov 2018 28 Nov 2018 30 Nov 2019 31 Dec 2022 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,700,000.00 0.00 50,000.00 0.00 0.00 0.00 1,750,000.00 02 Nov 2018 767,152.40

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.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

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

None currently available.


The Access to Information Policy (AIP) 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.

Requests for information may also be directed to the InfoUnit.

Tenders

Tender Title Type Status Posting Date Deadline
International Trade and Social Protection Specialist Individual - Consulting Closed 16 Dec 2020 22 Dec 2020
National Financial Management Specialist Individual - Consulting Closed 12 Aug 2020 18 Aug 2020
National Monitoring and Evaluation Specialist Individual - Consulting Closed 25 Jun 2020 08 Jul 2020
National Social Protection Specialist Individual - Consulting Closed 25 Jun 2020 15 Jul 2020
PPP Legal Specialist (National) Individual - Consulting Closed 04 May 2019 10 May 2019
Coordination Specialist/Co-team leader Individual - Consulting Closed 06 Feb 2019 12 Feb 2019
Small and Medium Enterprises Development Specialist Individual - Consulting Closed 01 Nov 2018 07 Nov 2018
Public-Private Partnership Specialist Individual - Consulting Closed 01 Nov 2018 07 Nov 2018
Skills Development Specialist Individual - Consulting Closed 26 Oct 2018 08 Nov 2018
Investment and Trade Reforms Implementation Specialist Individual - Consulting Closed 26 Oct 2018 08 Nov 2018
Skills Development Specialist Individual - Consulting Closed 26 Oct 2018 08 Nov 2018
SME Development Specialist Individual - Consulting Closed 26 Oct 2018 08 Nov 2018
Social Safeguards and Gender Specialist Individual - Consulting Closed 26 Oct 2018 08 Nov 2018
PPP Specialist Individual - Consulting Closed 26 Oct 2018 08 Nov 2018
International Investment and Trade Specialist Individual - Consulting Closed 26 Oct 2018 08 Nov 2018

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.