fbpx 53161-001: Financial Markets Development Program (Subprogram 1) | Asian Development Bank

Uzbekistan: Financial Markets Development Program (Subprogram 1)

Sovereign (Public) Project | 53161-001 Status: Proposed

Project Details

Project Officer
Shah, Syed Ali-Mumtaz H. Central and West Asia Department Request for information
  • Uzbekistan
  • Finance
Project Name Financial Markets Development Program (Subprogram 1)
Project Number 53161-001
Country Uzbekistan
Project Status Proposed
Project Type / Modality of Assistance Loan
Technical Assistance
Source of Funding / Amount
Loan: Financial Markets Development Program (Subprogram 1)
concessional ordinary capital resources lending / Asian Development Fund US$ 100.00 million
TA: Financial Markets Development Program (Subprogram 1)
Technical Assistance Special Fund US$ 500,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Private sector development
Sector / Subsector

Finance / Finance sector development

Gender Equity and Mainstreaming Some gender elements
Project Rationale and Linkage to Country/Regional Strategy
Impact Well-functioning financial system that supports basic capital and investment needs and the country's long-term economic objectives.
Outcome Greater capacity and size of the financial markets.

The legal and regulatory structures for the development of the securities market have improved.

The supply and demand of securities have increased.

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
Business Opportunities
Consulting Services ADB will engage a consulting firm to implement the TA. It is estimated that 15 person-months of international and 3 person-months of national consultants' services will be required. The proposing entities may propose some adjustments with justification. Given the highly specialized expertise needed, the consulting firm will be engaged through quality and cost-based selection method using a standard quality cost ratio of 90:10. ADB will select the consulting firm based on a simplified technical proposal. The team of consultants will have expertise in capital markets, insurance and pensions development and facilitation across diverse technical facets (including institutional, legal and regulatory, infrastructure).
Responsible ADB Officer Shah, Syed Ali-Mumtaz H.
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies
Ministry of Finance
5 Mustaqiliik Square
Tashkent 100008
Republic of Uzbekistan
Concept Clearance 16 Jul 2019
Fact Finding 13 Apr 2020 to 07 May 2020
MRM 09 Jul 2021
Approval -
Last Review Mission -
Last PDS Update 13 May 2020

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Safeguard Documents See also: Safeguards

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Evaluation Documents See also: Independent Evaluation

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Related Publications

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Procurement Plan

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