Kazakhstan : Business Plan Preparation for the Agriculture Commodity Exchange
The proposed TA will undertake a feasibility study to further define the establishment of an international commodity exchange within the AIFC's legal jurisdiction. It will focus on research for exchange business product opportunities, support infrastructure requirements, and regulatory aspects. The TA will support the government and ADB on the nature of an ensuing potential investment.
Project Details
-
Project Officer
Leitner, Matthias
Central and West Asia Department
Request for information -
Country/Economy
Kazakhstan -
Sector
- Agriculture, natural resources and rural development
| Project Name | Business Plan Preparation for the Agriculture Commodity Exchange | ||||||||
| Project Number | 54444-001 | ||||||||
| Country / Economy | Kazakhstan |
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| Project Status | Closed | ||||||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Operational Priorities | OP1: Addressing remaining poverty and reducing inequalities OP5: Promoting rural development and food security OP6: Strengthening governance and institutional capacity OP7: Fostering regional cooperation and integration |
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| Sector / Subsector | Agriculture, natural resources and rural development / Agricultural policy, institutional and capacity development |
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| Gender | No gender elements | ||||||||
| Description | The proposed TA will undertake a feasibility study to further define the establishment of an international commodity exchange within the AIFC's legal jurisdiction. It will focus on research for exchange business product opportunities, support infrastructure requirements, and regulatory aspects. The TA will support the government and ADB on the nature of an ensuing potential investment. | ||||||||
| Project Rationale and Linkage to Country/Regional Strategy | Kazakhstan is a net importer of agriculture commodities despite being one of the world's largest wheat exporters. Over 60% of agriculture exports are in primary commodities for processing and more than 60% of agriculture imports are in processed commodities. The grain sector remains challenged by production inefficiencies, low yields, limited access to financial resources, and outdated infrastructure. A non-competitive market structure, such as asymmetries in grain price, results in further distortions. A commodity exchange provides an opportunity to develop efficient marketing and trading systems by providing efficient end-to-end service for commodity warehousing, quality control, trading, clearing, and market data dissemination. |
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| Impact | Competitiveness of agro-industrial products increased. |
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| Project Outcome | |
|---|---|
| Description of Outcome | Business plan for development of the Commodity Exchange under AIFC developed. |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | Legislative and regulatory recommendations developed Business plan preparation assessments developed |
| 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 | |
| Responsible ADB Officer | Leitner, Matthias |
| Responsible ADB Department | Central and West Asia Department |
| Responsible ADB Division | Environment, Natural Resources & Agriculture Division, CWRD |
| Executing Agencies |
Astana International Finance Centre |
| Timetable | |
|---|---|
| Concept Clearance | - |
| Fact Finding | 12 Nov 2020 to 12 Nov 2020 |
| MRM | - |
| Approval | 28 Dec 2020 |
| Last Review Mission | - |
| Last PDS Update | 28 Dec 2020 |
TA 6706-KAZ
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 28 Dec 2020 | - | 28 Dec 2020 | 30 Sep 2021 | 30 Sep 2022 | 15 Dec 2022 |
| 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 | 17 May 2023 | 314,590.32 |
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 |
|---|---|---|
| Business Plan Preparation for the Agriculture Commodity Exchange: Technical Assistance Completion Report | TA Completion Reports | May 2023 |
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 |
|---|---|---|---|---|
| Consulting Firm for Strategy, and Enabling Environment Assessments | Firm - Consulting | Closed | ||
| Legal specialist with commodity trade specialization | Individual - Consulting | Closed |
Contracts Awarded
| Contract Title | Approval Number | Contract Date | Contractor | Address | Executing Agency | Total Contract Amount (US$) | Contract Amount Financed by ADB (US$) |
|---|---|---|---|---|---|---|
| Policy and Advisory | Technical Assistance 6706 | 20 Apr 2021 | Contango Markets Limited (UNITED KINGDOM) | The Officer's Mess, Coldstream Road Caterham, Surrey CR3 5QX United Kingdom | Astana International Finance Centre | 119,000.00 | — |
Procurement Plan
None currently available.