Kyrgyz Republic : Building Resilience with Active Countercyclical Expenditures Program

Sovereign Project | 56150-001

The BRACE Program will help support government priorities to help poor and vulnerable groups, promote food security and price stability, and support employment and businesses affected to contain the effects of the Russian invasion of Ukraine that is compounding significant adverse social and economic impacts from the COVID-19 pandemic. The expected impact of the program is inclusive economic growth sustained and income inequality reduced. The outcome of the program is impact of exogenous shocks effectively managed and immediate adverse socioeconomic effects reduced. The program outputs are (i) measures to support food security and price stability strengthened, (ii) measures to support social protection and safety net programs of the government implemented, and (iii) measures to support employment through small and medium-sized businesses implemented. The program is aligned with all seven operational priorities of Strategy 2030 of the Asian Development Bank (ADB).

Project Details

  • Project Officer
    Gafurov, Bobir Baisovich
    Sectors Group
    Request for information
  • Country/Economy
    Kyrgyz Republic
  • Sector
    • Public sector management
Project Name
Building Resilience with Active Countercyclical Expenditures Program
Project Number
56150-001
Country / Economy
  • Kyrgyz Republic
Project Status
Active
Project Type / Modality of Assistance
  • Grant
  • Loan
  • Technical Assistance
Source of Funding / Amount
Grant 0860-KGZ: Building Resilience with Active Countercyclical Expenditures Program
Source Amount
Asian Development Fund US$ 25.00 million
Loan 4241-KGZ: Building Resilience with Active Countercyclical Expenditures Program
Source Amount
Concessional ordinary capital resources lending US$ 25.00 million
TA 6984-KGZ: Supporting the Building Resilience with Active Countercyclical Expenditures Program
Source Amount
Technical Assistance Special Fund US$ 400,000.00
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
  • OP4: Making cities more livable
  • OP5: Promoting rural development and food security
  • OP6: Strengthening governance and institutional capacity
  • OP7: Fostering regional cooperation and integration
Sector / Subsector
  • Public sector management / Public expenditure and fiscal management - Social protection initiatives

Gender
Effective gender mainstreaming
Description
The BRACE Program will help support government priorities to help poor and vulnerable groups, promote food security and price stability, and support employment and businesses affected to contain the effects of the Russian invasion of Ukraine that is compounding significant adverse social and economic impacts from the COVID-19 pandemic. The expected impact of the program is inclusive economic growth sustained and income inequality reduced. The outcome of the program is impact of exogenous shocks effectively managed and immediate adverse socioeconomic effects reduced. The program outputs are (i) measures to support food security and price stability strengthened, (ii) measures to support social protection and safety net programs of the government implemented, and (iii) measures to support employment through small and medium-sized businesses implemented. The program is aligned with all seven operational priorities of Strategy 2030 of the Asian Development Bank (ADB).
Project Rationale and Linkage to Country/Regional Strategy
The exogenous shock triggered by the Russian invasion of Ukraine has further driven up prices for food and fuel, resulting in fluctuation of remittances inflows and affecting trade. It is impacting sectors that the poor are most dependent on (trade and migration) and hurting the poor through high inflation when Kyrgyz Republic has limited fiscal space to support the vulnerable population. 12-month price indices for key food items like bread and cereals reached 120.2% in April 2022, while for oils and fats, they increased to 118.7%. This puts the well-being of the population and economic recovery at risk in 2022 and beyond. The government adopted several resolutions in 2022 aimed at addressing the negative impact of the shock on the poor and vulnerable. The countercyclical development expenditure program comprises measures across three support areas: (i) support for food security and price stability; (ii) support for social protection and safety net programs; and (iii) support of employment and small and medium-sized enterprises. The government has requested (i) a concessional loan of $25,000,000 from ADB's ordinary capital resources, in concessional terms, and (ii) a grant not exceeding $25,000,000 from ADB's Special Funds resources (Asian Development Fund) to help finance the program.
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
No environmental impact is expected.
Involuntary Resettlement
No involuntary land acquisition and resettlement is expected.
Indigenous Peoples
No adverse impacts on indigenous peoples is expected.

Stakeholder Communication, Participation, and Consultation

During Project Design
Stakeholders, including (i) Ministry of Finance, (ii) Ministry of Economy and Commerce, (iii) Ministry of Agriculture, (iv) Ministry of Education and Science, (v) Ministry of Labor, Social Protection, and Migration, and (vi) other key development partners were consulted to identify the impacts of the COVID-19 pandemic and the Russian invasion of Ukraine and align ADB's assistance with government's needs and the support by development partners.
During Project Implementation
Stakeholders and civil society will be consulted through the TA during program implementation.

Contact

Responsible ADB Officer
Gafurov, Bobir Baisovich
Responsible ADB Department
Sectors Group
Responsible ADB Division
Public Sector Management and Governance Sector Office (SG-PSMG)
Executing Agencies
Ministry of Finance

Timetable

Concept Clearance
17 Mar 2024
Fact Finding
16 May 2022 to 25 May 2022
MRM
25 Aug 2022
Approval
31 Oct 2022
Last Review Mission
-
Last PDS Update
03 Nov 2022

Funding

Grant 0860-KGZ

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
31 Oct 2022 11 Nov 2022 21 Dec 2022 31 Mar 2023 - 31 Mar 2023
Financing Plan
  Total (Amount in US$ million)
Project Cost 25.00
ADB 25.00
Counterpart 0.00
Cofinancing 0.00
Grant Utilization
  Date ADB Others Net Percentage
Cumulative Contract Awards 06 Jun 2024 0.00 0.00 0%
Cumulative Disbursements 06 Jun 2024 25.00 0.00 100%

Loan 4241-KGZ

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
31 Oct 2022 11 Nov 2022 21 Dec 2022 31 Mar 2023 - 31 Mar 2023
Financing Plan
  Total (Amount in US$ million)
Project Cost 25.00
ADB 25.00
Counterpart 0.00
Cofinancing 0.00
Loan Utilization
  Date ADB Others Net Percentage
Cumulative Contract Awards 06 Jun 2024 25.00 0.00 100%
Cumulative Disbursements 06 Jun 2024 25.00 0.00 100%

TA 6984-KGZ

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
31 Oct 2022 02 Dec 2022 02 Dec 2022 30 Sep 2025 - -
Financing Plan/TA Utilization
ADB Cofinancing Counterpart Total
Gov Beneficiaries Project Sponsor Others
400,000.00 0.00 0.00 0.00 0.00 0.00 400,000.00
Cumulative Disbursements
Date Amount
06 Jun 2024 166,178.67

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.

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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.

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Tenders

Tender Title Type Status Posting Date Deadline
Program Monitoring and Evaluation Specialist Individual - Consulting Closed
Gender Specialist Individual - Consulting Closed
Communication Specialist Individual - Consulting Closed
Program Monitoring and Evaluation Specialist Individual - Consulting Closed
Program Monitoring and Evaluation Specialist Individual - Consulting Closed
Program Monitoring and Evaluation Specialist (Lead) Individual - Consulting Closed
TA KGZ: Supporting the Building Resilience with Active Countercyclical Expenditures Program – Program Management Team Firm - Consulting Closed

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.