Economic Management Improvement Program (Subprogram 1): Report and Recommendation of the President

The proposed programmatic approach aims to strengthen economic management in Uzbekistan and thus support macroeconomic stability and sustained high growth. The program will (i) introduce important fiscal reforms to ensure fiscal sustainability; (ii) improve governance in state-owned enterprises (SOEs) to make their operations financially viable; (iii) improve access to bank finance by strengthening bank supervision to facilitate competitive financing of private sector operations, especially small and medium-sized enterprises; and (iv) strengthen economic data collection, analysis, management, and dissemination systems to bolster economic decision-making. Programmatic budget support will finance two subprograms, each designated as a fully front-loaded single-tranche intervention to be implemented during 2018–2019. The attached technical assistance will assist in implementing the program.

The report and recommendation of the President to the Board of Directors (RRP) document describes the terms and conditions of a project for consideration and approval by ADB's Board of Directors.

This document dated May 2018 is provided for the ADB project 51350-001 in Uzbekistan.