Uzbekistan : Small and Medium-Sized Enterprises Development Program (Subprogram 2)

Sovereign Project | 42007-021

Project Details

  • Project Officer
    Sood, Priyanka
    Sectors Group
    Request for information
  • Country/Economy
    Uzbekistan
  • Sector
    • Industry and trade

Related Projects

Project Name Small and Medium-Sized Enterprises Development Program (Subprogram 2)
Project Number 42007-021
Country / Economy Uzbekistan
Project Status Active
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 4415-UZB: Small and Medium-Sized Enterprises Development Program (Subprogram 2)
Ordinary capital resources US$ 100.00 million
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
OP6: Strengthening governance and institutional capacity
Sector / Subsector

Education / Technical and vocational education and training

Finance / Finance sector development - Inclusive finance - Small and medium enterprise finance and leasing

Industry and trade / Small and medium enterprise development - Trade and services
Gender Effective gender mainstreaming
Description
Project Rationale and Linkage to Country/Regional Strategy The program is aligned with Uzbekistan's development objective of increased employment. The expected outcome is that the enabling environment for SMEs' growth, diversification, and high-value-added job creation has been improved. The reforms and the outcome are logically linked. For subprogram 2 specifically, in reform area 1, diversifying financing sources and instruments will better support the varied needs of more than 185,041 finance-constrained SMEs. In reform area 2, the use of a consistent definition of SMEs, including women's businesses, will improve the financial and nonfinancial support to SMEs. In reform area 3, international accreditation of the trade facilitation ecosystem will improve the quality and safety of products and help SMEs expand into existing and enter new export markets. An e-commerce law based on international standards will make SMEs strong participants in the digital economy. In reform area 4, quarterly enterprise surveys by the Statistics Agency will better integrate industry feedback into TVET programs and will increase the employability of women and youth, while training of SMEs on IFRS-based financial reporting will boost their access to formal finance sources. The subprogram supports 240,856 credit-constrained SMEs and will have created nearly 12,045 additional jobs in 2023.
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
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Responsible ADB Officer Sood, Priyanka
Responsible ADB Department Sectors Group
Responsible ADB Division Finance Sector Office (SG-FIN)
Executing Agencies
Ministry of Economy and Finance
Timetable
Concept Clearance 10 May 2021
Fact Finding 01 Aug 2023 to 11 Aug 2023
MRM 16 Oct 2023
Approval 06 Dec 2023
Last Review Mission -
Last PDS Update 06 Dec 2023

Loan 4415-UZB

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
06 Dec 2023 07 Dec 2023 13 Dec 2023 31 Dec 2024 - -
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 100.00 Cumulative Contract Awards
ADB 100.00 15 Dec 2023 0.00 0.00 0%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 15 Dec 2023 100.00 0.00 100%

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