Financial Sector Adjustment Credit (FSAC)

Development Objective

THE CREDIT (FINSAC) HAS SUPPORTED A COMPREHENSIVE REFORM PROGRAM IN THE FINANCIAL SECTOR COVERING POLICY AND REGULATORY REFORMS; LIQUIDATION OR RESTRUCTURING OF OLD STATE-OWNED BANKS AND LEGAL AND REGULATORY REFORMS FOR THE DEVELOPMENT OF NON-BANK FINANCIAL INSTITUTIONS. THE REFORM PROGRAM SUPPORTED BY THE CREDIT HAS BEEN SUCCESSFULLY IMPLEMENTED. THE SECOND TRANCHE OF FINSAC WAS RELEASED ON NOVEMBER 17, 1997.

Key Details

Project Details

Project ID
P034095
Status
Closed
Team Leader
Michael Gascoyne
Borrower 2
N/A

Country
Kyrgyz Republic
Disclosure Date
April 29, 1996
Approval Date
(as of board presentation)
June 25, 1996
Effective Date
September 3, 1996

Total Project Cost 1
US$ 45.00 million
Implementing Agency
N/A
Region
Europe and Central Asia
Fiscal Year 3
1996

Commitment Amount
US$ 45.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
June 30, 1998

Last Stage Reached
BANK APPROVED
Last Update Date
January 15, 2013

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Economic Policy

FY17 - Fiscal Policy6%
- FY17 - Fiscal sustainability2%
- FY17 - Public Expenditure Policy2%
- FY17 - Tax policy2%
FY17 - Macro-financial policies6%
- FY17 - External Finance2%
- FY17 - Macroeconomic Resilience2%
- FY17 - Monetary and Credit Policies2%

FY17 - Finance

FY17 - Financial Infrastructure and Access14%
- FY17 - Credit Infrastructure14%
FY17 - Financial Stability14%
- FY17 - Financial Sector Integrity7%
- FY17 - Financial Sector oversight and policy/banking regulation & restructuring7%

FY17 - Private Sector Development

FY17 - Business Enabling Environment28%
- FY17 - Regulation and Competition Policy28%

FY17 - Public Sector Management

FY17 - Public Administration28%
- FY17 - State-owned Enterprise Reform and Privatization28%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	45.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	45.00
IBRD + IDA Commitment	45.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	45.00

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

No data available.

Detailed Financial Activity as of April 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jul 15, 2021	IDA-28900	Int Charges	17,511.32
Jul 15, 2021	IDA-28900	Int Charges	17,511.32
Jul 15, 2021	IDA-28900	Loan Repay	1,111,172.40
Jul 15, 2020	IDA-28900	Int Charges	5,926.70
Jul 15, 2020	IDA-28900	Int Charges	5,926.70
Jul 15, 2020	IDA-28900	Loan Repay	1,084,496.40
Jul 15, 2020	IDA-28900	Int Charges	63,172.44
Jul 15, 2020	IDA-28900	Int Charges	63,172.44
Jan 15, 2021	IDA-28900	Loan Repay	1,123,512.00
Jan 15, 2021	IDA-28900	Int Charges	70,770.78
Jul 16, 2019	IDA-28900	Loan Repay	1,077,507.60
Jul 16, 2019	IDA-28900	Int Charges	96,975.68
Jul 16, 2019	IDA-28900	Int Charges	96,975.68
Jan 15, 2022	IDA-28900	Int Charges	75,762.38
Jul 15, 2022	IDA-28900	Loan Repay	1,021,261.80
Jul 15, 2022	IDA-28900	Int Charges	68,935.17
Jul 15, 2022	IDA-28900	Int Charges	68,935.17
Jul 15, 2022	IDA-28900	Int Charges	2,307.88
Jul 15, 2022	IDA-28900	Int Charges	2,307.88
Jan 15, 2021	IDA-28900	Int Charges	70,770.78
Jan 15, 2021	IDA-28900	Int Charges	27,244.62
Jan 15, 2021	IDA-28900	Int Charges	27,244.62
Jan 15, 2023	IDA-28900	Int Charges	40,133.40
Jan 15, 2023	IDA-28900	Int Charges	40,133.40
Jan 15, 2023	IDA-28900	Loan Repay	17,906.49
Jan 15, 2023	IDA-28900	Loan Repay	1,033,853.30
Jan 15, 2022	IDA-28900	Loan Repay	12,013.19
Jan 15, 2022	IDA-28900	Loan Repay	1,086,148.80
Jan 15, 2022	IDA-28900	Int Charges	75,762.38
Jan 15, 2024	IDA-28900	Loan Repay	1,042,119.00
Jan 15, 2024	IDA-28900	Int Charges	50,555.74
Jan 15, 2024	IDA-28900	Int Charges	50,555.74
Jul 15, 2023	IDA-28900	Loan Repay	1,056,517.80
Jul 15, 2023	IDA-28900	Int Charges	53,356.95
Jul 15, 2023	IDA-28900	Int Charges	53,356.95
Jul 15, 2023	IDA-28900	Int Charges	27,038.05
Jul 15, 2023	IDA-28900	Int Charges	27,038.05
Jun 25, 1996	IDA-28900	Loan Commitment	45,000,000.00
Jul 15, 2024	IDA-28900	Int Charges	8,010.40
Jul 15, 2024	IDA-28900	Int Charges	8,010.40
Jul 15, 2024	IDA-28900	Loan Repay	1,035,262.80
Jul 15, 2024	IDA-28900	Int Charges	51,092.97
Jul 15, 2024	IDA-28900	Int Charges	51,092.97
Jan 15, 2024	IDA-28900	Int Charges	9,897.36
Jan 15, 2024	IDA-28900	Int Charges	9,897.36
Jul 15, 2013	IDA-28900	Int Charges	140,501.45
Jul 15, 2013	IDA-28900	Int Charges	140,501.45
Jul 15, 2013	IDA-28900	Int Charges	6,978.71
Jul 15, 2013	IDA-28900	Int Charges	6,978.71
Jul 15, 2013	IDA-28900	Loan Repay	584,551.50
Jul 15, 2014	IDA-28900	Int Charges	3,183.32
Jul 15, 2014	IDA-28900	Int Charges	3,183.32
Jul 15, 2014	IDA-28900	Loan Repay	602,577.30
Jan 15, 2014	IDA-28900	Int Charges	4,273.96
Jan 15, 2014	IDA-28900	Int Charges	4,273.96
Jan 15, 2014	IDA-28900	Loan Repay	598,400.40
Jan 15, 2014	IDA-28900	Int Charges	142,698.84
Jan 15, 2014	IDA-28900	Int Charges	142,698.84
Jul 15, 2015	IDA-28900	Int Charges	126,729.19
Jan 15, 2016	IDA-28900	Loan Repay	8,825.21
Jan 15, 2016	IDA-28900	Loan Repay	530,759.30
Jan 15, 2016	IDA-28900	Int Charges	123,429.95
Jan 15, 2016	IDA-28900	Int Charges	123,429.95
Jan 15, 2015	IDA-28900	Loan Repay	556,740.60
Jan 15, 2015	IDA-28900	Int Charges	131,529.97
Jan 15, 2015	IDA-28900	Int Charges	131,529.97
Jul 15, 2014	IDA-28900	Int Charges	143,297.56
Jul 15, 2014	IDA-28900	Int Charges	143,297.56
Jan 15, 2015	IDA-28900	Int Charges	1,220.50
Jan 15, 2015	IDA-28900	Int Charges	1,220.50
Jan 15, 2017	IDA-28900	Loan Repay	1,039,179.90
Jan 15, 2017	IDA-28900	Int Charges	114,619.78
Jan 15, 2017	IDA-28900	Int Charges	114,619.78
Jul 15, 2016	IDA-28900	Loan Repay	253.99
Jul 15, 2016	IDA-28900	Loan Repay	1,087,003.60
Jul 15, 2016	IDA-28900	Int Charges	122,316.48
Jul 15, 2016	IDA-28900	Int Charges	122,316.48
Jul 15, 2015	IDA-28900	Loan Repay	17,658.22
Jul 15, 2015	IDA-28900	Loan Repay	527,413.56
Jul 15, 2015	IDA-28900	Int Charges	126,729.19
Jan 15, 2018	IDA-28900	Int Charges	95,729.70
Jan 15, 2018	IDA-28900	Int Charges	95,729.70
Jul 15, 2017	IDA-28900	Int Charges	96,546.69
Jul 15, 2017	IDA-28900	Loan Repay	10,637.35
Jul 15, 2017	IDA-28900	Loan Repay	1,073,929.20
Jul 15, 2017	IDA-28900	Int Charges	96,546.69
Jan 15, 2017	IDA-28900	Loan Repay	14,795.15
Jan 15, 2020	IDA-28900	Loan Repay	1,076,757.50
Jan 15, 2020	IDA-28900	Int Charges	22.45
Jan 15, 2020	IDA-28900	Int Charges	22.45
Jan 15, 2020	IDA-28900	Int Charges	87,049.04
Jan 15, 2020	IDA-28900	Int Charges	87,049.04
Jan 15, 2020	IDA-28900	Loan Repay	781.28
Jul 16, 2019	IDA-28900	Int Charges	11,529.15
Jul 16, 2019	IDA-28900	Int Charges	11,529.15
Jul 15, 2018	IDA-28900	Int Charges	106,621.34
Jul 15, 2018	IDA-28900	Int Charges	17,060.77
Jul 15, 2018	IDA-28900	Int Charges	17,060.77
Jul 15, 2018	IDA-28900	Loan Repay	1,093,552.20
Jul 15, 2018	IDA-28900	Int Charges	106,621.34
Jan 15, 2019	IDA-28900	Int Charges	90,387.62
Jan 15, 2019	IDA-28900	Int Charges	90,387.62
Jan 15, 2019	IDA-28900	Loan Repay	22,773.39
Jan 15, 2019	IDA-28900	Loan Repay	1,065,576.20
Jan 15, 2018	IDA-28900	Int Charges	17,862.34
Jan 15, 2018	IDA-28900	Int Charges	17,862.34
Jan 15, 2018	IDA-28900	Loan Repay	1,117,701.00
Jul 15, 2021	IDA-28900	Int Charges	83,337.93
Jul 15, 2021	IDA-28900	Int Charges	83,337.93

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 08-23-2000	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome	Not Rated	N/a
Bank Performance	Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Satisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Not Rated	N/a

Results Framework

No data available.

Financial Sector Adjustment Credit (FSAC)

Development Objective

Key Details

Project Details

Sectors

Themes

Stay Connected, sign up for our:

Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

Detailed Financial Activity as of April 30, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework