| Financier | Commitments |
|---|---|
| IDA Credit | 33.00 |
Institutional Capacity Building Project
Abstract*
The development objectives of Institutional Capacity Building Project for Uzbekistan is to strengthen public financial management (PFM) and enable the market operation of the corporate sector. This project has four components. 1) The first component, Improving PFM, aims to support improvements in areas fundamental to a functional PFM system that promotes achievement of public policy objectives, improved performance, and institutionalized accountability... Show More
Development Objective
The Project Development Objective is to strengthen public financial management and enable the market operation of the corporate sector.
Key Details
Project Details
P168180
Active
Yeraly Beksultan , Arman Vatyan
Republic of Uzbekistan
September 12, 2018
(as of board presentation)
May 24, 2019
December 16, 2019
US$ 33.00 million
MInistry of Economy and Finance
2019
US$ 33.00 million
C
N/A
October 30, 2026
Yes
BANK APPROVED
April 5, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 33.00 |
| IBRD + IDA Commitment | 33.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 33.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Nov 15, 2022 | IDA-64310 | Int Charges | 15,002.52 |
| May 2, 2023 | IDA-64310 | Loan Disb | 481,037.30 |
| Nov 15, 2022 | IDA-64310 | Int Charges | 895.35 |
| Nov 15, 2022 | IDA-64310 | Int Charges | 13,621.38 |
| Oct 28, 2022 | IDA-64310 | Loan Disb | 421,354.06 |
| Nov 28, 2022 | IDA-64310 | Loan Disb | 464,945.50 |
| Aug 9, 2022 | IDA-64310 | Loan Disb | 445,082.90 |
| Apr 18, 2022 | IDA-64310 | Loan Disb | 408,837.88 |
| May 15, 2022 | IDA-64310 | Int Charges | 9,920.00 |
| May 15, 2022 | IDA-64310 | Int Charges | 8,495.59 |
| Dec 7, 2021 | IDA-64310 | Loan Disb | 433,523.62 |
| May 30, 2023 | IDA-64310 | Loan Disb | 405,433.88 |
| Jan 26, 2023 | IDA-64310 | Loan Disb | 463,476.80 |
| May 15, 2023 | IDA-64310 | Int Charges | 581.01 |
| May 15, 2023 | IDA-64310 | Int Charges | 25,022.77 |
| May 15, 2023 | IDA-64310 | Int Charges | 25,022.77 |
| May 15, 2023 | IDA-64310 | Int Charges | 23,180.98 |
| Nov 15, 2023 | IDA-64310 | Loan Disb | 158,772.00 |
| Nov 27, 2023 | IDA-64310 | Loan Disb | 115,536.00 |
| Nov 15, 2023 | IDA-64310 | Int Charges | 30,943.40 |
| Dec 26, 2023 | IDA-64310 | Loan Disb | 700,000.00 |
| Nov 3, 2023 | IDA-64310 | Loan Disb | 150,000.00 |
| Nov 15, 2023 | IDA-64310 | Int Charges | 507.23 |
| Nov 15, 2023 | IDA-64310 | Int Charges | 32,868.97 |
| Nov 15, 2023 | IDA-64310 | Int Charges | 32,868.97 |
| Nov 9, 2023 | IDA-64310 | Loan Disb | 54,590.44 |
| May 24, 2019 | IDA-64310 | Loan Commitment | 33,000,000.00 |
| May 15, 2024 | IDA-64310 | Int Charges | 41,695.91 |
| May 15, 2024 | IDA-64310 | Int Charges | 37,381.27 |
| Apr 8, 2024 | IDA-64310 | Loan Disb | 696,684.75 |
| May 15, 2024 | IDA-64310 | Int Charges | 172.58 |
| May 15, 2024 | IDA-64310 | Int Charges | 41,695.91 |
| Nov 15, 2020 | IDA-64310 | Int Charges | 3,750.00 |
| Nov 15, 2020 | IDA-64310 | Int Charges | 3,750.00 |
| Nov 15, 2020 | IDA-64310 | Int Charges | 3,550.02 |
| May 15, 2021 | IDA-64310 | Int Charges | 3,550.02 |
| May 15, 2021 | IDA-64310 | Int Charges | 3,750.00 |
| May 15, 2021 | IDA-64310 | Int Charges | 3,750.00 |
| May 19, 2020 | IDA-64310 | Int Charges | 1,979.17 |
| May 19, 2020 | IDA-64310 | Int Charges | 1,979.17 |
| May 19, 2020 | IDA-64310 | Int Charges | 1,873.62 |
| Feb 10, 2020 | IDA-64310 | Loan Disb | 500,000.00 |
| May 15, 2022 | IDA-64310 | Int Charges | 9,920.00 |
| Nov 15, 2021 | IDA-64310 | Int Charges | 5,590.53 |
| Nov 15, 2021 | IDA-64310 | Int Charges | 5,590.53 |
| Nov 15, 2021 | IDA-64310 | Int Charges | 5,292.38 |
| Jul 19, 2021 | IDA-64310 | Loan Disb | 380,802.44 |
| Nov 15, 2022 | IDA-64310 | Int Charges | 15,002.52 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Project Management | Moderately Satisfactory | 2024-11-13 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-11-13 |
| Financial Management | Satisfactory | 2024-11-13 |
| Monitoring and Evaluation | Moderately Satisfactory | 2024-11-13 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-11-13 |
| Procurement | Moderately Unsatisfactory | 2024-11-13 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Corporate governance of SOEs reflects OECD Corporate Governance Standards Value Newly created agency with low capacity (ASAM) Presidential Decree on SOE transformation and priv SOE aggregate report for Top [30] produced and pub Date March 15, 2019 April 1, 2024 October 30, 2026 Comment Budgeting processes, public internal control and audit, and public sector accounting standards reflect international good practices Value Reforms under consideration reforms under implementation PEFA indicators related to budget improved, intern Date March 15, 2019 April 1, 2024 October 30, 2026 Comment Number of SOEs privatized (more than 50% of shares divested) and number of infrastructure PPPs completed Value 0.00 0.00 6.00 Date March 15, 2019 April 1, 2024 October 30, 2026 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Improved public investment management Value Reforms under consideration Reforms under consideration Multiyear investment planning introduced in 50% of Date March 15, 2019 April 1, 2024 October 30, 2026 Comment Strategic mapping of existing SOEs Value 0.00 2800.00 3000.00 Date March 15, 2019 April 1, 2024 October 30, 2026 Comment Percentage of citizens (participating in thematic groups and/or providing through the MOF website) who report that the engagement process was effective Value 0.00 0.00 90.00 Date March 15, 2019 April 1, 2024 October 30, 2026 Comment Staff trained on all PFM areas (of which female) Value 0 300 400 (of which 100% of potential female beneficiari Date September 1, 2018 April 1, 2024 October 30, 2026 Comment 3 Core legislative acts reviewed and updated Value Outdated laws on accounting, auditing and corporat 3 laws adopted: Law on Audit in Feb 2021; Presiden Updated 3 core laws Date March 15, 2019 April 1, 2024 October 30, 2026 Comment Number of legislative pieces and guidelines on competition adopted Value 0.00 0.00 4.00 Date December 31, 2023 April 1, 2024 October 30, 2026 Comment Percentage of SOEs using IFRS for financial reporting and publicly disclosing the reports Value 0.00 6.00 80.00 Date March 15, 2019 April 1, 2024 October 30, 2026 Comment Strategic SOEs follow high standards of transparency and are subject to the high quality accounting, disclosure, compliance and auditing standards, as per Chapter VI of the OECD Guidelines Value 0.00 31.00 30.00 Date March 15, 2019 April 1, 2024 October 30, 2026 Comment Improved internal audit Value Reforms under consideration Reforms under implementation Gradual implementation of the new IA methodology a Date March 15, 2019 April 1, 2024 October 30, 2026 Comment Gradual enhancement of budget process Value 2018 PEFA Scores are D for PI 8.1, 8.2, and 8.3; P 2018 PEFA Scores are D for PI 8.1, 8.2, and 8.3; P Marked improvements in PEFA Assessments - score of Date March 15, 2019 April 1, 2024 October 30, 2026 Comment Boards are formed at largest 30 SOEs and given an authority and competencies for strategic guidance and monitoring of SOE management Value 0.00 22.00 30.00 Date March 15, 2019 April 1, 2024 October 30, 2026 Comment New public internal control framework implemented following international good practices Value Reforms under consideration Reforms under implementation Gradual roll-out of new PIC framework with 10% at Date March 15, 2019 April 1, 2024 October 30, 2026 Comment New public sector accounting and financial reporting standards implemented following international good practices Value Reforms under consideration Reforms under consideration Piloting completed. Applicable accounting and fina Date March 15, 2019 April 1, 2024 October 30, 2026 Comment Number of SOEs privatization process launched Value 0.00 0.00 10.00 Date March 15, 2019 April 1, 2024 October 30, 2026 Comment Number of bids received per privatization transaction supported by the Project Value 0.00 0.00 2.00 Date March 15, 2019 April 1, 2024 October 30, 2026 Comment New laws/regulations on PPP enacted and implemented Value Reform options under discussion PPP law passed New laws on PPP under implementation Date March 15, 2019 April 1, 2024 October 30, 2026 Comment Staff trained on corporate governance, privatization and PPP development (of which female) Value 0.00 30.00 100.00 Date March 15, 2019 April 1, 2024 October 30, 2026 Comment Number of PPPs developed for the market through the use of the PPP PPF Value 0.00 2.00 5.00 Date September 1, 2018 April 1, 2024 October 30, 2026 Comment Number of bids received per PPP transaction Value 0.00 2.00 12.00 Date March 15, 2019 April 1, 2024 October 30, 2026 Comment 3 monitoring tools adopted for SOE oversight and governance Value Weak monitoring of SOE fin performance and corpora Weak monitoring of SOE fin performance and corpora 3 tools adopted (SOE performance monitoring framew Date March 15, 2019 April 1, 2024 October 30, 2026 Comment