Kazakhstan - Contracts Awarded

Finance & Enterprise Development Project

The Financial and Enterprise Development Project will help finance information and communication technology, training, and technical assistance. In the enterprise sector, the project will: 1) continue the Bank's assistance for the implementation of the Government's privatization program; 2) provide advisory services for the defensive restructuring and privatization of distressed large enterprises, or for their liquidation; and 3) transfer modern market economic know-how to enterprise managers through a program of highly structured study tours. In the financial sector, the project will support: 1) advice for the start-up and operation of a debt resolution institution to force the restructuring and resolve the debts of up to forty insolvent enterprises that burden the banks, state budget, and other creditors most severely; 2) institutional development programs for two promising medium-size banks and restructuring programs for two large, formerly specialized banks, consisting of intensive three-year assistance by foreign banks and of equipment and software for bank automation; 3) strengthening of prudential bank supervision through on-the-job training of bank examiners, with increasing specialization on problem banks; and 4) the long-term investments for a new domestic payment system aimed at, inter alia, same-day finality of settlements and real time processing of high value transactions.**

Last Updated August 29 2007

Basic Information
Project Status	Closed
Region	Europe And Central Asia
Country/Area	Kazakhstan
Major Sector (Sector) (%)	Finance (Payment systems, securities clearance and settlement) (40%)
	Finance (Banking) (31%)
	Public Administration, Law, and Justice (Central government administration) (26%)
	Industry and trade (General industry and trade sector) (3%)
Old Major Sector	Industry
Old Sector	Industrial Restructuring
Env Category	C
Project ID	P008508
Bank Team Lead (Last Name, First)	Hilton, Rochelle
Approval Date	18-APR-1995
Closing Date	31-DEC-2001
Borrower	GOVT OF KAZAKHSTAN
Implementing Agency	MINISTRY OF ECONOMY

Financial
Main Loan/Credit #	38670
IBRD Commitment *	62
IDA Commitment *	0
IBRD + IDA Commitment *	62
Grant Amount *	0
Total Project Cost *	62
Product Line	IBRD/IDA
Lending Instrument	Specific Investment Loan

Development Outcomes And Goals
*Targeted Thematic Outcomes...*	Supporting this Broader Dev't Goal
State enterprise/bank restructuring and privatization	N/A (CAP)
Corporate governance	Investment climate (CAP); International financial architecture (GPG)
Regulation and competition policy	Investment climate (CAP)
Public expenditure, financial management and procurement	Public sector governance (CAP); N/A (GPG)

Available Project Documents***
For a short project overview, please consult the Project Information Document if available.

	Loan Agreement (), Vol. -31-JUL-1995
	Project Agreement (), Vol. -31-JUL-1995
	Staff Appraisal Report (SAR), Vol.1 -29-MAR-1995

Contract Award Information

Click here to see contract award information about this project.

*Commitment at Board in USD$ millions. Does not reflect any cancellations. Pipeline and dropped projects display the forecast amount. Total project cost includes non-Bank funding.

** The project summary is drawn from the PAD, SAR, or PGD abstract and may not accurately reflect the project's current nature.

*** Project documents are posted to this website as soon as they reach certain milestones (more info.). For example, Project Appraisal Documents are processed and made available through this website a few days after Board approval. If you find that a report which should be here is unavailable, contact Infoshop .