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Kazakstan - Financial and Enterprises Development Project
 
Bus Process:A.1.c. AppraisalCountry:Kazakhstan ; 
Doc Cat:BANK REPORTSDocument Date:1995/03/29
Doc Name:Kazakstan - Financial and Enterprises Development ProjectDocument Type:Staff Appraisal Report
Language:EnglishLoan No:3867 ; P266
Major Sector:FinanceOriginating Unit:Agriculture, Industry and Finance Division
Rel. Proj ID:KZ-Finance & Enterprise Development Project -- P008508 ; Region:Europe and Central Asia
Rep Title:Kazakstan - Financial and Enterprises Development ProjectReport Number:13553
Sector:Payment systems, securities clearance and settlement ; Central government administration ; General industry and trade sector ; BankingSubTopics:Environmental Economics & Policies ; Banks & Banking Reform ; National Governance ; Municipal Financial Management ; Private Participation in Infrastructure
Topics:Infrastructure Economics and FinanceTF No/Name:TF039854-KAZAKHSTAN - FINANCE AND ENTERPRISE DEVELOPMENT PROJECT ; TF037317-KAZAKHSTAN - FINANCE AND ENTERPRISE DEVELOPMENT PROJECT ; TF036495-KAZAKHSTAN - FINANCIAL AND ENTERPRISES DEVELOPMENT PROJECT ; TF034447-KAZAKSTAN - FINANCIAL AND ENTERPRISESE DEVELOPMENT PROJECT ; TF035430-KAZAKSTAN - FINANCE AND ENTERPRISE DEVELOPMENT ; TF033958-KAZAKHSTAN - FINANCIAL AND ENTERPRISE DEVELOPMENT ; TF038464-KAZAKHSTAN: FINANCIAL AND ENTERPRISE DEVELOPMENT PROJECT ; TF020420-FOREST MANAG. & PROTECTION PROJ
Unit Owning:Private/Financial Sectors Devt (ECSPF)Volume No:1

Abstract: 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.
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