Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Kyrgyzstan
Uzbekistan

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Government of Kyrgyzstan; Government of Uzbekistan

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Finance
Technical Cooperation

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Grant

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ EBRD website

Updated in EWS May 2, 2026

Disclosed by Bank Mar 11, 2026

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the EBRD seeks to perform a deep dive study on at least three partner financial institutions ("PFIs"), in Kyrgyz Republic and Uzbekistan, participating in the Central Asia Women in Business (WiB) Programme, which will seek to answer the following questions:

1. Investigate behavioural change at the PFI level, e.g., have PFI perceptions of this segment changed, what organisational (e.g., MIS update; appointed roles in charge for this segment within SME department) and product-related changes (e.g., collateral-light loans, NFS, marketing campaigns) have been implemented and have they been sustainable beyond the WiB programme.
2. Investigate the change in access to finance and quality of services for women MSMEs;
3. Investigate the outcomes for Women MSME borrowers (on business survivability, business growth, employment, innovation, etc.);
4. Investigate differentiated impact for different segments of the women MSMEs; potential identification of new segments that could present a unique opportunity for PFIs in the future.

The assignment aims to investigate the beneficial effects of the Women in Business programme in Central Asia to enhance access to finance for women. The study entails:

- An in-depth analysis of the PFIs practices and behavioural changes to better serve the women entrepreneurs segment following the WiB programme. A key part of the study will also investigate the effectiveness of the FLRC component (First-Loss Risk cover) to mitigate risks for the PFI to lend to a new women segment. This will provide invaluable insights on how to use Donor resources more efficiently in the future.
- A quantitative and qualitative assessment of the Women MSMEs performance under WiB. The study will investigate what are the measurable improvements in business performance, financial health, and sustainability for women-led MSMEs, as well as what are the key characteristics and needs of women borrowers across different stages of the business lifecycle and how has the effectiveness of WIB been different in each segment.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Investment amount not available at the time of disclosure.

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html