According to bank documents, the proposed Mortgage Market Sector Development Program aims to establish a new institutional infrastructure and financing mechanism to promote market-based mortgage finance in Uzbekistan and expand residential mortgage product availability to broader segments of the population. These measures will allow to provide long-term funding to banks, promote competition, and remove inefficient and market-distorting elements in the housing finance environment. The program will also support the Government of Uzbekistan in reforming some of the parameters of the existing government housing subsidy programs, so as to ensure the efficient use of public resources, strengthen fiscal sustainability, and improve the housing policy and subsidy framework.
Executing Agency: Ministry of Finance
5 Mustaqiliik Square
Tashkent 100008, Republic of Uzbekistan
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main