Support to the Operationalization of the Uzbekistan Mortgage Refinancing Company (UMRC) (ADB-51348-003)

Countries
  • Uzbekistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of Uzbekistan
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 13, 2019

Disclosed by Bank Jan 24, 2019


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Project Description

According to ADB website, the TA will support the operationalization of the Uzbekistan Mortgage Refinancing Company (UMRC) which will provide long-term funding to the banks in Uzbekistan to stimulate the market-based mortgage financing sector. Over time, this will help the economy to develop its financial sector and capital markets thereby contributing to long-term sustainable growth.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Executing Agency: Ministry of Finance
5 Mustaqiliik Square, Tashkent 100008, Republic of Uzbekistan
No contact information provided at the time of disclosure. 

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