Contribute Information
Can you contribute information about this project?
Contact the EWS Team
According to the Bank’s website, the ADB approved the Mortgage Market Sector Development Program on 28 November 2019. It was designed to increase the availability of affordable market-based residential mortgage credit by establishing the premise for improved access to long-term market-based funding and enhanced development of competitive housing finance products, as well as reforming the inefficient housing subsidy framework and some of its programs. The program's impact is living standards improved for the population of Uzbekistan. The program has three outputs. The additional financing will expand the scope of output 3 to include supplementary long-term funding to the Mortgage Refinancing Company of Uzbekistan (UzMRC) to make long-term local currency resources available to identified eligible participating financial institutions (PFIs) to fund (i) residential mortgage loans, (ii) housing improvement loans, and (iii) green renovation loans (a new loan product). Further improvements are also supported, including the establishment of an information and technology system in UzMRC, enhanced gender access to UzMRC funding, the operationalization of the green renovation loan tool kit, and UzMRC's adoption of a strategic business plan.
No contact information provided at the time of the disclosure.
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.adb.org/forms/request-information-form
ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals
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.