The Asian Development Bank and Private Sector Development:

1

• The Asian Development Bank and Private Sector
  Development
• Insurance Sector
• Bobir Gafurov, URM, ADB

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Organization

• Private Sector Operations (Non-Government
  guaranteed)
• Private Sector Operations Department (PSOD)
• Public Sector (Government guaranteed)
• Central and West Asia Department (CWRD)

3
Private Sector Projects

• Infrastructure
• power (e.g. generation, transmission,
  distribution) - focus on renewable power
• transportation (e.g. roads, ports, railways,
  airports)
• water supply and waste treatment
• oil gas infrastructure
• telecommunications

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Private Sector Projects (contd)

• Capital Markets and Financial Sectors
• financial institutions
• investment funds
• Projects should have a significant development
  impact, and stimulate private investment.

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Products and Services

• Equity Investments
• Loans
• Guarantees
• B Loan (Complementary Financing Scheme)

6
ADB activities in Uzbekistan Insurance sector

• Institutional Capacity Building
• TA 3488-UZB Development of the Insurance
  Industry, (2000-2002) for 300,000,
• helped to strengthen insurance sector
  legislation, regulation, and supervision.
• (i) strengthening the legal and regulatory
  framework by bringing regulations in line with
  international
• standards and best practice
• (ii) upgrading the institutional capacity of
  Gosstrakhnadzor to ensure adequate supervision of
  insurance companies and
• (iii) developing a MIS for Gosstrakhnadzor.
• Other linked activities
• TA 5465-UZB Financial Sector Infrastructure
  Development (2005-2007) for 400,000
• assisted in analyzing financial sector issues
  and advising on strategy to address them.

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ADBs work in other countries

• Insurance Sector
• Capacity building for insurance market
  supervision
• Development of policy, regulatory and legal
  framework in emerging insurance markets of DMCs
• Support of pro-poor insurance products and
  markets (microinsurance)
• Support to development of ECA
• Related activities Trade Finance Facilitation
  Program

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(http//www.adb.org/tradefinance)
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2010-2012 Planned activities in Insurance

• Technical Assistance Capacity Development for
  Insurance Market Supervision (CDTA)
• To support development of greater supervisory
  capacity, in an insurance market
• Expected outcomes
• revisions to the insurance sector oversight
  framework (policy, legal and regulatory)
• adoption of a comprehensive action plan for
  sector development.

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Thank you

• Uzbekistan Resident MissionAsian Development
  BankTel 998 71 1401920-25Fax 998 71
  1401976www.adb.org/urm