📋 Tender Overview
SUMMARY
STATUS
Approved
MEMBER
Uzbekistan
SECTOR
Other
E&S CATEGORY
Category C
PROJECT NUMBER
000927
FINANCING
APPROVED FUNDING
USD250 million
FINANCING TYPE
Sovereign
TIMELINE
CONCEPT REVIEW
October 17, 2024
FINANCING APPROVAL
December 12, 2024
OBJECTIVE
To support Uzbekistan in implementing crucial policy and institutional reforms to improve climate resilience and accelerate the climate transition for achieving resilient, inclusive, and low-carbon economic growth.
DESCRIPTION
The proposed Program will support the Government of Uzbekistan (GoU) in responding to strategic climate priorities and address the critical binding constraints to help achieve resilient, inclusive, and low-carbon economic growth. The Program will be co-financed by the Asian Development Bank (ADB) as the lead co-financier. The proposed Program is aligned with Uzbekistan's updated National Determined Contribution (NDC, 2021), which emphasizes mitigation and adaptation measures required for the country to reduce greenhouse gas emissions, as well as adapt to the impacts of climate change. It is also aligned with the national development strategy "New Uzbekistan 2030" and the Strategic Framework of Transitioning to a Green Economy 2030. The Program will focus on (i) strengthening the institutional framework, planning, budgeting, and monitoring mechanisms for the implementation of climate change actions; (ii) strengthening climate change adaptation priorities by enhancing climate resilience of water and land resource management, increasing agriculture productivity and improving social protection systems, implementing climate and sustainability risk disclosures for state-owned enterprises (SOEs); and (iii) accelerating transitioning to a low-carbon economy, particularly in the climate-critical sectors of transport and energy through e-mobility and energy efficiency related reforms.
ENVIRONMENTAL AND SOCIAL INFORMATION
Applicable Environmental and Social Policy. The Program will be co-financed by ADB, who will take the lead on implementation issues. To ensure a harmonized approach to addressing the environmental and social (ES) risks and impacts of the Program, and as permitted under AIIB's Environmental and Social Policy (ESP), the ADB’s Safeguards Policy Statement (SPS) will apply to the Program in lieu of AIIB's ESP. AIIB has reviewed the ADB’s SPS and is satisfied that it is materially consistent with (i) the Bank’s Articles of Agreement; (ii) the ESP, including the Environmental and Social Exclusion List; (iii) the Environmental and Social Standards; and (iv) monitoring procedures in place for the Program.
Categorization and Potential Environmental and Social Impacts. Based on ES assessments carried out by ADB, following its SPS requirements, ADB categorized the Program as C for Environment, Involuntary Resettlement and Indigenous Peoples because activities will be solely confined to policy and institutional reforms across government branches
