📋 Tender Overview
Project ID: P174028
Region: Europe and central asia
Commitment Amount: Us$ 50.00 million
Total Project Cost: Us$ 100.00 million
To leverage implementation capacity within the government, the existing MoF PIU will act as the project’s PIU.The MoF PIU has been successfully implementing World Bank projects in the Kyrgyz Republic since 2002, either as a single PIU or by performing fiduciary/safeguards/monitoring and evaluation (M&E) functions only. The MoF PIU has accumulated significant experience in procurement, financial management, environmental and social development safeguards and M&E, in accordance with the World Bank policies and procedures. To remain cost-efficient, avoid duplicating roles in different agencies, and use existing capacity, the MoF PIU will implement the project as it relates to the management of RFA under Component 1, procurement, FM, E&S safeguards and M&E monitoring.The MOF PIU will prepare a Project Operations Manual (POM) and RFA Procedural Manual (RFA PM).13.The MoF PIU will disburse and manage the RFA. The MoF PIU will, inter alia: (i) assesscompliance with eligibility criteriaand sign agreements with SDAs who will act as financial assistance disbursement agents for the RFA; (ii) prepare the RFA Procedural Manual, detailing implementation arrangements, terms and conditions; (iii) support the outreach campaign for the RFA in collaboration with the SDAs; and, (iv) ensure reimbursement of the RFA. The SDAswill receive funds directly from the MoF PIU to disburse financial assistance to MSMEs, and disbursement will be report-based. The SDAs will have a variable ceiling, based on a six-month forecast to cover project implementation needs.
Development Objective
The Project Development Objective is to support MSMEs in response to and during the recovery from the COVID-19 crisis.
