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The Asian Development Bank and Private Sector Development:

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The Asian Development Bank and Private Sector Development: Insurance Sector Bobir Gafurov, URM, ADB Organization Private Sector Operations (Non-Government guaranteed ... – PowerPoint PPT presentation

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Title: The Asian Development Bank and Private Sector Development:


1
  • The Asian Development Bank and Private Sector
    Development
  • Insurance Sector
  • Bobir Gafurov, URM, ADB

2
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

4
Private Sector Projects (contd)
  • Capital Markets and Financial Sectors
  • financial institutions
  • investment funds
  • Projects should have a significant development
    impact, and stimulate private investment.

5
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.

7
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

8
(http//www.adb.org/tradefinance)
9
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.

10
Thank you
  • Uzbekistan Resident MissionAsian Development
    BankTel 998 71 1401920-25Fax 998 71
    1401976www.adb.org/urm
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