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Lesson
The TCR stated that the deteriorating global economic situation and conservative fiscal situation, along with a change of Kazpost management, led to the non-take-up of follow-up ADB finance. The TCR also implied that there could have been a follow up loan had there been closer cooperation between PSOD and the TA team. Under these constraining circumstances, closer cooperation between PSOD and the TA team increases the chances of leading to the follow-up ADB loan.

Project Number: 40552-012
Project Name: KazPost Financial Strengthening and Modernization
Report Date:
Lesson
Kazpost was just one example of many unsuccessful ADB attempts in non-sovereign lending to Kazakhstan state owned enterprises from 2005–2010. The TA team (Central and West Asia Department/ Kazakhstan Resident Mission) and PSOD should have worked more closely in preparing the ensuing loan. Subsequently, enhanced collaboration of PSOD and Central and West Asia Department [was] further established, which resulted in the first loan to a state-owned enterprise, Samruk Energo, in 2017.

Project Number: 40552-012
Project Name: KazPost Financial Strengthening and Modernization
Report Date: