Development finance assessment

Other Official Flows
Since 2012 ‘other official flows’ (beyond ODA) – provided at close to market terms and/
or with a commercial motive- have overtaken ODA in Uzbekistan. The development finance 
institutions are the main providers of these OOFs
50
in Uzbekistan (Figure 16). OOFs, although 
commercially motivated, can also help finance large projects in Uzbekistan. These flows 
deserve greater consideration to maximize their development impact in Uzbekistan by e.g. 
supporting economic collaboration and facilitating trade with its major trading partners. 
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The EU’s EUR 33 million budget support for implementing the Concept of Agricultural Development would be a first.
50
Other official flows (OOF) are defined as official sector transactions that do not meet official development assistance 
(ODA) criteria. They may include: grants to developing countries for representational or essentially commercial 
purposes; official bilateral transactions intended to promote development, but having a grant element of less than 
25%; and, official bilateral transactions, whatever their grant element, that are primarily export-facilitating in purpose.
Figure 16 Other Official flows by source
0
200
400
600
800
1 000
1 200
1 400
1 600
1 800
2 000
2010 2011 2012 2013 2014 2015 2016 2017 2018
USD
million,
cur
re
nt
Asian Development Bank
Korea
IBRD
IsDB
IDA
EBRD
United States
Asian
Development Bank
45%
Korea
15%
IBRD
15%
IsDB
12%
IDA
9%
EBRD
4%
Total OOFs
(2002-2018)
Source: OECD, 2020.

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DIMENSION 1: 
ASSESSING DEVELOPMENT FINANCE FLOWS
OOFs can help fill the gap between public aid and private investment by crowding in private 
capital: it can enable firms access to long-term loans as well as equity capital in situations where 
high risks discourages private financing. For the period 2002-18 OOFs to Uzbekistan were 
predominantly focused on economic infrastructure development (Figure 17).
The structure of OOF in Uzbekistan
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suggests that it is linked with the specific 
intervention of multilaterally supported projects. OOF has much greater potential in 
Uzbekistan than it has been utilized until now, and the Government should facilitate 
the decentralized access to OOF instruments. Better co-ordination between ODA and 
OOF supported projects may ensure that the synergy will yield the better access to 
development financing and ensure the higher efficiency and effectiveness in attracting 
overseas development resources.