Microsoft Word pcr uzb public Finance Management Reform Project Final 7Sept2017. docx

E. 
Project Schedule 
23. 
ADB was actively involved in project implementation until the loan was closed in 2012. 
During 2013–2017, the government handled all aspects of project implementation and financed 
all project-related costs. The project was approved on 28 June 2007 and the loan agreement 
was signed on 10 December 2007 with a 5.3-month delay.
17
However, the loan became 
effective quickly on 14 December 2007. The original implementation period was 5 years, with a 
project physical completion date of 31 January 2012 and a loan closing date of 31 July 2012. 
The loan closing date was not extended. The winding up period was 3.6 months
18
. The loan 
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The amount represents the unused portion for GFMIS procurement, savings from the procurement of packages 2 
and 3, and the unused portion for consulting services. 
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Presidential Resolution No. PP-721 on measures to implement the Public Finance Management Reform Project 
with participation of the Asian Development Bank was issued only on 1 November 2007.
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The main reasons included the (i) repackaging of the six procurement packages into three; (ii) delay in opening the 
bids for the GFMIS and server procurement opportunities; (iii) time taken to complete the technical evaluation of 

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account closed on 21 November 2012.
Project implementation experienced initial delays in loan 
signing to meet government assurances and to ensure quick loan effectiveness and a smooth 
start, but later faced interruptions linked to the need to develop technical requirements and 
repackage the contracts, time lost to agree on a new procurement plan and develop new 
bidding documents, and extensive delay in the evaluation of its major contract. Frequent 
turnover of PMO staff further affected progress. The executing agency’s decision to postpone 
the procurement for packages 2 and 3 was not justified.