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

Achieved.
ADB provided initial training in 2010 but was 
unable to provide GFMIS-specific training because of 
delays in the project.
 
The
 
MOF reported that training was 
completed as required when a new GFMIS was 
commissioned in 2016. 
BSL = Budget System Law, CBU = Central Bank of Uzbekistan, COA = chart of accounts, GFMIS = government 
financial management information system, GFSM = Government Finance Statistics Manual, IMF = International 
Monetary Fund, IPSAS = International Public Sector Accounting Standards, IT = information technology, MOF = 
Ministry of Finance, MTBF = medium-term budget framework, PFM = public finance management, TSA = treasury 
single account, UzASBO = Uzbekistan Automated System for Budget Organizations. 
a
Ministry of Finance of the Republic of Uzbekistan. 
https://www.mf.uz
. 
b
MOF Order. No. 26 dated 2 April 2010 on the adoption of a unified chart of accounts for treasury budget execution. 
The MOF postponed the implementation of the document and canceled the order in 2016. 
c
Law of the Republic of Uzbekistan No. ZRU-130 dated 17 December 2007 on amendments to the budget system 
and Treasury laws. 
d
Laws of the Republic of Uzbekistan No. ZRU-360 dated 27 December 2013 on the Budget Code and ZRU-361 
dated 27 December 2013 on the amendments and abolishment of some legislative acts due to the adoption of the 
Budget Code. 
Source: Asian Development Bank. 

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Appendix 2
19 
COMPLIANCE WITH LOAN COVENANTS 
As of 31 December 2016 
Loan Covenants 
Reference in 
Loan 
Agreement 
Status of Compliance 
1. The Borrower shall cause the Project to be carried 
out with due diligence and efficiency and in conformity 
with sound administrative, financial, engineering, 
environmental and technological practices. In the 
carrying out of the Project and operation of the 
Project facilities, the Borrower shall perform, or cause 
to be performed, all obligations set forth in Schedule 5 
to the Loan Agreement. 
Section 4.01