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The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.
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44318-025: Housing for Integrated Rural Development Improvement Program - Tranche 2
Project Data Sheet (PDS): Details
Project 2 will help to strengthen the impact of the government's Rural Development Program (RDP) and Rural Housing Scheme (RHS) to improve rural livelihoods and living standards, including better coordination with the government's financial sector strategy and new Micro, Small and Medium Enterprise (MSME) Program. In the medium term, the MFF supports (i) access to affordable housing finance and housing (ii) improved local government capacity to implement integrated rural development strategies that focus on creating rural jobs; and (iii) strengthening the enabling environment for rural MSMEs.
Project Rationale and Linkage to Country/Regional Strategy
While Uzbekistan has achieved substantive gains in gross domestic product (GDP) growth (8.5% in 2010), led by services (11.2%), industry (8.4%), and agriculture (7.1%), living standards in rural areas continue to lag those in urban areas. Around 75% of the poor live in rural areas and rural poverty (22.2% in 2009) is decreasing at a slower pace than in urban areas (15.2% in 2009). The proposed project will support the government's strategy for more inclusive economic growth, improving rural job and livelihood opportunities, improving rural living standards, and addressing urban migration.
The impact of Tranche 2 will be improved rural housing for targeted beneficiaries.
Description of Outcome
The outcome will be downstreaming of the rural housing scheme for moderate- to lower-income beneficiaries, with a focus on women.
Description of Project Outputs
(i) at least 20,000 housing loans provided by three PCBs to targeted beneficiaries in rural areas (ii) improved capacity of local governments to prepare and implement integrated rural development plans and investment promotion strategies (iii) an improved enabling environment for entrepreneurs and MSEs to expand or establish new businesses in rural areas.
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