Projects

TA 3779-KGZ: Strengthening Corporate Governance and Judicial Reforms

01.11.2002 - 30.09.2003

Kyrgyzstan

Overall project value (EUR)	850000 USD
No. of staff provided	6 International Accounting Standards Experts; 6 Legal and Judicial Advisers
Name of Client	Checchi and Company Consulting, Inc.
Financing agency	Asian Development Bank (ADB)
Name of partners	Checchi/IBTCI (The USA)
Detailed Narrative Description of Project	The TA consisted of two parts to facilitate easier and effective implementation of the respective components of the Second Phase of the Corporate Governance and Enterprise Reform Program (CGERP-II). Part 1 dealt with corporate and financial governance reforms and part 2 dealt with legal and judicial sector reforms. The goal of the TA was to strengthen the Corporate governance and Judicial reform in the Kyrgyz Republic. The purpose was to: (i) promote corporate sector development and corporate governance; (ii) promote legal and regulatory framework for corporate governance; (iii) introduce International accounting standards 2001 and (iv) conduct comprehensive diagnostic assessment of the problems and constraints facing the judiciary.
Detailed Narrative Description of Services provided	1) Corporate governance reforms focusing on support for enterprises in management development, finance, and internal controls; 2) Development of a corporate governance rating system; 3) Development of a sound institutional and regulatory framework for formulating and adopting corporate governance norms in all joint stock companies (JSCs); and 4) A comprehensive legal and judicial sector assessment, with focus on reducing the problems and constraints facing the judiciary.