Strengthening Capacities for Sustainable Development Finance in the CIS Region

Strengthening Capacities for Sustainable Development Finance in the CIS Region

Completedon 31 Jul, 2022
Evaluation Plan
Planned End Date
Jun 2022
Evaluation Type
Management Response
Evaluation Budget

The Kyrgyz Republic is a lower middle-income country. Growth has been subject to sharp fluctuations because of the narrow economic base. It has been primarily driven by remittances and minerals. The development of the private sector as the key engine of growth has been a major focus of reforms.  Micro, small and medium-sized enterprises (MSMEs) remain the dominant force in Kyrgyzstan’s private sector landscape.

The Project Strengthening capacities for sustainable development finance in the Commonwealth of Independent States (CIS) region was designed in 2017 when the global economy was in a deep downturn. The Project is pursuing two results:

  • Building capacity for preparation and implementation of investment development projects in the Kyrgyz Republic;
  • Building capacity of the CIS member-states in accessing new development finance sources.

Two main activities and actions pursued to achieve the expected results include:

Activity 1. Technical assistance to the Kyrgyz Republic in identification, preparation and implementation of bankable projects for financing from the Russian-Kyrgyz Development Fund (RKDF): Action 1.1. Support to the strategic programming of development operations by the government and Action 1.2. Preparation of the high priority projects for RKDF financing.

Activity 2. Technical assistance in project preparation for potential financing by IFIs to governmental and business entities in Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Tajikistan, including the Eurasian Development Bank (EDB) clients: Action 2.1. Cooperation framework for targeted support to preparation of quality bankable projects for EDB's lending; Action 2.2. Capacity development for financial intermediary operations; and Action 2.3. Knowledge management to improve accessibility of development financing

The final evaluation of the Project covers the period from its starting date up to the date of the evaluation (2017-2021). The Project is expected to be completed at the end of 2021. The evaluation applied a non-experimental theory-based contribution methodology. Contribution analysis was used to develop an overall performance story and assess plausible Project contributions to observed changes. A mixed-methods approach was applied, involving a blend of qualitative and quantitative data collection methods such as a desk review and semi-structured interviews of Project trainings’ beneficiaries. Triangulation was applied for consistency, validity and reliability. The evaluation draws on the totality of evidence collected.

  • Evaluation Information
Evaluation Title
Strengthening Capacities for Sustainable Development Finance in the CIS Region
Quantum Project Number
Plan Period
Management Response
Plan Date
30 Jun, 2022
Quality Assessment
Completion Date
31 Jul, 2022
Joint Programme
Joint Evaluation
GEF Evaluation
International Financial Institutions
Source of Funding
  • Corporate Outcome and Output

    UNDP Strategic Plan 2018-2021

Output 1.4.1 Solutions scaled up for sustainable management of natural resources, including sustainable commodities and green and inclusive value chains

Goal 1. End poverty in all its forms everywhere

Goal 17. Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development

1.a Ensure significant mobilization of resources from a variety of sources, including through enhanced development cooperation, in order to provide adequate and predictable means for developing countries, in particular least developed countries, to implement programmes and policies to end poverty in all its dimensions

17.16 Enhance the Global Partnership for Sustainable Development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology and financial resources, to support the achievement of the Sustainable Development Goals in all countries, in particular developing countries

17.9 Enhance international support for implementing effective and targeted capacity-building in developing countries to support national plans to implement all the Sustainable Development Goals, including through North-South, South-South and triangular cooperation

1: Others