Enterprise Institution Building Project

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The Enterprise Institution Building Project 1) helps accelerate Uzbekistan's reform efforts in the enterprise sector; 2) facilitates the development and growth of a highly qualified domestic consulting industry; 3) supports the efficient and transparent privatization of larger state enterprises; and 4) further develops capital markets. There are three components. Component 1, Post-Privatization Advisory Services, carries out diagnostic studies of enterprises that are candidates for financial assistance; prepares terms of reference for subsequent assistance, relating to rehabilitating and restructuring enterprises, including developing marketing strategy and quality management systems, providing partner search, and upgrading products to international standards, as well as implementing modern accounting, financial, and commercial management systems; and procures advisory services from outside consultants. Component 2, Case-by-Case Privatization, establishes an independent bureau to conduct transparent privatization of larger state enterprises. Component 3, Capital Markets Development, 1) helps develop the Securities Center, improving securities market regulation and investor protection; 2) bolsters the Stock Exchange and over-the-counter market participants to assist in supporting secondary trade in securities; 3) technically upgrades the National Depository; and 4) establishes the Securities Center as training coordinator for all market participants.