PROGRAM PERFORMANCE AUDIT REPORT

ASIAN DEVELOPMENT BANK PPA: KAZ 31091 PROGRAM PERFORMANCE AUDIT REPORT ON THE PENSION REFORM PROGRAM (Loan 1589-KAZ) IN KAZAKHSTAN September 2003 CURRENCY EQUIVALENTS Currency Unit – tenge (T) At Appraisal At Project Completion At Operations Evaluation (August 1997) (March 2000) (April 2003) T1.00 = $0.01325 $0.00705 $0.00658 $1.00 = T75.50 T141.89 T152.00 ABBREVIATIONS ADB – Asian Development Bank COS – country operational strategy CRAAPF – Committee for Regulation of Activity of Accumulation Pension Funds GDP – gross domestic product IBRD – International Bank for Reconstruction and Development MLSP – Ministry of Labor and Social Protection MOF – Ministry of Finance NBK – National Bank of Kazakhstan NPA – National Pension Authority NSC – National Securities Commission OEM – Operations Evaluation Mission PAYGO – pay-as-you-go PCR – project completion report PPAR – program performance audit report PRIL – Pension Reform Implementation Loan SAF – State Accumulation Fund SIC – social identification code SPPC – State Pension Payment Center TA – technical assistance USAID – United States Agency for International Development NOTES (i) In this report, "$" refers to US dollars. (ii) The fiscal year (FY) of the Government ends on 31 December. FY before a calendar year denotes the year in which the fiscal year ends. ...