The audit conducted by the Chamber of Accounts in the first quarter of 2026 revealed a number of systemic issues in this major project.

The project is planned for 2022–2026, with a total value of USD 246.8 million, of which USD 200 million is financed through a World Bank loan.

To date, USD 126.9 million has been allocated to various areas, including lending, guarantees, business incubation, and support for women’s entrepreneurship.

Positive results achieved include:

• 2,865 subprojects financed and 4,910 new jobs created;

• 21 business incubators and mentoring centers established;

• over 1,600 women trained in entrepreneurship;

• guarantees exceeding UZS 645 billion provided to entrepreneurs.

However, the audit identified several issues negatively affecting efficiency:

USD 30.7 million allocated to commercial banks remains undistributed for 3.5 years;

USD 3.6 million in 18 subprojects was misused;

Out of 528 projects, 32 (USD 6.8 million) are not operational, and 5 have stopped;

In business incubation:

– over 50% of funds (USD 2.9 million) remain unused;

– only 3 out of 10 contracts signed due to delays;

Monitoring platform implementation remains incomplete;

Only 16% of planned 10,000 women trained; grants not provided;

No funds allocated for green technologies;

Weak management and lack of qualified staff.

Recommendations include:

• reallocating idle funds;

• strengthening management;

• launching digital monitoring;

• introducing KPI-based evaluation;

• accelerating women entrepreneurship and green initiatives.

Conclusion: The project has significant economic and social importance, and implementing recommendations will improve its effectiveness.