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Financial Management and Analysis of Projects :
2. User Instructions
2.8. Step 3: Project Examination
2.8.1. Project feasibility, as presented
in the consultants' report, is then examined by ADB, first through
a fact-finding mission and then through an appraisal mission2.
The mission teams, in consultation with the government, examine
the project's technical, financial, economic, environmental and
management aspects, and potential social impact. Loan terms and
conditions are discussed. Following the examination at the field,
the appraisal mission team prepares a report and draws up a draft
loan agreement for negotiation. The following table identifies relevant
activities during project examination.
Activity |
Responsibilitya |
Project Typeb |
| Consultants and/ or Financial Analyst |
Executing Agency |
General (All Projects) |
Non-Revenue- Earning |
Revenue-Earning |
Private Sector |
Financial Institution |
| ( i ) Fact-finding Mission |
|
|
|
|
|
|
|
- Review EA/IA financial policies financial management systems, and auditing arrangements and identify deficiencies and corrective actions (OM G2, OM J7 and GP 43)
|
 |
… |
4.2.1, 4.2.4, 4.2.4.4, 4.2.6, 5.3 |
4.2.9 |
4.2.8 |
4.2.8 |
… |
- Review Appraisal Checklist
|
|
… |
3.3 |
7.7 |
7.8 |
7.9 |
7.10 |
|
|
… |
3.7.3 |
… |
… |
… |
… |
- Review RRP (Financial Checklist)
|
|
… |
7.6 |
… |
… |
… |
… |
- Financial Analyst's responsibilities during project appraisal
|
|
... |
4.2.4.2 |
… |
… |
… |
… |
|
|
... |
3.7.4.1 |
… |
… |
… |
… |
( ii ) Management Review Meeting |
|
|
|
|
|
|
|
| ( iii ) Appraisal Mission |
|
|
|
|
|
|
|
- Review EA/IA financial policies and financial management systems and identify deficiencies and corrective actions (OM G2, OM J7 and GP 43)
|
|
… |
4.2.1, 4.2.4, 4.2.4.4, 5.3 |
… |
… |
… |
… |
- Review Appraisal Checklist
|
|
… |
3.3 |
7.7 |
7.8 |
7.9 |
7.10 |
- Update Project Cost Estimates
|
|
|
3.4.3 |
… |
… |
… |
… |
|
|
… |
3.7.3 |
… |
… |
… |
… |
- Review RRP (Financial Checklist)
|
|
… |
7.6 |
… |
… |
… |
… |
- Financial Analyst's responsibilities during project appraisal
|
|
… |
4.2.4.2 |
… |
… |
… |
… |
| ( iv ) Staff Review Committee (SRC) |
|
|
|
|
|
|
|
| ( v ) Board Consideration |
|
|
|
|
|
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a A "" identifies who has the key responsibility each step. "..." indicates "not applicable".
b The section number where the requirements and related guidance can be located is provided in the table. "..." indicates that no information is available, or that the general requirements apply to the project type.
EA = executing agency, IA = implementing agency, RRP = Report and Recommendation of the President |
_________________________
2No separate fact-finding mission will be required if there is sufficient
agreement between ADB and the Government during the project design processes
to permit the preparation of a comprehensive draft RRP for MRM (ADB. 2002.
Business Processes for the Reorganized ADB. para 41.) Furthermore, if a project is adjudged at MRM to be sufficiently prepared
to go directly into loan negotiations, the MRM may decide that: (i) appraisal
has been completed (no further mission is required); and (ii) the SRC meeting
be waived.
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2.7. Step 2: Loan Preparation | Next
2.9. Step 4: Loan Negotiations |
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