Project Data Sheet

Project Data Sheets (PDS) contain summary information on the project or program: Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

PDS Creation Date 23 Sep 2013
PDS Updated as of 28 Apr 2014

Project Name PAK: RURAL FINANCIAL INCLUSION AND DAIRY GROWTH FACILITY
Borrower/Equity Investment Name RFI & DAIRY GROWTH FACILITY
Country Pakistan
Project/Program Number 46923-014
Status Proposed
Geographical Location
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
Sector and/or Subsector Classification Agriculture, natural resources and rural development
/ Agricultural Production and Markets
Strategic Agendas
Drivers of Change
Gender Mainstreaming Categories

Financing

Type/Modality of Assistance Approval Number Source of Funding Approved Amount (thousand)
PS7393Partial Credit Guarantee
(Documents under Negotiations)
35,000
TOTAL USD 35,000

Summary of Environmental and Social Issues

none so far

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples

Stakeholder Communication, Participation and Consultation

will be cariied out by the client

During Project Design
During Project Implementation

Description

1

Objectives and Scope

PAK: RURAL FINANCIAL INCLUSION AND DAIRY GROWTH FACILITY

Project Rationale and Linkage to Country/Regional Strategy

The Facility supports the development objectives of the government, which include finance for development. The country partnership strategy (CPS) for Pakistan (2009-2013) emphasizes the need for reforms, including measures to improve productivity in agriculture and promoting the private sector. CPS consultations with stakeholders highlight the importance of the private and financial sector, and the need for improving financial inclusion, especially in rural areas. More commercial financial services will capture essential qualitative growth opportunities in neglected regions, and encourage sound risk management. Recent IMF and World Bank reports highlight the farmers inadequate access to finance. Capital support via the partnership of banks and agribusiness present a good opportunity for ADB s private sector operations. The Facility would be the first private sector transaction in Pakistan s agriculture sector. The Facility is consistent with ADB s financial sector operational plan and the 2007 report of the Working Group on Rural Poverty, which underscores the importance of rural finance and promotes financial inclusion of underserved poor households, and farmers.

Outputs and Implementation Progress

Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Status of Development Objectives
N/A
Material Changes
none

Business Opportunities

Date of First Listing
Consulting Services
Procurement
Procurement and Consulting Notices
http://www.adb.org/projects/46923-014/business-opportunities

Timetable

Concept Clearance 20 Aug 2012
Fact-finding
Management Review Meeting 20 Sep 2013
Approval 29 Oct 2013
Last Review Mission – to 23 Aug 2013

Milestones

Approval No. Approval Signing Effectivity Closing
Original Revised Actual
Private Sector 7393 29 Oct 2013

Contacts and Update Details

Responsible ADB Officer Rainer Hartel (rhartel@adb.org)
Responsible ADB Department Private Sector Operations Department
Responsible ADB Divisions Private Sector Financial Institutions Division
Executing Agencies

Links

Project Website http://www.adb.org/projects/46923-014/main
List of Project Documents http://www.adb.org/projects/46923-014/documents