Pakistan: Improving Access to Financial Services (Phase I) Program

Sovereign Project | 39492-013 Status: Closed

Summary

ADB is supporting Pakistan’s efforts to improve the poor’s access to wider financial services. The project will help improve the efficiency of the financial sector, promote diversification and innovation in product and service delivery, and increase outreach in rural and remote areas. It will also support a wider range of financial products, including those that are Sharia (Islamic Law) compliant.

Latest Project Documents


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Project Name Improving Access to Financial Services (Phase I) Program
Project Number 39492-013
Country Pakistan
Project Status Closed
Project Type / Modality of Assistance Loan
Technical Assistance
Source of Funding / Amount
TA 4894-PAK: Improving Access to Financial Services
Japan Special Fund US$ 2.00 million
Loan 2291-PAK: Improving Access to Financial Services (Phase I) Program
Ordinary capital resources US$ 300.00 million
Loan 2292-PAK: Improving Access to Financial Services (Phase I) Program
Asian Development Fund US$ 20.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Finance sector development

Gender Equity and Mainstreaming No gender elements
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Project Outcome

Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Islamic Republic of Pakistan

Safeguard Categories

Environment C
Involuntary Resettlement C
Indigenous Peoples C

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation

Business Opportunities

Consulting Services Not applicable
Procurement In accordance with the simplified Disbursement Procedures and Related Requirements for Program Loans, procurement of goods and services produced in and originating from ADB's member countries will be made with due consideration to economy and efficiency in accordance with standard Pakistan public sector procedures and normal private sector commercial practices acceptable to ADB.

Responsible Staff

Responsible ADB Officer Nicholas Knoll
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies
Ministry of Finance
Mr. Muhammad Iqbal Hussain
inv@isb.comsats.net.pk
Ministry of Finance

Timetable

Concept Clearance 30 Jun 2005
Fact Finding 04 Jul 2006 to 20 Jul 2006
MRM 11 Oct 2006
Approval -
Last Review Mission -
PDS Creation Date 01 Mar 2006
Last PDS Update 16 Apr 2010

Loan 2291-PAK

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
14 Dec 2006 20 Dec 2006 10 Jan 2007 31 Dec 2008 - 27 Jun 2008
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 300.00 Cumulative Contract Awards
ADB 300.00 14 Dec 2006 300.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 14 Dec 2006 300.00 0.00 100%

Loan 2292-PAK

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
14 Dec 2006 20 Dec 2006 10 Jan 2007 31 Mar 2007 - 12 Jan 2007
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 20.00 Cumulative Contract Awards
ADB 20.00 14 Dec 2006 20.08 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 14 Dec 2006 20.08 0.00 100%

TA 4894-PAK

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
13 Dec 2006 29 Dec 2006 29 Dec 2006 31 Mar 2009 30 Sep 2009 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
2,000,000.00 0.00 0.00 0.00 0.00 0.00 2,000,000.00 13 Dec 2006 1,957,653.81

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Related Publications

None currently available.


The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

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