Maldives: Economic Recovery Program (formerly Public Resource Management Reform Program)

Sovereign Project | 39658-013 Status:

Summary

ADB is supporting the Maldives government's reforms to restore its ailing economy to sustainable growth. The program will help the government diversify the tax base to boost revenue collection, better manage public spending by aligning it with available resources, privatize state-owned enterprises, strengthen internal audit, and improve debt management.

Latest Project Documents

Consulting Notices See also: CMS

No notices are currently available for this project.

Procurement Notices See also: Operational Procurement

No notices are currently available for this project.

Procurement Documents

Title Date
Proposed Program Loan Nov 2009

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.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

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.

 
Project Name Economic Recovery Program (formerly Public Resource Management Reform Program)
Project Number 39658-013
Country Maldives
Project Status
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2597-MLD: Economic Recovery Program (formerly Public Resource Management Reform Program)
Asian Development Fund US$ 35.00 million
Loan 2598-MLD: Economic Recovery Program (Capacity Development for Economic Recovery Project) - TA Loan
Asian Development Fund US$ 1.50 million
TA 7424-MLD: Economic Recovery Program (formerly Public Resource Management Reform Program)
Technical Assistance Special Fund US$ 3.00 million
Technical Assistance Special Fund US$ 225,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change
Sector / Subsector

Public sector management - Economic affairs management - Public administration - Public expenditure and fiscal management - Reforms of state owned enterprises

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

Loan 2597 and 2598 were closed on 11 and 18 December 2012 respectively.

TA 7424-MLD is ongoing.

Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)

Loan 2597 and 2598 were closed on 11 and 18 December 2012 respectively.

TA 7424-MLD is ongoing.

Geographical Location Maldives

Summary of Environmental and Social Aspects

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

Business Opportunities

Consulting Services L2598 (TA loan) will require under Component 1, a consulting firm consisting of 7 experts (5 international, 2 national), for 23 person-months and three individual experts (international) for 12 person months. TA 7424 (TA grant) will require three consulting firms (one with 5 international experts, another with two international experts and the last one with two international experts) for 60 person-months and three individual (international) experts for 21 person-months. The increase of $225,000 in TA 7424 (TA Grant) will be used to recruit 4 international experts for 9 person months and 1 national expert for 4 person months. Consultants to be financed will be recruited in accordance with ADB's Guidelines on the Use of Consultants (2007, as amended from time to time). Consultancy contract packages using the quality- and cost-based selection method and consultants qualifications selection will be used to recruit consultants, based on technical proposals, for specific subcomponents under the TA.
Procurement Procurement of any goods or services shall be carried out in accordance with ADB's Procurement Guidelines (2007, as amended from time to time). Goods such as equipment or training material will be purchased using shopping procedures.

Responsible Staff

Responsible ADB Officer Syed Shah
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
Ministry of Finance and Treasury
Ms. Aminath Malik
aminath.ali@finance.gov.mv
Ameenee Magu, Male 20379, Republic of Maldives

Timetable

Concept Clearance -
Fact Finding -
MRM -
Approval -
Last Review Mission -
PDS Creation Date 07 Apr 2010
Last PDS Update 16 Sep 2014

Loan 2597-MLD

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
09 Dec 2009 18 Mar 2010 08 Jun 2010 31 Dec 2012 - 11 Dec 2012
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 119.60 Cumulative Contract Awards
ADB 35.00 09 Dec 2009 33.06 0.00 100%
Counterpart 84.60 Cumulative Disbursements
Cofinancing 0.00 09 Dec 2009 33.06 0.00 100%

Loan 2598-MLD

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
09 Dec 2009 18 Mar 2010 08 Jun 2010 31 Dec 2012 - 18 Dec 2012
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 1.80 Cumulative Contract Awards
ADB 1.50 09 Dec 2009 0.00 0.00 0%
Counterpart 0.30 Cumulative Disbursements
Cofinancing 0.00 09 Dec 2009 0.00 0.00 0%

TA 7424-MLD

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
09 Dec 2009 03 Mar 2010 03 Mar 2010 31 Dec 2012 30 Jun 2014 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
3,225,000.00 0.00 0.00 0.00 0.00 0.00 3,225,000.00 09 Dec 2009 3,165,215.17
Title Document Type Document Date
Institutional Strengthening for Economic Management: Technical Assistance Completion Report TA Completion Reports Jun 2015
Institutional Strengthening for Economic Management - Office of Programmes and Projects' Project Database Development: Consultant's Report Consultants' Reports Jun 2014
Institutional Strengthening for Economic Management - SAP AIS (Audit Information System) Implementation for the Ministry of Finance and Treasury: Consultant's Final Report Consultants' Reports Jun 2014
Institutional Strengthening for Economic Management - Building Stronger Foundations (PWC Final Report): Consultant's Report Consultants' Reports Jun 2014
Institutional Strengthening for Economic Management - Enhancement of Ministry of Finance and Treasury's Accounting and Reporting Systems: Consultant's Final Report Consultants' Reports Feb 2014
Economic Recovery Program Project/Program Completion Reports Sep 2013
Institutional Strengthening for Economic Management - Support to Maldives Inland Revenue Authority: Consultant's Final Report Consultants' Reports Jun 2013
Institutional Strengthening for Economic Management - Office of Programmes and Projects Capacity Building on Portfolio, Programme, Project Management (PPPM): Consultant's Final Report Consultants' Reports Feb 2013
Institutional Strengthening for Economic Management - Ministry of Finance and Treasury Internal Audit Project (August-October 2012): Consultant's Final Report Consultants' Reports Oct 2012
Economic Recovery Program (Second Tranche) Progress Reports on Tranche Releases Sep 2012
Loan Agreement (Special Operations) for Economic Recovery Program between Republic of Maldives and Asian Development Bank dated 18 March 2010 Loan Agreement (Special Operations) Mar 2010
Loan Agreement (Special Operations) for Capacity Development for Economic Recovery Project between Republic of Maldives and Asian Development Bank dated 18 March 2010 Loan Agreement (Special Operations) Mar 2010
Economic Recovery Program Reports and Recommendations of the President Nov 2009
Proposed Program Loan Procurement Plans Nov 2009
Public Resource Management Reform Program Design and Monitoring Frameworks Jun 2006

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.

Evaluation Documents See also: Independent Evaluation

Title Document Type Document Date
Maldives: Economic Recovery Program Validations of Project Completion Reports Nov 2014

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.

Requests for information may also be directed to the InfoUnit.