Regional: Remittances and Poverty in Central Asia

Sovereign Project | 40038-012

Summary

The objective of the TA is to improve the knowledge of remittance flows and their effects on poverty in individual Central Asian and South Caucasian countries covered by the TA, and the region as a whole. To achieve this objective, the TA will produce the following outputs:

1. A regional report on the financial sector and remittances in Central Asia and South Caucasus; and

2. A regional report on remittances and poverty in Central Asia and South Caucasus.

The reports will inform policy-makers in Central Asia and South Caucasus and help ADB develop public and private sector projects aimed at facilitating formal remittance inflows to the region, directing them to productive investments, and increasing their positive effects on financial sector development and poverty reduction.

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Project Name Remittances and Poverty in Central Asia
Project Number 40038-012
Country Regional
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 6315-REG: Remittances and Poverty in Central Asia
Technical Assistance Special Fund US$ 300,000.00
Poverty Reduction Fund US$ 1.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Partnerships
Private sector development
Sector / Subsector

Public sector management - Economic affairs management

Gender Equity and Mainstreaming No gender elements
Description

The objective of the TA is to improve the knowledge of remittance flows and their effects on poverty in individual Central Asian and South Caucasian countries covered by the TA, and the region as a whole. To achieve this objective, the TA will produce the following outputs:

1. A regional report on the financial sector and remittances in Central Asia and South Caucasus; and

2. A regional report on remittances and poverty in Central Asia and South Caucasus.

The reports will inform policy-makers in Central Asia and South Caucasus and help ADB develop public and private sector projects aimed at facilitating formal remittance inflows to the region, directing them to productive investments, and increasing their positive effects on financial sector development and poverty reduction.

Project Rationale and Linkage to Country/Regional Strategy ADB s draft Interim Operational Strategy for Armenia, Country Strategy and Program Update (2006) for Azerbaijan, and Country and Strategy and Program Update (2006-2008) for Azerbaijan identify rural development as priority areas of the bank s operations in these countries. Private sector development for inclusive growth is one of the focal areas of ADB's Country Strategy and Program Update (2006-2008) for Kazakhstan. The bank's Country Strategy and Program (2006-2008) for the Kyrgyz Republic emphasizes investing in agriculture and reforming the financial sector to stimulate domestic savings and investment. The knowledge to be produced by the TA can be useful in directing a greater proportion of remittance inflows to the above countries through official channels, developing remittance-based financial products, increasing remittance-financed private investment, in particular in agriculture, and reducing poverty, especially in rural areas.
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 Armenia, Azerbaijan, Kazakhstan, Kyrgyz Republic and Tajikistan
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 Individual consultants to be recruited.
Responsible ADB Officer Shigeko Hattori
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Regional Cooperation and Operations Coordination Div, CWRD
Executing Agencies
Asian Development BankBetty Wilkinsonbwilkinson@adb.org6 ADB Avenue, Mandaluyong City 1550, Philippines
Timetable
Concept Clearance 10 Mar 2005
Fact Finding 09 Dec 2005 to 23 Dec 2005
MRM -
Approval 07 Apr 2006
Last Review Mission -
PDS Creation Date 28 Feb 2006
Last PDS Update 18 Feb 2008

TA 6315-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
07 Apr 2006 - 07 Apr 2006 31 Mar 2008 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
300,000.00 1,000,000.00 0.00 0.00 0.00 0.00 1,300,000.00 07 Apr 2006 1,142,746.14

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.


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