Regional: Enhancing Financial Disclosure Standards in Armenia, Azerbaijan, and Georgia

Sovereign Project | 41648-012 Status: Closed


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Project Name Enhancing Financial Disclosure Standards in Armenia, Azerbaijan, and Georgia
Project Number 41648-012
Country Regional
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 6505-REG: Enhancing Financial Disclosure Standards in Armenia, Azerbaijan, and Georgia
Investment Climate Facilitation Fund under the Regional Cooperation and Integration Financing Partnership Facility US$ 600,000.00
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Finance sector development

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

Project Outcome

Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location The 3 countries identified are: Armenia, Azerbaijan, and Georgia.

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 The TA will require 24 person-months of consulting services between April and October 2009. The international consultant will be the team leader and accountant. The national consultants will be accountants, one from each country. The four consultants will be assisted by counterpart staff from the three countries' IAs. The IAs' counterpart staff will guide the consultants' research, facilitate access to relevant government and other agencies and officials, and provide necessary information. The three countries' IAs will provide the team leader and the national consultants with office space, furniture, and a telephone line during TA implementation. An international consulting firm will be selected using quality- and cost-based consultant selection and the biodata technical proposal method, in accordance with ADB's Guidelines on the Use of Consultants (2007, as amended from time to time). Selecting a firm for this purpose will facilitate better coordination between the team leader and the three national consultants in the three countries covered. Consultants will procure equipment in accordance with ADB's Procurement Guidelines (2007, as amended from time to time).

Responsible Staff

Responsible ADB Officer Radhakrishna Narasimham
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies
Asian Development Bank
Central and West Asia Department.


Concept Clearance 19 Jun 2008
Fact Finding 10 Mar 2008 to 24 Mar 2008
Approval -
Last Review Mission -
PDS Creation Date 22 Dec 2008
Last PDS Update 07 Oct 2010

TA 6505-REG

Approval Signing Date Effectivity Date Closing
Original Revised Actual
10 Dec 2008 - 10 Dec 2008 31 Oct 2009 31 Oct 2010 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
0.00 600,000.00 0.00 0.00 0.00 0.00 600,000.00 10 Dec 2008 510,760.64
Title Document Type Document Date
Enhancing Financial Disclosure Standards in Armenia Consultants' Reports Dec 2009
Enhancing Financial Disclosure Standards in Armenia Technical Assistance Reports Dec 2008

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

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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