Pakistan: Accelerating Economic Transformation Program

Sovereign Project | 42163-022

Summary

The purpose of the TA is to help the Government in implementing the AETP and to design the reform agenda for subsequent subprograms. It also assisted in monitoring subprogram 1 implementation and provide the Government with timely policy advice as requested.

Latest Project Documents


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 Accelerating Economic Transformation Program
Project Number 42163-022
Country Pakistan
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7137-PAK: Accelerating Economic Transformation Program
Technical Assistance Special Fund US$ 800,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Public sector management - Economic affairs management

Gender Equity and Mainstreaming No gender elements
Description The purpose of the TA is to help the Government in implementing the AETP and to design the reform agenda for subsequent subprograms. It also assisted in monitoring subprogram 1 implementation and provide the Government with timely policy advice as requested.
Project Rationale and Linkage to Country/Regional Strategy ADB has been involved in all the areas covered in the AETP. It has provided extensive support through technical assistance (TA) as well as through loans for financial sector reforms and export competitiveness.
Impact Facilitation of economic transformation in Pakistan.
Project Outcome
Description of Outcome Successful implementation of a slice of reform (i.e., transformation agenda and financial sector development under AETP).
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

1. Implementing structural transformation

1.1. Support to High Level Working Group; coordination with provincial governments; implementation of the action plan

1.2. Short-term investment climate measures (Labor and skills)

1.3. Assessment of policy, tax, and institutional distortions and incentives

2. Financial sector development

2.1. Establishment and roll-out of consolidated supervision

2.2. Non-bank financial sector development to aid structural transformation

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 Extensive consultations were conducted with the Government [including Ministry of Finance (MOF); Ministry of Industries; Ministry of Commerce; Ministry of Food, Agriculture and Livestock; Ministry of Labor, Manpower and Overseas Pakistanis; State Bank of Pakistan; Planning Commission; Board of Investment; Privatization Commission; Engineering Development Board, Pakistan Bait-ul-Mal and the Prime Minister's Secretariat responsible for the Benazir Income Support Program] private sector (including ABN/AMRO, KPMG, McKinsey) and other development partners (including IMF and World Bank).
During Project Implementation The Ministry of Finance (MOF) is the executing agency (EA) for the TA. MOF was consulted in the engagement of all consultants under the TA. The TA also organized workshops and seminars with the State Bank of Pakistan and the Securities and Exchange Commission of Pakistan.
Business Opportunities
Consulting Services Under the Structural Transformation component, the TA engaged 14.4 person-months (PMs) of international and 37.5 PMs of local consultants. Under the Energy Sector component, the TA engaged 3.7 PMs of international and 6.7 PMs of local consultants.
Responsible ADB Officer Debra J. Kertzman
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies
Ministry of FinanceEconomic Affairs Div.
Rm. 308 Block "C" Secretariat Bldg
Islamabad, Pakistan
Timetable
Concept Clearance 10 Jun 2008
Fact Finding 08 May 2008 to 23 May 2008
MRM -
Approval 30 Sep 2008
Last Review Mission -
PDS Creation Date 03 Oct 2008
Last PDS Update 04 Apr 2011

TA 7137-PAK

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
30 Sep 2008 27 Nov 2008 27 Nov 2008 30 Sep 2010 31 Dec 2010 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
800,000.00 0.00 240,000.00 0.00 0.00 0.00 1,040,000.00 30 Sep 2008 638,243.15

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.


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.