Pakistan: Accelerating Economic Transformation Program (Subprogram 2)

Sovereign Project | 42163-023

Summary

To restore the precrisis growth path.

Latest Project Documents


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Project Name Accelerating Economic Transformation Program (Subprogram 2)
Project Number 42163-023
Country Pakistan
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2524-PAK: Accelerating Economic Transformation Program (Subprogram 2)
Ordinary capital resources US$ 350.00 million
Loan 2525-PAK: Accelerating Economic Transformation Program (Subprogram 2)
Asian Development Fund US$ 150.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change
Sector / Subsector Energy - Energy sector development and institutional reform
Public sector management - Economic affairs management - Social protection initiatives
Gender Equity and Mainstreaming
Description To restore the precrisis growth path.
Project Rationale and Linkage to Country/Regional Strategy
Impact Sustained high economic growth
Project Outcome
Description of Outcome Improved prospects for macroeconomic stability and fiscal sustainability
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

A. Immediate distortions removed

1.Targeted safety net programs rolled out for the poor and vulnerable families

2. Market based wheat pricing

3. Past liabilities during FY2009, including all power subsidies, settled and debt restructuring plan implemented

B. Financial intermediation strengthened

4. Prudential regulation and supervision strengthened

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location 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 Loan proceeds will be used to pay for items procured in ADB member countries, other than the items specified in the negative list of ineligible items and imports financed by other bilateral and multilateral sources. The proceeds of the program loan will be disbursed in accordance with the provisions of ADB's simplification of disbursement procedures and related requirements for program loans. Loan proceeds disbursed against imports will require a certificate from the Government stipulating that the value of the total imports of Pakistan, minus its imports from nonmember countries, ineligible imports, and imports financed under other official development assistance, is equal to or greater than the amount of the loan expected to be disbursed during a particular year. ADB reserves the right to audit the use of loan proceeds to verify the accuracy of the Government's certification.
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 FinanceSO_ADB_I@EAD_CC.SDNPK.UNDP.ORGEconomic Affairs Div.
Rm. 308 Block "C" Secretariat Bldg
Islamabad, Pakistan
Timetable
Concept Clearance 10 Jun 2008
Fact Finding 24 Mar 2009 to 28 Mar 2009
MRM 15 Apr 2009
Approval 25 Jun 2009
Last Review Mission -
Last PDS Update 27 Oct 2008

Loan 2524-PAK

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
25 Jun 2009 26 Jun 2009 30 Jun 2009 31 Dec 2009 - 01 Jul 2009
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 350.00 Cumulative Contract Awards
ADB 350.00 25 Jun 2009 350.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 25 Jun 2009 350.00 0.00 100%

Loan 2525-PAK

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
25 Jun 2009 26 Jun 2009 30 Jun 2009 31 Dec 2009 - 01 Jul 2009
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 150.00 Cumulative Contract Awards
ADB 150.00 25 Jun 2009 149.66 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 25 Jun 2009 149.66 0.00 100%

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.


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