China, People's Republic of: Public Finance and Financial Management Reforms

Sovereign Project | 45501-001 Status: Approved


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Project Name Public Finance and Financial Management Reforms
Project Number 45501-001
Country China, People's Republic of
Project Status Approved
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7896-PRC: Public Finance and Financial Management Reforms
Technical Assistance Special Fund US$ 1.20 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Finance sector development - Insurance and contractual savings - Money and capital markets

Public sector management - Decentralization - Economic affairs management - Public expenditure and fiscal management

Gender Equity and Mainstreaming No gender elements
Project Rationale and Linkage to Country/Regional Strategy
Impact Increased fiscal effectiveness at the national and sub-national level
Project Outcome
Description of Outcome Deepened financial management reform at the national and sub-national level
Progress Toward Outcome The TA is in the final stages of implementation and is on track to achieve the target outcome.
Implementation Progress
Description of Project Outputs

1. Framework for improved fiscal policy for emergency management

2. Framework for improved social insurance fund management

3. Study on the development local government of bond market

4. Support for Leading Accounting Talent Project

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

All technical reports required under output 1 have been completed, and a draft final report was submitted in December 2014. The final report should be available by April 2015, which will include lessons from the management of earthquakes in Yunnan and Sichuan in the second half of 2014. A study tour will be conducted soon. This tour has been rescheduled twice given other pressing commitments of the Emergency and Coordination Office.

All activities and reports required under Output 2 and 3 have been completed. The final and technical reports were submitted in November 2014 and are available on ADB's website.

The draft final report required under Output 4 has been submitted. A final Report incorporating comments from the international consultant is scheduled for October 2015.

The TA has been extended to allow additional work under output 3 on the issuance of the PRC's first local government revenue bonds. Final reports are scheduled for October 2015.

Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design The Ministry of Finance was actively engaged in the design of the TA project.
During Project Implementation The implementing agencies of the Ministry of Finance have been actively involved in TA implementation and led major workshops.
Business Opportunities
Consulting Services The TA will engage a team of four international consultants to provide six person-months of advisory services and 16 domestic experts to provide 101 person-months of services.
Responsible ADB Officer Craig Sugden
Responsible ADB Department East Asia Department
Responsible ADB Division Public Mgt, Financial Sector and Regional Coop Division, EARD
Executing Agencies
Ministry of Finance
Sanlihe, Xicheng District
People's Republic of China
Concept Clearance 29 Apr 2011
Fact Finding 03 May 2011 to 09 May 2011
Approval 20 Oct 2011
Last Review Mission -
Last PDS Update 17 Sep 2015

TA 7896-PRC

Approval Signing Date Effectivity Date Closing
Original Revised Actual
20 Oct 2011 20 Dec 2011 20 Dec 2011 31 Dec 2013 24 Nov 2015 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,200,000.00 0.00 200,000.00 0.00 0.00 0.00 1,400,000.00 20 Oct 2011 888,014.56

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