China, People's Republic of: Promoting Market Innovation in Developing Social Infrastructure: Old Age Caring

Nonsovereign Project | 45922-012

Summary

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Project Name Promoting Market Innovation in Developing Social Infrastructure: Old Age Caring
Project Number 45922-012
Borrower/Company
Country China, People's Republic of
Location
Approval Number 7949
Type or Modality of Assistance
7949 OTH US$ 900,000 Approved
Strategic Agendas
Drivers of Change
Sector / Subsector Public sector management - Public administration
Gender Equity and Mainstreaming
Responsible ADB Department East Asia Department
Responsible ADB Division Public Mgt, Financial Sector and Regional Coop Division, EARD
Responsible ADB Officer Ahyoung Kim
Project Sponsor(s)
Objectives and Scope
Linkage to Country/Regional Strategy

Consistency with ADB s Strategy 2020: In ADB s Strategy 2020, widening disparities in well-being, demographic shifts, and lack of access to social services have been identified as three out of the nine leading challenges facing the Asia and Pacific Region with profound implications for development. The proposed Project and PPTA embody ADB s Strategy 2020, which has highlighted achieving inclusive and sustainable growth as ADB s key strategic agenda. This requires consistent support to strengthen social infrastructure and social protection to ensure that members of the society can participate in and benefit from growth. Strategy 2020 has also emphasized (i) private sector engagement, (ii) good governance and capacity development, (iii) knowledge solutions, (iv) gender equity, and (v) partnerships as the five drivers of change that will stimulate innovations and synergize resources to better serve our clients in DMCs. These five drivers will be carefully integrated into the design and implementation of the proposed PPTA.

Link to the PRC Country Partnership Strategy (CPS): ADB s CPS for the PRC (currently being developed) focuses on addressing main constraints on attaining sustainable and inclusive growth. The CPS calls for provision of social services as one strategic thrust of ADB s future operation in PRC. Social infrastructure has become increasingly more important and thus of a higher development priority in the PRC when the government has repeatedly emphasized the urgent need for building a people-oriented harmonious society and converting into a balanced and inclusive growth pattern. The PPTA will directly support the implementation of the PRC s Program on Developing Old-age Care Systems during the12th Five-year Period (2011-2015) , which was endorsed by the PRC State Council on 17 August 2011. The proposed Project will be among the first batch of specific actions that will be taken to reinforce the social security system and to accelerate the development of commercialized social service facilities in order to accommodate the increasing needs of the aging population in the PRC.

Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Business Opportunities
Consulting Services A consulting firm with direct expertise in the structure and operation of old-age care systems and extensive experience in business plan development will be recruited to undertake the PPTA using the quality- and cost-based selection method at a ratio of 80:20. The PPTA includes an estimated 12 person-months of international consulting services (Senior Project Development Specialist and Senior Business Development Specialist) and 36 person-months of domestic consulting services (Project Development Specialist, Financial Analysis Specialist, Statisticians/Data Analyst, Economist, Social & Environment Specialist, Project Coordinator).
Timetable for assistance design, processing and implementation
Concept Clearance 31 Oct 2011
Due Diligence
Credit Committee Meeting -
Approval 08 Dec 2011
PDS Creation Date 09 Nov 2011
Last PDS Update 09 Nov 2011

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Safeguard Documents

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Evaluation Documents

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