China, People's Republic of: Improvement of Fiscal Management and Accounting Services Supervision

Sovereign Project | 46022-001

Summary

The policy and advisory technical assistance will assist the Government of PRC in (i) improving its fiscal management through strengthening asset management; (ii) establishing a public finance support system for the stringent water resource management system; and (iii) developing policies to strengthen the market and competitiveness of its accounting service industry. For each of the three components, the TA will conduct an international case study to learn lessons from countries that already have developed good practices. Based on results from international studies and review of the national situation, the TA will develop policy recommendations for each component. Finally, the TA will also arrange various opportunities for staff capacity development such as international seminars and overseas study tours

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Project Name Improvement of Fiscal Management and Accounting Services Supervision
Project Number 46022-001
Country China, People's Republic of
Project Status Approved
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8192-PRC: Improvement of Fiscal Management and Accounting Services Supervision
Technical Assistance Special Fund US$ 750,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Public sector management - Public expenditure and fiscal management

Gender Equity and Mainstreaming
Description The policy and advisory technical assistance will assist the Government of PRC in (i) improving its fiscal management through strengthening asset management; (ii) establishing a public finance support system for the stringent water resource management system; and (iii) developing policies to strengthen the market and competitiveness of its accounting service industry. For each of the three components, the TA will conduct an international case study to learn lessons from countries that already have developed good practices. Based on results from international studies and review of the national situation, the TA will develop policy recommendations for each component. Finally, the TA will also arrange various opportunities for staff capacity development such as international seminars and overseas study tours
Project Rationale and Linkage to Country/Regional Strategy
Impact Improved effectiveness of government fiscal management related to public asset and water resource management, and strengthened competitiveness of accounting services
Project Outcome
Description of Outcome Improved public asset management, adoption of water resource management, and improved international standards of accounting services
Progress Toward Outcome TA implementation is on going and is on track to achievement of the target outcome.
Implementation Progress
Description of Project Outputs

1. Study for strengthening the integration of public asset management and budget management

Report on reforming public asset management

Report on developing an information system for effective public asset management

Report on integrating public asset management and budget management

2. Public finance policy framework for water resource management:

Report on the public finance policy framework for water resource management

3. Support for development of accounting services:

Report on opening of accounting services

Report on strengthening the competitiveness of accounting services

Report on promoting international cooperation in supervision and market development in accounting services

4. Knowledge products for researchers and senior policymakers and decision makers

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

Output 1 completed their inception report on October 2014 and submitted the interim report on March 2014. A draft final report and a draft technical reports is expected to be submitted by May 2015.

Output 2 has submitted an inception report in November 2014. A study tour was held in the USA and Canada in January 2015. A draft policy framework is expected to be submitted by June 2015.

Output 3 Interim workshop was held last 16-18 Jan 2015 in Harbin and an interim report was submitted in March 2015. Upcoming activities and deliverables of the TA include the conduct of an international workshop in April 2015, and submission of draft final report by May 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 involved in project preparation.
During Project Implementation

The implementing agencies of the Ministry of Finance was actively engaged in the selection of consultants.

A consultation mission in March 2013 reaffirmed the relevance of the technical assistance design and the importance of the outputs. The ADB project team has since been in frequent contact with the implementing agency and consultants on TA activities and deliverables so as to ensure the timely completion of the TA by October 2015.

Business Opportunities
Consulting Services The TA will engage four international consultants and ten national consultants for a total of 57 person months. Activities are expected to commence on 1 September 2012 and be completed by 31 August 2014. International and national consultants will be recruited as individuals considering the diversity of TORs. The consultants will be engaged by ADB in accordance with the Guidelines on the Use of Consultants (2010, as amended from time to time). The proceeds of the TA will be disbursed in accordance with Technical Assistance Disbursement Handbook (May 2010, as amended from time to time).
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 FinanceSanlihe, Xicheng District
Beijing,100820
People's Republic of China
Timetable
Concept Clearance 11 Jul 2012
Fact Finding 16 Jul 2012 to 18 Jul 2012
MRM -
Approval 15 Oct 2012
Last Review Mission -
Last PDS Update 30 Mar 2015

TA 8192-PRC

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
15 Oct 2012 28 Dec 2012 28 Dec 2012 31 Oct 2014 31 Oct 2015 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
750,000.00 0.00 0.00 0.00 0.00 0.00 750,000.00 15 Oct 2012 453,162.67

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