Regional: Improving the Financial Management Capacity of Executing Agencies in Afghanistan and Pakistan

Sovereign Project | 46539-001 Status: Active

Summary

Currently, ADB receives annually an average of 120 audited project financial statements and audited financial statements from executing agencies implementing ADB-financed projects in Afghanistan and Pakistan. The quality and timeliness of audited project financial statements is a major concern. The project financial statement is often presented in a nonstandard form and is inconsistent among executing agencies. The project financial statements for ADB-financed projects are generally prepared in accordance with cash basis International Public Sector Accounting Standards (IPSAS).

The TA aims to enhance awareness and strengthen knowledge on international accounting and auditing standards and practices to improve financial reporting and auditing for ADB funded projects in Afghanistan and Pakistan.

Latest Project Documents

Consulting Notices See also: CMS

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Procurement Documents

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Project Name Improving the Financial Management Capacity of Executing Agencies in Afghanistan and Pakistan
Project Number 46539-001
Country Regional
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8697-REG: Improving the Financial Management Capacity of Executing Agencies in Afghanistan and Pakistan
Technical Assistance Special Fund US$ 500,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Public sector management - Public expenditure and fiscal management

Gender Equity and Mainstreaming No gender elements
Description
Project Rationale and Linkage to Country/Regional Strategy

Currently, ADB receives annually an average of 120 audited project financial statements and audited financial statements from executing agencies implementing ADB-financed projects in Afghanistan and Pakistan. The quality and timeliness of audited project financial statements is a major concern. The project financial statement is often presented in a nonstandard form and is inconsistent among executing agencies. The project financial statements for ADB-financed projects are generally prepared in accordance with cash basis International Public Sector Accounting Standards (IPSAS).

The TA aims to enhance awareness and strengthen knowledge on international accounting and auditing standards and practices to improve financial reporting and auditing for ADB funded projects in Afghanistan and Pakistan.

Impact Improved financial management compliance across all ADB-financed projects in Afghanistan and Pakistan

Project Outcome

Description of Outcome Improved financial management of ADB-financed projects during project implementation in Afghanistan and Pakistan
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

1. Improved quality of project financial statements

2. Improved quality of audit reports

3. Country project financial management manuals

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

Output 1: ADB conducted financial management training in Bhurban, Pakistan 25-28 August 28 and in Kabul, Afghanistan 2-4 November 2015

Output 2: Audit training was conducted from 9-12 June 2015, Bhurban, Pakistan

Output 3: Implementation is on track

Geographical Location Pakistan,Afghanistan

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design ADB's Central and West Asia Department (CWRD) conducted consultations in the second half of 2013 on financial management matters of ADB-financed projects in CWRD's developing member countries. As a result of those consultations, the technical assistance (TA) focuses on two countries in immediate needs Afghanistan and Pakistan. The fact-finding in these two countries took place in February and May 2014.
During Project Implementation

ADB fielded mission and periodical meetings with Economic Affairs Division (EAD), Department Auditor General of Pakistan, Implementing Agencies and TA steering committee.

Implementation is on track.

Business Opportunities

Consulting Services

A consulting firm in accounting and auditing has been hired to (i) provide support to executing agencies or implementing agencies in preparing project financial statements in accordance with cash basis International Public Sector Accounting Standards (IPSAS), thereby improving project financial management efficiency; and (ii) develop the financial management manuals for Afghanistan and Pakistan. Team members assigned by the firm shall have a university degree in accounting or finance (preferably postgraduate level) and be a certified public accountant, chartered accountant, or a member of the Association of Chartered Certified Accountants.

(i) International expert, team leader (4 person-months)

(ii) National expert assigned for Pakistan, team member (7 person-months)

(iii) National expert assigned for Afghanistan, team member (7 person-months)

Responsible Staff

Responsible ADB Officer Diep Pham
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Energy Division, CWRD
Executing Agencies
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines

Timetable

Concept Clearance 30 May 2013
Fact Finding 27 May 2013 to 07 May 2014
MRM -
Approval 12 Aug 2014
Last Review Mission -
Last PDS Update 05 May 2016

TA 8697-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
12 Aug 2014 - 12 Aug 2014 30 Jun 2017 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
500,000.00 0.00 0.00 0.00 0.00 0.00 500,000.00 12 Aug 2014 189,713.26

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

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Related Publications

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