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

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

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

All technical reports required under output 1 were completed. The final report included lessons from the management of earthquakes in Yunnan and Sichuan in the second half of 2014.

All activities and reports required under Output 2 and 3 were completed. The final and technical reports are available on ADB's website.

The final report required under Output 4 was submitted.

The TA was extended to allow additional work under output 3 on the issuance of the PRC's first local government revenue bonds. Final reports were delivered on schedule in 2015.

The TA's final review found the TA identified key policy and operational principles and provided background material that deepened the understanding of key issues. This enhanced understanding was then successfully applied to prepare policy guidance, regulations etc that implemented recent reform initiatives. TA deliverables provided the foundation of policy statements, regulations, pilot projects, and knowledge products (e.g., journal articles).

The use of national consultants already active in the subject area helped ensure close links to the IAs, and a solid understanding of PRC's special circumstances. The motivation of consultants to deliver good work with a tangible impact was evident.

The final review confirmed that material prepared by international consultants on the international experience was used successfully by national consultants to provide insights relevant to the PRC.