Project Data Sheet
Project 46372-001
Project Data Sheet
Project 46372-001
| Project Name | Support for Myanmar's Reforms for Inclusive Growth | ||||
| Project Number | 46372-001 | ||||
| Country / Economy | Myanmar |
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| Project Status | Closed | ||||
| Project Type / Modality of Assistance | Loan |
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| Source of Funding / Amount |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Governance and capacity development Private sector development |
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| Sector / Subsector | Public sector management / Economic affairs management |
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| Gender | |||||
| Description | The policy-based loan will support Myanmar's re-engagement with global markets through key reform priorities aimed at generating broad-based, sustainable and inclusive economic growth. The reform priorities include transformational changes to macroeconomic policy institutions, first steps to enhance transparency and integrity in tax administration and public financial management (PFM) for better service delivery, business climate reforms, and trade liberalization. Reform priorities also include efforts to provide the foundation for promoting inclusive growth through human capital development and initiating market-based incentives for raising farm productivity and incomes. | ||||
| Project Rationale and Linkage to Country/Regional Strategy | The government has made re-engagement with the global community a central tenet of its reform program. This re-engagement has come about in the context of economic reforms precipitated by historic political reforms including steps towards more democratic political institutions. Initiating a framework for a more permanent peace in subnational conflict regions is also central to the government's political and economic reforms. | ||||
| Impact | Improved inclusive growth | ||||
| Project Outcome | |
|---|---|
| Description of Outcome | Strengthened policy frameworks in selected sectors (macro, trade, finance, investment, agriculture, education) |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | 1. Fiscal sustainability and macro economic stability improved 2. Investment, trade and financial sector integration improved. 3. Rural development for inclusive growth stimulated |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | Nation-wide |
| Safeguard Categories | |
|---|---|
| Environment | C |
| Involuntary Resettlement | C |
| Indigenous Peoples | C |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | The design of the PBL and P3F reflect the unique features of Myanmar's re-engagement with ADB, Government of Japan (GOJ), IMF, World Bank and other major development partners in two respects. First, the proposed PBL, in addition to the GOJ policy loan and WB's development policy operation (DPO) support the government's re-engagement program after debt arrears have been cleared with development partners thereby allowing for full resumption of operations. Second, as expected in the early stages of re-engagement, the government's reform agenda is still crystallizing and the benefits are only likely to show up in the medium to long term. |
| During Project Implementation | The policy-based loan covers policy reform accomplishments from August 2011 to December 2012. The P3F covers measures to be implemented from January 2013 to December 2014, which is aligned to the interim CPS period. MOFR will be the executing agency for the PBL and will be responsible for the overall coordination of the P3F and medium-term results framework. It has set up a PBL Steering Committee to oversee coordination and would meet on a quarterly basis. |
| Responsible ADB Officer | Hauber, Grant |
| Responsible ADB Department | Southeast Asia Department |
| Responsible ADB Division | Public Management, Financial Sector and Trade Division, SERD |
| Executing Agencies |
Ministry of Planning, Finance and Industry (formerly Ministry of Planning and Finance) [email protected] Building No 26. Nay Pyi Taw Republic of the Union of Myanmar |
| Timetable | |
|---|---|
| Concept Clearance | 16 Aug 2012 |
| Fact Finding | 10 Sep 2012 to 14 Sep 2012 |
| MRM | 05 Oct 2012 |
| Approval | 14 Jan 2013 |
| Last Review Mission | - |
| Last PDS Update | 30 Sep 2013 |
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 14 Jan 2013 | 14 Jan 2013 | 17 Jan 2013 | 31 Mar 2013 | - | 18 Jan 2013 |
| Financing Plan | Loan Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 575.50 | Cumulative Contract Awards | |||
| ADB | 575.50 | 17 Jun 2022 | 511.53 | 0.00 | 100% |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 0.00 | 17 Jun 2022 | 511.53 | 0.00 | 100% |