Project Data Sheet
Project 50204-001
Project Data Sheet
Project 50204-001
| Project Name | Supporting Public Financial Management (Phase 3) | ||||||||
| Project Number | 50204-001 | ||||||||
| Country / Economy | Papua New Guinea |
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| Project Status | Closed | ||||||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Governance and capacity development Knowledge solutions Partnerships Private sector development |
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| Sector / Subsector | Public sector management / Economic affairs management - Public expenditure and fiscal management |
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| Gender | No gender elements | ||||||||
| Description | |||||||||
| Project Rationale and Linkage to Country/Regional Strategy | |||||||||
| Impact | 1.Fiscal policy and budgeting discipline prudentially managed 2.High standards of public sector management in all levels and institutions of government attained |
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| Project Outcome | |
|---|---|
| Description of Outcome | Fiscal position in PNG is improved |
| Progress Toward Outcome | 1. A consultant (Public Finance Economist) was successfully recruited under this TA, engaged on a 12 month period, and extended for 6 months, with the contract ending on 4 September 2018. The consultant was providing technical support to the Department of Treasury. 2. Further recruitment of consultants is in progress for the following positions: - Public Finance Economist - Budget Advisor - Procurement Specialist- Budget documents reviewed - Treasury department supported in fiscal and budget analysis and macroeconomic analysis |
| Implementation Progress | |
| Description of Project Outputs | Prioritized spending within a sustainable fiscal envelope supported. More effective, transparent and timely budget execution and control supported. Fiscal and PFM reform program communicated effectively to all stakeholders. |
| Status of Implementation Progress (Outputs, Activities, and Issues) | - Budget documents reviewed - Treasury department supported in fiscal and budget analysis and macroeconomic analysis |
| Geographical Location | Nation-wide |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | Treasury Department, PNG. ADB PNG Resident Mission. |
| During Project Implementation | Treasury Department, PNG. ADB PNG Resident Mission. |
| Responsible ADB Officer | Faber, Edward |
| Responsible ADB Department | Pacific Department |
| Responsible ADB Division | Papua New Guinea Resident Mission |
| Executing Agencies |
Asian Development Bank 6 ADB Avenue, Mandaluyong City 1550, Philippines |
| Timetable | |
|---|---|
| Concept Clearance | 15 Jul 2016 |
| Fact Finding | 25 Jul 2016 to 11 Aug 2016 |
| MRM | - |
| Approval | 19 Oct 2016 |
| Last Review Mission | - |
| Last PDS Update | 28 Sep 2018 |
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 19 Oct 2016 | 02 Dec 2016 | 02 Dec 2016 | 31 Oct 2019 | 31 Oct 2021 | 04 Jan 2022 |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 1,250,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,250,000.00 | 17 Jun 2022 | 1,097,672.08 |