Summary
The objective of the TA is to improve the knowledge of remittance flows and their effects on poverty in individual Central Asian and South Caucasian countries covered by the TA, and the region as a whole. To achieve this objective, the TA will produce the following outputs:
1. A regional report on the financial sector and remittances in Central Asia and South Caucasus; and
2. A regional report on remittances and poverty in Central Asia and South Caucasus.
The reports will inform policy-makers in Central Asia and South Caucasus and help ADB develop public and private sector projects aimed at facilitating formal remittance inflows to the region, directing them to productive investments, and increasing their positive effects on financial sector development and poverty reduction.
Latest Project Documents
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| Project Name |
Remittances and Poverty in Central Asia |
| Project Number |
40038-012 |
| Country |
Regional |
| Project Status |
Closed |
| Project Type / Modality of Assistance |
Technical Assistance
|
| Source of Funding / Amount |
| TA 6315-REG: Remittances and Poverty in Central Asia |
|---|
| Technical Assistance Special Fund |
US$ 300,000.00 |
| Poverty Reduction Fund |
US$ 1.00
million
|
|
| Strategic Agendas |
Regional integration
|
| Drivers of Change |
Governance and capacity development
Partnerships
Private sector development
|
| Sector / Subsector |
Public sector management
- Economic affairs management |
| Gender Equity and Mainstreaming |
No gender elements |
| Description |
The objective of the TA is to improve the knowledge of remittance flows and their effects on poverty in individual Central Asian and South Caucasian countries covered by the TA, and the region as a whole. To achieve this objective, the TA will produce the following outputs: 1. A regional report on the financial sector and remittances in Central Asia and South Caucasus; and 2. A regional report on remittances and poverty in Central Asia and South Caucasus. The reports will inform policy-makers in Central Asia and South Caucasus and help ADB develop public and private sector projects aimed at facilitating formal remittance inflows to the region, directing them to productive investments, and increasing their positive effects on financial sector development and poverty reduction. |
| Project Rationale and Linkage to Country/Regional Strategy |
ADB s draft Interim Operational Strategy for Armenia, Country Strategy and Program Update (2006) for Azerbaijan, and Country and Strategy and Program Update (2006-2008) for Azerbaijan identify rural development as priority areas of the bank s operations in these countries. Private sector development for inclusive growth is one of the focal areas of ADB's Country Strategy and Program Update (2006-2008) for Kazakhstan. The bank's Country Strategy and Program (2006-2008) for the Kyrgyz Republic emphasizes investing in agriculture and reforming the financial sector to stimulate domestic savings and investment. The knowledge to be produced by the TA can be useful in directing a greater proportion of remittance inflows to the above countries through official channels, developing remittance-based financial products, increasing remittance-financed private investment, in particular in agriculture, and reducing poverty, especially in rural areas. |
| Impact |
|
Project Outcome
| Description of Outcome |
|
| Progress Toward Outcome |
|
| Implementation Progress |
|---|
| Description of Project Outputs |
|
| Status of Implementation Progress (Outputs, Activities, and Issues) |
|
| Geographical Location |
Armenia, Azerbaijan, Kazakhstan, Kyrgyz Republic and Tajikistan |
Summary of Environmental and Social Aspects
| Environmental Aspects |
|
| Involuntary Resettlement |
|
| Indigenous Peoples |
|
| Stakeholder Communication, Participation, and Consultation |
|---|
| During Project Design |
|
| During Project Implementation |
|
Business Opportunities
| Consulting Services |
Individual consultants to be recruited. |
Responsible Staff
| Responsible ADB Officer |
Shigeko Hattori |
| Responsible ADB Department |
Central and West Asia Department |
| Responsible ADB Division |
Regional Cooperation and Operations Coordination Div, CWRD |
| Executing Agencies |
Asian Development Bank
Betty Wilkinson
[email protected]
6 ADB Avenue, Mandaluyong City 1550, Philippines
|
Timetable
| Concept Clearance |
10 Mar 2005 |
| Fact Finding |
09 Dec 2005
to 23 Dec 2005 |
| MRM |
-
|
| Approval |
07 Apr 2006 |
| Last Review Mission |
-
|
| PDS Creation Date |
28 Feb 2006 |
| Last PDS Update |
18 Feb 2008 |
TA 6315-REG
| Milestones |
|---|
| Approval |
Signing Date |
Effectivity Date |
Closing |
| Original |
Revised |
Actual |
| 07 Apr 2006 |
-
|
07 Apr 2006 |
31 Mar 2008 |
-
|
-
|
| Financing Plan/TA Utilization |
Cumulative Disbursements |
| ADB |
Cofinancing |
Counterpart |
Total |
Date |
Amount |
| Gov |
Beneficiaries |
Project Sponsor |
Others |
| 300,000.00 |
1,000,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1,300,000.00 |
07 Apr 2006 |
1,142,746.14 |
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.
None currently available.
None currently available.
Related Publications
None currently available.
The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.