China, People's Republic of : Public Finance and Financial Management Reforms

Sovereign Project | 45501-001

Project Details

  • Project Officer
    Zhang, Yuebin
    East Asia Department
    Request for information
  • Country/Economy
    China, People's Republic of
  • Modality
  • Sector
    • Public sector management
Project Name Public Finance and Financial Management Reforms
Project Number 45501-001
Country / Economy China, People's Republic of
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7896-PRC: Public Finance and Financial Management Reforms
Technical Assistance Special Fund US$ 1.20 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

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

Public sector management / Decentralization - Economic affairs management - Public expenditure and fiscal management
Gender No gender elements
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact Increased fiscal effectiveness at the national and sub-national level
Project Outcome
Description of Outcome Deepened financial management reform at the national and sub-national level
Progress Toward Outcome The TA is completed and has achieve the target outcome.
Implementation Progress
Description of Project Outputs

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

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.
Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design The Ministry of Finance was actively engaged in the design of the TA project.
During Project Implementation The implementing agencies of the Ministry of Finance have been actively involved in TA implementation and led major workshops.
Business Opportunities
Consulting Services The TA will engage a team of four international consultants to provide six person-months of advisory services and 16 domestic experts to provide 101 person-months of services.
Responsible ADB Officer Zhang, Yuebin
Responsible ADB Department East Asia Department
Responsible ADB Division Public Mgt, Financial Sector and Regional Coop Division, EARD
Executing Agencies
Ministry of Finance
Sanlihe, Xicheng District
Beijing,100820
People's Republic of China
Timetable
Concept Clearance 29 Apr 2011
Fact Finding 03 May 2011 to 09 May 2011
MRM -
Approval 20 Oct 2011
Last Review Mission -
Last PDS Update 31 Mar 2016

TA 7896-PRC

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
20 Oct 2011 20 Dec 2011 20 Dec 2011 31 Dec 2013 24 Nov 2015 09 Jun 2016
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,200,000.00 0.00 200,000.00 0.00 0.00 0.00 1,400,000.00 17 Jun 2022 1,089,164.50

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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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.

None currently available.

Evaluation Documents See also: Independent Evaluation

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Related Publications

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Tenders

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Contracts Awarded

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Procurement Plan

None currently available.