|Project Name||Public Finance and Financial Management Reforms|
|Country||China, People's Republic of
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount||
|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 Equity and Mainstreaming||No gender elements|
|Project Rationale and Linkage to Country/Regional Strategy|
|Impact||Increased fiscal effectiveness at the national and sub-national level|
|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.|
|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.
|Summary of Environmental and Social Aspects|
|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.|
|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|
Ministry of Finance
Sanlihe, Xicheng District
People's Republic of China
|Concept Clearance||29 Apr 2011|
|Fact Finding||03 May 2011 to 09 May 2011|
|Approval||20 Oct 2011|
|Last Review Mission||-|
|Last PDS Update||31 Mar 2016|
|Approval||Signing Date||Effectivity Date||Closing|
|20 Oct 2011||20 Dec 2011||20 Dec 2011||31 Dec 2013||24 Nov 2015||-|
|Financing Plan/TA Utilization||Cumulative Disbursements|
|1,200,000.00||0.00||200,000.00||0.00||0.00||0.00||1,400,000.00||20 Oct 2011||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.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
|Title||Document Type||Document Date|
|Public Finance and Financial Management Reforms: Technical Assistance Completion Report||TA Completion Reports||Aug 2017|
|Public Finance and Financial Management Reforms: Output 4 - Support for the Leading Accounting Talent Project in the People’s Republic of China||Consultants' Reports||Dec 2016|
|Public Finance and Financial Management Reforms: Output 1 - Fiscal Policy Framework for Emergency Management||Consultants' Reports||Dec 2016|
|Public Finance and Financial Management Reforms: Output 2 - Management of the Social Insurance Fund||Consultants' Reports||Dec 2016|
|Public Finance and Financial Management Reforms: Output 3 - Development of Local Government Bond Markets in the People’s Republic of China||Consultants' Reports||Dec 2016|
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
None currently available.
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.
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