China, People's Republic of: Promoting Market Innovation in Developing Social Infrastructure: Old Age Caring

Sovereign (Public) Project | 45922-012 Status: Active

Consistency with ADB s Strategy 2020: In ADB s Strategy 2020, widening disparities in well-being, demographic shifts, and lack of access to social services have been identified as three out of the nine leading challenges facing the Asia and Pacific Region with profound implications for development. The proposed Project and PPTA embody ADB s Strategy 2020, which has highlighted achieving inclusive and sustainable growth as ADB s key strategic agenda. This requires consistent support to strengthen social infrastructure and social protection to ensure that members of the society can participate in and benefit from growth. Strategy 2020 has also emphasized (i) private sector engagement, (ii) good governance and capacity development, (iii) knowledge solutions, (iv) gender equity, and (v) partnerships as the five drivers of change that will stimulate innovations and synergize resources to better serve our clients in DMCs.

Project Details

Project Officer
Kim, Ahyoung East Asia Department Request for information
Country
  • China, People's Republic of
Sector
  • Public sector management
 
Project Name Promoting Market Innovation in Developing Social Infrastructure: Old Age Caring
Project Number 45922-012
Country China, People's Republic of
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7949-PRC: Promoting Market Innovation in Developing Social Infrastructure: Old Age Caring
Technical Assistance Special Fund US$ 900,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Knowledge solutions
Partnerships
Sector / Subsector

Public sector management - Social protection initiatives

Gender Equity and Mainstreaming
Description
Project Rationale and Linkage to Country/Regional Strategy Consistency with ADB s Strategy 2020: In ADB s Strategy 2020, widening disparities in well-being, demographic shifts, and lack of access to social services have been identified as three out of the nine leading challenges facing the Asia and Pacific Region with profound implications for development. The proposed Project and PPTA embody ADB s Strategy 2020, which has highlighted achieving inclusive and sustainable growth as ADB s key strategic agenda. This requires consistent support to strengthen social infrastructure and social protection to ensure that members of the society can participate in and benefit from growth. Strategy 2020 has also emphasized (i) private sector engagement, (ii) good governance and capacity development, (iii) knowledge solutions, (iv) gender equity, and (v) partnerships as the five drivers of change that will stimulate innovations and synergize resources to better serve our clients in DMCs. These five drivers will be carefully integrated into the design and implementation of the proposed PPTA. Link to the PRC Country Partnership Strategy (CPS): ADB s CPS for the PRC (currently being developed) focuses on addressing main constraints on attaining sustainable and inclusive growth. The CPS calls for provision of social services as one strategic thrust of ADB s future operation in PRC. Social infrastructure has become increasingly more important and thus of a higher development priority in the PRC when the government has repeatedly emphasized the urgent need for building a people-oriented harmonious society and converting into a balanced and inclusive growth pattern. The PPTA will directly support the implementation of the PRC s Program on Developing Old-age Care Systems during the12th Five-year Period (2011-2015) , which was endorsed by the PRC State Council on 17 August 2011. The proposed Project will be among the first batch of specific actions that will be taken to reinforce the social security system and to accelerate the development of commercialized social service facilities in order to accommodate the increasing needs of the aging population in the PRC.
Impact Establishment of modern and commercialized facilities adn systems that are specially designed.
Project Outcome
Description of Outcome Well-designed and innovative investment plan with high demonstration effect for the old-age care industry in the PRC.
Progress Toward Outcome
Implementation Progress
Description of Project Outputs Part A will focus on analyzing the current and future business environment for establishing and operating commercialized old-age service facilities in the PRC and delivering five knoweldge products (KPs),w hich will be published to benefit the general public. Part B will focus on developing a feasible, viable, affordable, sustainable and replicable business approach and structuring a pilot project that can be accepted by both ADB and the Project sponsors.
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Responsible ADB Officer Kim, Ahyoung
Responsible ADB Department East Asia Department
Responsible ADB Division Public Mgt, Financial Sector and Regional Coop Division, EARD
Executing Agencies
National Council for Social Security Fund
12/F, A2 Yuetan Bei Street
Xicheng District, Beijing 100045
People's Republic of China
Timetable
Concept Clearance -
Fact Finding -
MRM -
Approval 08 Dec 2011
Last Review Mission -
PDS Creation Date 09 Nov 2011
Last PDS Update 09 Nov 2011

TA 7949-PRC

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
08 Dec 2011 10 Aug 2012 10 Aug 2012 31 Dec 2012 31 Mar 2015 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
900,000.00 0.00 0.00 0.00 0.00 250,000.00 1,150,000.00 08 Dec 2011 802,035.23

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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Related Publications

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