The policy and advisory technical assistance will assist the Government of PRC in (i) improving its fiscal management through strengthening asset management; (ii) establishing a public finance support system for the stringent water resource management system; and (iii) developing policies to strengthen the market and competitiveness of its accounting service industry. For each of the three components, the TA will conduct an international case study to learn lessons from countries that already have developed good practices. Based on results from international studies and review of the national situation, the TA will develop policy recommendations for each component. Finally, the TA will also arrange various opportunities for staff capacity development such as international seminars and overseas study tours
|Project Name||Improvement of Fiscal Management and Accounting Services Supervision|
|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||
Public sector management / Public expenditure and fiscal management
|Gender Equity and Mainstreaming|
|Description||The policy and advisory technical assistance will assist the Government of PRC in (i) improving its fiscal management through strengthening asset management; (ii) establishing a public finance support system for the stringent water resource management system; and (iii) developing policies to strengthen the market and competitiveness of its accounting service industry. For each of the three components, the TA will conduct an international case study to learn lessons from countries that already have developed good practices. Based on results from international studies and review of the national situation, the TA will develop policy recommendations for each component. Finally, the TA will also arrange various opportunities for staff capacity development such as international seminars and overseas study tours|
|Project Rationale and Linkage to Country/Regional Strategy|
|Impact||Improved effectiveness of government fiscal management related to public asset and water resource management, and strengthened competitiveness of accounting services|
|Description of Outcome||Improved public asset management, adoption of water resource management, and improved international standards of accounting services|
|Progress Toward Outcome||TA implementation is completed and achieved the target outcome.|
|Description of Project Outputs||
1. Study for strengthening the integration of public asset management and budget management
Report on reforming public asset management
Report on developing an information system for effective public asset management
Report on integrating public asset management and budget management
2. Public finance policy framework for water resource management:
Report on the public finance policy framework for water resource management
3. Support for development of accounting services:
Report on opening of accounting services
Report on strengthening the competitiveness of accounting services
Report on promoting international cooperation in supervision and market development in accounting services
4. Knowledge products for researchers and senior policymakers and decision makers
|Status of Implementation Progress (Outputs, Activities, and Issues)||
All outputs were completed and required deliverables were submitted. Study tours were completed successfully.
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 involved in project preparation.|
|During Project Implementation||
The implementing agencies of the Ministry of Finance was actively engaged in the selection of consultants.
A consultation mission in March 2013 reaffirmed the relevance of the technical assistance design and the importance of the outputs. The ADB project team has since been in frequent contact with the implementing agency and consultants on TA activities and deliverables so as to ensure the timely completion of the TA by October 2015.
|Consulting Services||The TA will engage four international consultants and ten national consultants for a total of 57 person months. Activities are expected to commence on 1 September 2012 and be completed by 31 August 2014. International and national consultants will be recruited as individuals considering the diversity of TORs. The consultants will be engaged by ADB in accordance with the Guidelines on the Use of Consultants (2010, as amended from time to time). The proceeds of the TA will be disbursed in accordance with Technical Assistance Disbursement Handbook (May 2010, as amended from time to time).|
|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||11 Jul 2012|
|Fact Finding||16 Jul 2012 to 18 Jul 2012|
|Approval||15 Oct 2012|
|Last Review Mission||-|
|Last PDS Update||31 Mar 2016|
|Financing Plan/TA Utilization||Cumulative Disbursements|
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|
|Improvement of Fiscal Management and Accounting Services Supervision: Technical Assistance Completion Report||TA Completion Reports||Jul 2017|
|Improvement of Fiscal Management and Accounting Services Supervision - Component 2 Public Finance Policy Frameworks for the Water Resource Management System: Inception Report||Consultants' Reports||Oct 2014|
|Improvement of Fiscal Management and Accounting Services Supervision - Component 3 Support for Development of Accounting Services: Inception Report||Consultants' Reports||Oct 2014|
|Improvement of Fiscal Management and Accounting Services Supervision - Component 1 Strengthening the Integration of Public Asset Management and Budget Management: Inception Report||Consultants' Reports||Mar 2014|
|Improvement of Fiscal Management and Accounting Services Supervision||Technical Assistance Reports||Oct 2012|
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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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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