Armenia: Support to Public Efficiency and Financial Markets Program
The TA will (i) assess the financial sector to get an understanding of the level of development in the money market and its interactions with the government's debt-issuance program, (ii) review international best practice in financial sector and capital market development to understand the gaps and binding constraints in the Armenian context, (iii) work with MOF to improve its PPP capacity and improve operations in debt management, (iv) suggest strengthening of the draft policy matrix on the basis of discussions with the government, (v) work with government agencies to support implementing the policy actions necessary for subprogram 1, (vi) build institutional and individual capacity in government agencies to ensure that policy actions will continue after the program has finished, (vii) work with the government agencies to support implementing the policy actions necessary for subprogram 2, and (viii) report to ADB on progress of each of the major activities listed.
Project Details
-
Project Officer
Farinha Fernandes, Joao Pedro
Central and West Asia Department
Request for information -
Country/Economy
Armenia -
Modality
- Technical Assistance
-
Sector
- Finance
Related Projects
| Project Name | Support to Public Efficiency and Financial Markets Program | ||||||||||||
| Project Number | 51060-001 | ||||||||||||
| Country / Economy | Armenia |
||||||||||||
| Project Status | Closed | ||||||||||||
| Project Type / Modality of Assistance | Technical Assistance |
||||||||||||
| Source of Funding / Amount |
|
||||||||||||
| Strategic Agendas | Inclusive economic growth |
||||||||||||
| Drivers of Change | Governance and capacity development Partnerships Private sector development |
||||||||||||
| Sector / Subsector |
Finance / Finance sector development - Money and capital markets Public sector management / Public expenditure and fiscal management |
||||||||||||
| Gender Equity and Mainstreaming | No gender elements | ||||||||||||
| Description | The TA will (i) assess the financial sector to get an understanding of the level of development in the money market and its interactions with the government's debt-issuance program, (ii) review international best practice in financial sector and capital market development to understand the gaps and binding constraints in the Armenian context, (iii) work with MOF to improve its PPP capacity and improve operations in debt management, (iv) suggest strengthening of the draft policy matrix on the basis of discussions with the government, (v) work with government agencies to support implementing the policy actions necessary for subprogram 1, (vi) build institutional and individual capacity in government agencies to ensure that policy actions will continue after the program has finished, (vii) work with the government agencies to support implementing the policy actions necessary for subprogram 2, and (viii) report to ADB on progress of each of the major activities listed. | ||||||||||||
| Project Rationale and Linkage to Country/Regional Strategy | To prepare the Public Efficiency and Financial Markets Program, a transaction technical assistance (TA) is required. Through this TA, the Asian Development Bank (ADB) will flexibly provide strategic policy advice to the Government of Armenia in preparing the program and meeting the conditions to process the loan. As the policy conditions for the loan must be in place at the time of approval, this TA will provide the government the needed assistance to meet the conditions in time. The TA is included in the Armenia Country Operations Business Plan 2018-2020. | ||||||||||||
| 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 | |
| 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 | The TA has engaged 5 international consultants (public debt management expert, fiscal risk expert, accounting and auditing expert, capital and money markets specialist, and PPP policy and institutional specialist), and 3 national consultants (accounting and auditing expert, capital market legal specialist, and financial sector development expert/project coordinator). |
| Responsible ADB Officer | Farinha Fernandes, Joao Pedro |
| Responsible ADB Department | Central and West Asia Department |
| Responsible ADB Division | Public Management, Financial Sector and Trade Division, CWRD |
| Executing Agencies |
Ministry of Finance (MOF) 1 Melik Adamyan, Yerevan Armenia |
| Timetable | |
|---|---|
| Concept Clearance | - |
| Fact Finding | - |
| MRM | - |
| Approval | 27 Jun 2017 |
| Last Review Mission | - |
| Last PDS Update | 25 Sep 2018 |
TA 9332-ARM
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 27 Jun 2017 | 28 Jul 2017 | 28 Jul 2017 | 31 Dec 2018 | 31 Mar 2020 | 01 Jun 2020 |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 700,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 700,000.00 | 17 Jun 2022 | 693,723.33 |
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 Access to Information Policy (AIP) 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 |
|---|---|---|
| Աջակցություն հանրային արդյունավետություն ու ֆինանսական շուկաներ ծրագրին | Translated PDS | Jun 2017 |
| Support to Public Efficiency and Financial Markets Program: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Jun 2017 |
| Support to Public Efficiency and Financial Markets Program: Concept Paper | Concept Papers | Jun 2017 |
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.
Related Publications
None currently available.
The Access to Information Policy (AIP) 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.
Tenders
| Tender Title | Type | Status | Posting Date | Deadline |
|---|---|---|---|---|
| International Accounting and Auditing Expert | Individual - Consulting | Closed | 30 Aug 2017 | 03 Sep 2017 |
| International Capital and Money Markets Specialist | Individual - Consulting | Closed | 30 Aug 2017 | 03 Sep 2017 |
| International PPP Policy and Institutional Specialist | Individual - Consulting | Closed | 09 Aug 2017 | 15 Aug 2017 |
| National Accounting and Auditing Expert | Individual - Consulting | Closed | 09 Aug 2017 | 15 Aug 2017 |
| National Financial Sector Development Expert/Project Coordinator | Individual - Consulting | Closed | 09 Aug 2017 | 15 Aug 2017 |
| International Public Debt Management Expert | Individual - Consulting | Closed | 09 Aug 2017 | 15 Aug 2017 |
| International Fiscal Risk Expert | Individual - Consulting | Closed | 09 Aug 2017 | 15 Aug 2017 |
| National capital markets legal specialist | Individual - Consulting | Closed | 09 Aug 2017 | 15 Aug 2017 |
Contracts Awarded
No contracts awarded for this project were found
Procurement Plan
None currently available.