Regional : Strengthening Financial Management in Asia and the Pacific, Phase 2
The knowledge and support technical assistance (TA) will support the enhancement of financial management capacity in Asia and the Pacific, with a focus on: (i) improving the quality of financial audits by private and public audit professionals; (ii) supporting the adoption of International Public Sector Accounting Standards (IPSAS); and (iii) developing the financial management and audit function capacity of staff in project executing and implementing agencies (EAs/IAs) and supreme audit institutions (SAIs) in ADB developing member countries (DMCs).
Project Details
-
Project Officer
Nartayev, Akmal
Procurement, Portfolio and Financial Management Department
Request for information -
Country/Economy
Regional -
Sector
- Public sector management
Project Name | Strengthening Financial Management in Asia and the Pacific, Phase 2 | ||||||||
Project Number | 52113-001 | ||||||||
Country / Economy | Regional Armenia Cambodia Georgia Nepal Pakistan Philippines Samoa Uzbekistan |
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Project Status | Closed | ||||||||
Project Type / Modality of Assistance | Technical Assistance |
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Source of Funding / Amount |
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Strategic Agendas | Inclusive economic growth Regional integration |
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Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Knowledge solutions |
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Sector / Subsector | Public sector management / Public administration |
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Gender | Some gender elements | ||||||||
Description | The knowledge and support technical assistance (TA) will support the enhancement of financial management capacity in Asia and the Pacific, with a focus on: (i) improving the quality of financial audits by private and public audit professionals; (ii) supporting the adoption of International Public Sector Accounting Standards (IPSAS); and (iii) developing the financial management and audit function capacity of staff in project executing and implementing agencies (EAs/IAs) and supreme audit institutions (SAIs) in ADB developing member countries (DMCs). | ||||||||
Project Rationale and Linkage to Country/Regional Strategy | |||||||||
Impact | Strengthened governance and improved institutional capacity and standards in DMCs' financial management. |
Project Outcome | |
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Description of Outcome | Enhanced public and private audit and accounting capacity for improved management of public resources. |
Progress Toward Outcome | |
Implementation Progress | |
Description of Project Outputs | Private Auditor Assurance Programs implemented. Uzbekistan IPSAS roadmap developed. Pakistan Audit Quality Management Framework (AQMF) implemented. Training of EA/IA/SAI staff in financial management conducted. |
Status of Implementation Progress (Outputs, Activities, and Issues) | Output 1 Private Auditor Assurance Program Implemented The Institute of Chartered Accountants in England and Wales (ICAEW) has been engaged to implement private auditor quality assurance program in Cambodia, Georgia, Nepal, and Samoa. ICAEW's project inception report was approved in December 2019. The progress report covering January to May 2020 has been submitted and a conference call was conducted on 5 June to discuss the activities and the impact brought about by delays due to COVID-19 pandemic, and next steps. No-objection confirmations have been obtained from the Government of Armenia's Ministry of Finance and Government of the Philippines' Department of Finance. Consultant Terms of Reference for audit quality assurance program implementation in Armenia and Philippines are being finalized. Output 2 Uzbekistan IPSAS Roadmap Implemented AARC Consultancy was engaged to develop IPSAS Roadmap for the Government of the Republic of Uzbekistan. The 10-year Roadmap on harmonization of public accounting in accordance with International Public Sector Accounting (IPSAS) was approved by the Ministry of Finance in August 2019. AARC Consultancy supported the government in the initial steps of Roadmap implementation by developing templates, checklists and providing advice on standards harmonization. In January 2020, the order was issued to establish a working group on IPSAS Roadmap implementation. Activities under Output 2 are successfully completed. Output 3 Pakistan Audit Quality Management Framework Implemented Inception meeting was held on 21 January 2020 at the office of the Auditor General of Pakistan (AGP). The consultants, Ernst and Young (EY), made a presentation on the proposed strategy and key deliverables expected during implementation. AG office requested value added support from EY, to strengthen systems in AG office. The consultants began interviews and assessments from 22 January 2020. Inception report was submitted on 18 June 2020. The consultants were deployed for fieldwork for implementation phase. Gap analysis will be completed tentatively by October 2020 with the roadmap developed by December 2020 and trainings in Q1 of 2021. Due to delays from COVID-19 impacts during fieldwork for phase 1, the second milestone of post training evaluations has been revised to April 2021. Output 4 Training of EA/IA/SAI staff in FM conducted 1.Financial Management Training held in Tashkent, Uzbekistan on 26 March 2019 with 27 participants 2.Financial Management Workshop held in Bishkek, Kyrgyz on 3 April 2019 with 49 participants 3.Financial Management Workshop held in Nadi, Fiji on 19-20 August 2019 with 34 participants 4.Financial Management Workshop held in Dhaka, Bangladesh on 5-6 November 2019 with 124 participants 5.Financial Management Workshop held in Ulaanbaatar, Mongolia on 20-21 November 2019 with 33 participants 6.Financial Management Training held in Jakarta, Indonesia on 14 November 2019 with 43 participants 7.Sponsored 12 SAI representatives from Pacific DMCs to attend a workshop organized by the International Federation of Accountants (IFAC) titled Developing Accountancy Capacity in Fragile and Conflict States held in Kuala Lumpur, Malaysia on 10-12 December 2019 8.SARD EA/IA training to be conducted in Goa, India on 3-4 February 2020 |
Geographical Location | Armenia - Nation-wide; Cambodia - Nation-wide; Georgia - Nation-wide; Nepal - Nation-wide; Pakistan - Nation-wide; Philippines - Nation-wide; Samoa - Nation-wide; Uzbekistan - Nation-wide |
Summary of Environmental and Social Aspects | |
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Environmental Aspects | |
Involuntary Resettlement | |
Indigenous Peoples | |
Stakeholder Communication, Participation, and Consultation | |
During Project Design | |
During Project Implementation |
Responsible ADB Officer | Nartayev, Akmal |
Responsible ADB Department | Procurement, Portfolio and Financial Management Department |
Responsible ADB Division | Public Financial Management Division (PFFM) |
Executing Agencies |
Asian Development Bank |
Timetable | |
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Concept Clearance | 13 Nov 2018 |
Fact Finding | - |
MRM | - |
Approval | 29 Nov 2018 |
Last Review Mission | - |
Last PDS Update | 24 Aug 2020 |
TA 9661-REG
Milestones | |||||
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Approval | Signing Date | Effectivity Date | Closing | ||
Original | Revised | Actual | |||
29 Nov 2018 | - | 29 Nov 2018 | 31 Dec 2021 | 30 Jun 2023 | 19 Oct 2023 |
Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
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ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
Gov | Beneficiaries | Project Sponsor | Others | |||||
1,200,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,200,000.00 | 07 Nov 2023 | 1,147,217.67 |
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.
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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 |
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Strengthening Financial Management in Asia and the Pacific - Phase 2: Technical Assistance Report | Technical Assistance Reports | Dec 2018 |
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 |
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Strengthening Financial Management in Asia and the Pacific, Phase 2 | Firm - Consulting | Closed | ||
Strengthening Financial Management in Asia and the Pacific, Phase 2 | Firm - Consulting | Closed | ||
Strengthening Financial Management in Asia and the Pacific, Phase 2 | Firm - Consulting | Closed |
Contracts Awarded
Contract Title | Approval Number | Contract Date | Contractor | Address | Executing Agency | Total Contract Amount (US$) | Contract Amount Financed by ADB (US$) |
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Capacity Development Technical Assistance | Technical Assistance 9661 | 12 Nov 2021 | Institute of Chartered Accountants in England and Wales (U.K.) | Chartered Accountants' Hall, Moorgate Place London, EC2R 6EA United Kingdom | Asian Development Bank | 292,460.00 | — |
Capacity Development | Technical Assistance 9661 | 15 Jul 2019 | AARC Ltd. (Irish Republic) | 41 Hughes Road East, Walkinstown Walkins Leinster Dublin 12 / 31 Mespil Road, Bal Dublin 4, Ireland | Asian Development Bank | 115,972.00 | — |
Capacity Development | Technical Assistance 9661 | 20 Aug 2019 | INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND ... (UNITED KINGDOM) | CHARTERED ACCOUNTANTS HALL,MOORGATE PLAC LONDON,UNITED KINGDOM EC2R 6EA | Asian Development Bank | 351,036.00 | — |
Capacity Development | Technical Assistance 9661 | 05 Nov 2019 | EY Ford Rhodes (PAKISTAN) | 6th Floor,601,Progressive Plaza, Beaumon Karachi 75530, Pakistan CMS# 007334; EYFR | Asian Development Bank | 188,950.00 | — |
Procurement Plan
None currently available.