The regional knowledge and support technical assistance (RETA) will build financial management capacity and help boost the quality of financial due diligence and financial management to improve financial sustainability of executing/implementing agencies (EAs/IAs). It will also help to enhance financial management throughout the project cycle in the Central West Asia developing member countries (DMCs) . This will be achieved through enhanced guidance to project teams and, EAs/IAs by developing project financial management manuals (the manuals) and project internal audit and internal control charters (the charters) and strategically placed regional consultants.
| Project Name | Enhancing Financial Management in Central and West Asia | ||||
| Project Number | 54144-001 | ||||
| Country | Regional Afghanistan Armenia Azerbaijan Georgia Kazakhstan Kyrgyz Republic Pakistan Tajikistan Turkmenistan Uzbekistan |
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| Project Status | Active | ||||
| 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 Equity and Mainstreaming | Some gender elements | ||||
| Description | The regional knowledge and support technical assistance (RETA) will build financial management capacity and help boost the quality of financial due diligence and financial management to improve financial sustainability of executing/implementing agencies (EAs/IAs). It will also help to enhance financial management throughout the project cycle in the Central West Asia developing member countries (DMCs) . This will be achieved through enhanced guidance to project teams and, EAs/IAs by developing project financial management manuals (the manuals) and project internal audit and internal control charters (the charters) and strategically placed regional consultants. | ||||
| Project Rationale and Linkage to Country/Regional Strategy | Robust financial due diligence during project processing will help DMCs strengthen their capacity to design, finance and implement ADB-funded projects and programs, improve financial sustainability and viability of the entities implementing projects, contribute to more successful projects/programs outcomes and provide greater development impact. Increased worldwide attention to effectiveness of financial support and financial sustainability requires to enhance fiduciary oversight of financial aid and increase fiduciary accountability and responsibility of DMCs to better manage financial risks. A majority of central west DMCs are in transition to adoption of the International Financial Reporting Standards (IFRS) or International Public Sector Accounting Standards (IPSAS) and aligning their national accounting standards with IFRS. The transition is challenging due to limited local expertise and lack of comprehensive manuals for EA/IAs. Additionally, many governance risk assessments for Central Asian DMCs have identified weak internal audit and internal control country systems. To mitigate inherent risks the TA will pilot the development of charters for EA/IAs. The charters will develop a blueprint for EA/IAs to strengthen internal controls, manage financial risk and ensure adequate financial compliance. |
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| Impact | Improvements in public expenditure efficiency in Central West Asia DMCs | ||||
| Project Outcome | |
|---|---|
| Description of Outcome | Portfolio performance in Central West Asia DMCs improved |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | 1. Financial due diligence strengthened 2. Financial reporting compliance improved |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | Afghanistan - Nation-wide; Armenia - Nation-wide; Azerbaijan - Nation-wide; Georgia - Nation-wide; Kazakhstan - Nation-wide; Kyrgyz Republic - Nation-wide; Pakistan - Nation-wide; Tajikistan - Nation-wide; Turkmenistan - Nation-wide; Uzbekistan - Nation-wide |
| 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 | Nazmieva, Oksana |
| Responsible ADB Department | Central and West Asia Department |
| Responsible ADB Division | CWOD-PSG |
| Timetable | |
|---|---|
| Concept Clearance | 30 Sep 2020 |
| Fact Finding | - |
| MRM | - |
| Approval | 27 Nov 2020 |
| Last Review Mission | - |
| Last PDS Update | 10 Dec 2020 |
TA 6625-REG
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 27 Nov 2020 | - | 27 Nov 2020 | 30 Nov 2023 | - | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 300,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 300,000.00 | 27 Nov 2020 | 0.00 |
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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Title |
Document Type | Document Date |
|---|---|---|
| Enhancing Financial Management in Central and West Asia: Technical Assistance Report | Technical Assistance Reports | Nov 2020 |
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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Related Publications
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Procurement Plan
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