Regional: Fiscal Policy for Green and Inclusive Development Subproject 1: Revenue Mobilization for Green and Inclusive Development

Sovereign (Public) Project | 55130-002

This TA subproject will advance knowledge and policy insights and build technical capacity on fiscal policies to support green and inclusive development advancing economic, social, and environmental objectives in developing Asia. The Economic Research and Regional Cooperation Department (ERCD), in collaboration with leading experts will carry out research , and findings will be disseminated to policymakers and other stakeholders. The project closely aligns with ADB's Strategy 2030 on ADB's role in enhancing DRM and improving public expenditure effectiveness. By addressing the funding and provision of public goods and services, the subproject contributes to the ADB vision of a prosperous, inclusive, resilient, and sustainable Asia and the Pacific. The TA is also aligned with the Sustainable Development Goals. The proposed TA is included in the current Management-approved annual work program of ERCD.

Project Details

  • Project Officer
    Hill, Samuel C.
    Economic Research and Regional Cooperation Department
    Request for information
  • Country
    Regional
  • Sector
    • Public sector management
Project Name Fiscal Policy for Green and Inclusive Development Subproject 1: Revenue Mobilization for Green and Inclusive Development
Project Number 55130-002
Country Regional
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 6745-REG: Fiscal Policy for Green and Inclusive Development
Technical Assistance Special Fund US$ 300,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Public sector management / Public expenditure and fiscal management

Gender Equity and Mainstreaming Some gender elements
Description This TA subproject will advance knowledge and policy insights and build technical capacity on fiscal policies to support green and inclusive development advancing economic, social, and environmental objectives in developing Asia. The Economic Research and Regional Cooperation Department (ERCD), in collaboration with leading experts will carry out research , and findings will be disseminated to policymakers and other stakeholders. The project closely aligns with ADB's Strategy 2030 on ADB's role in enhancing DRM and improving public expenditure effectiveness. By addressing the funding and provision of public goods and services, the subproject contributes to the ADB vision of a prosperous, inclusive, resilient, and sustainable Asia and the Pacific. The TA is also aligned with the Sustainable Development Goals. The proposed TA is included in the current Management-approved annual work program of ERCD.
Project Rationale and Linkage to Country/Regional Strategy

3. Inefficient and inadequate taxes and government expenditures in developing member countries (DMCs) hinder the provision of education, health, social protection, and physical infrastructure needed to promote green and inclusive development. The United Nations Economic and Social Commission for Asia and the Pacific estimates the region needs to invest $1.5 trillion annually from 2016 to 2030 to achieve SDGs. While private finance is crucial, much of this expenditure must be met by stronger tax revenue. Inadequate taxes also impede the effectiveness of counter-cyclical fiscal policy and increase reliance on costly finance. An inefficient tax mix can increase reliance on more distortive and growth retarding taxes; worsen income distribution; and work against environmental and social policy objectives.

The COVID-19 pandemic has exacerbated fiscal pressures, with revenues falling sharply across the region due to the economic downturn and stimulus measures. Combined with higher spending, fiscal deficits have widened considerably. While fiscal pressures should ease as economies emerge from the pandemic, the economic outlook remains uncertain and government balance sheets may remain weak for some time.

Fiscal policy is one of the most politically challenging areas of public policy. Increasing taxes or reducing public spending can be unpopular, and fiscal policy reforms in the broader interests of society can be stymied by vested interests. Successful fiscal policy reform, therefore, requires strong political buy-in. Knowledge products that provide fresh evidence on the benefits of fiscal policy reforms and the impact of alternative and timely policy options can play an important role in supporting policy reform dialogue and mobilizing political support for reform.

Impact Fiscal policy for green and inclusive development better leveraged
Project Outcome
Description of Outcome Knowledge on strengthening revenue mobilization, public expenditure effectiveness, and fiscal management enhanced.
Progress Toward Outcome
Implementation Progress
Description of Project Outputs Research addressing priority areas on revenue mobilization strengthened
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Regional
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 Hill, Samuel C.
Responsible ADB Department Economic Research and Regional Cooperation Department
Responsible ADB Division Office of the Chief Economist, ERD
Executing Agencies
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines
Timetable
Concept Clearance -
Fact Finding 28 May 2021 to 28 May 2021
MRM -
Approval 13 Jul 2021
Last Review Mission -
Last PDS Update 13 Jul 2021

TA 6745-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
13 Jul 2021 - 13 Jul 2021 30 Sep 2022 - -
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 06 Sep 2021 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.

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.


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
Fiscal Policy for Green and Inclusive Development Subproject 1: Revenue Mobilization for Green and Inclusive Development Individual - Consulting Closed 22 Jul 2021 28 Jul 2021
Fiscal Policy for Green and Inclusive Development Subproject 1: Revenue Mobilization for Green and Inclusive Development Individual - Consulting Closed 20 Jul 2021 26 Jul 2021

Contracts Awarded

No contracts awarded for this project were found


Procurement Plan

None currently available.