Regional : Sovereign Debt Analytics and Management Support
The knowledge and support technical assistance (TA) will build technical capacity among Asian Development Bank (ADB) members eligible for Asian Development Fund (ADF) grants or concessional ordinary capital resources lending (COL) in sovereign debt sustainability assessment methods and debt management strategies. The TA will be conducted at the country and regional levels through targeted training and support activities, both remotely and on-site, and possibly over a longer period to secure more effective and lasting transfer of the knowledge. Drawing on an international pool of consultants and Economic Research and Regional Cooperation Department (ERCD) resources, the TA team will tailor training and analytical support to meet recipients' specific circumstances and needs, which the team will identify in consultation with stakeholders from developing member countries (DMCs) and ADB regional departments.
Project Details
-
Project Officer
Ferrarini, Benno
Economic Research and Regional Cooperation Department
Request for information -
Country/Economy
Regional -
Sector
- Public sector management
| Project Name | Sovereign Debt Analytics and Management Support | ||||
| Project Number | 56036-001 | ||||
| Country / Economy | Regional Bangladesh Bhutan Cambodia Fiji Micronesia, Federated States of Kyrgyz Republic Kiribati Lao People's Democratic Republic Maldives Mongolia Nauru Nepal Niue Pakistan Palau Papua New Guinea Marshall Islands Samoa Solomon Islands Tajikistan Timor-Leste Tonga Tuvalu Uzbekistan Vanuatu |
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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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| Operational Priorities | OP2: Accelerating progress in gender equality OP6: Strengthening governance and institutional capacity |
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| Strategic Agendas | Inclusive economic growth |
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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 expenditure and fiscal management |
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| Gender Equity and Mainstreaming | Some gender elements | ||||
| Description | The knowledge and support technical assistance (TA) will build technical capacity among Asian Development Bank (ADB) members eligible for Asian Development Fund (ADF) grants or concessional ordinary capital resources lending (COL) in sovereign debt sustainability assessment methods and debt management strategies. The TA will be conducted at the country and regional levels through targeted training and support activities, both remotely and on-site, and possibly over a longer period to secure more effective and lasting transfer of the knowledge. Drawing on an international pool of consultants and Economic Research and Regional Cooperation Department (ERCD) resources, the TA team will tailor training and analytical support to meet recipients' specific circumstances and needs, which the team will identify in consultation with stakeholders from developing member countries (DMCs) and ADB regional departments. | ||||
| Project Rationale and Linkage to Country/Regional Strategy | Most of ADB's ADF- and COL-eligible DMCs face significant challenges in financing budget and current account deficits, even during less turbulent times. Debt sustainability is a perennial concern for such countries. Issues that drive debt sustainability problems include weak debt management capacity and structural constraints related to being landlocked, geographically remote, or exposed to large and frequent shocks such as disasters triggered by natural hazards. Lacking access to international capital markets, many of these countries are heavily reliant on concessional finance from international finance institutions and other overseas development partners to sustainably meet their funding needs. Debt sustainability assessments by the World Bank and the International Monetary Fund (IMF) have found that the risk of debt distress has been sharpening over the past decade or so, also among countries in Asia and the Pacific. Marked fiscal pressure and an uncertain economic outlook call for cautious and credible fiscal planning and debt management to enable affected countries to attract financial support to speed up their socioeconomic recoveries while getting back on track in the pursuit of the Sustainable Development Goals. Carefully crafted fiscal strategy frameworks, increased attention to debt reporting and transparency, and stronger debt analytical and management capacity will also be vital components of the recovery. | ||||
| Impact | ADF- and COL-eligible DMCs' debt sustainability improved |
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| Project Outcome | |
|---|---|
| Description of Outcome | ADF- and COL-eligible DMCs' capacity to assess and manage sovereign debt strengthened. |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | Successful transfer of analytical frameworks and related knowledge to underpin debt sustainability assessments and debt management strategies of ADF- and COL-eligible DMCs. |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | Bangladesh - Nation-wide; Bhutan - Nation-wide; Cambodia - Nation-wide; Fiji - Nation-wide; Kiribati - Nation-wide; Kyrgyz Republic - Nation-wide; Lao People's Democratic Republic - Nation-wide; Maldives - Nation-wide; Marshall Islands - Nation-wide; Micronesia, Federated States of - Nation-wide; Mongolia - Nation-wide; Nauru - Nation-wide; Nepal - Nation-wide; Niue - Nation-wide; Pakistan - Nation-wide; Palau - Nation-wide; Papua New Guinea - Nation-wide; Samoa - Nation-wide; Solomon Islands - Nation-wide; Tajikistan - Nation-wide; Timor-Leste - Nation-wide; Tonga - Nation-wide; Tuvalu - Nation-wide; Uzbekistan - Nation-wide; Vanuatu - 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 | Ferrarini, Benno |
| Responsible ADB Department | Economic Research and Regional Cooperation Department |
| Responsible ADB Division | Office of the Chief Economist, ERD |
| Executing Agencies |
Asian Development Bank |
| Timetable | |
|---|---|
| Concept Clearance | 14 Mar 2022 |
| Fact Finding | 10 Feb 2022 to 10 Feb 2022 |
| MRM | - |
| Approval | 20 Apr 2022 |
| Last Review Mission | - |
| Last PDS Update | 20 Apr 2022 |
TA 6913-REG
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 20 Apr 2022 | - | 20 Apr 2022 | 30 Nov 2024 | - | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 1,500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,500,000.00 | 17 Jun 2022 | 309,463.67 |
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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| Title | Document Type | Document Date |
|---|---|---|
| Sovereign Debt Analytics and Management Support: Technical Assistance Report | Technical Assistance Reports | Apr 2022 |
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
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Tenders
| Tender Title | Type | Status | Posting Date | Deadline |
|---|---|---|---|---|
| Public Finance Specialist | Individual - Consulting | Closed | ||
| Economic Analyst | Individual - Consulting | Closed | ||
| Senior Economic Analyst | Individual - Consulting | Closed | ||
| Resource person on Pacific debt | Individual - Consulting | Closed | ||
| 48078-006-PAK: Second Power Transmission Enhancement Investment Program - Tranche 4 [ADB-401B-2022] - CORRIGENDUM | Invitation for Bids | Closed | ||
| 48078-006-PAK: Second Power Transmission Enhancement Investment Program - Tranche 4 [ADB-401B-2022] - ORIGINAL | Invitation for Bids | Closed | ||
| Lead Public Finance Specialist | Individual - Consulting | Closed |
Contracts Awarded
Procurement Plan
None currently available.