Regional: Sovereign Debt Analytics and Management Support

Sovereign Project | 56036-001

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
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 6913-REG: Sovereign Debt Analytics and Management Support
Technical Assistance Special Fund US$ 1.50 million
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Sector / Subsector

Public sector management / Public expenditure and fiscal management

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
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
6 ADB Avenue,
Mandaluyong City 1550, Philippines
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 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.

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Tenders

Tender Title Type Status Posting Date Deadline
Resource person on Pacific debt Individual - Consulting Closed 26 Jul 2022 01 Aug 2022
Lead Public Finance Specialist Individual - Consulting Closed 25 Apr 2022 01 May 2022

Contracts Awarded

No contracts awarded for this project were found


Procurement Plan

None currently available.