Pakistan : Building Resilience with Active Countercyclical Expenditures Program
The principal objective of the Program is to mitigate the adverse socio-economic effects of the economic crises and enhance the resilience of poor and vulnerable groups to socio-economic shocks. The scope of the proposed program includes implementation of (a) increased social protection measures; (b) increased food security measures; and (c) enhanced support for business.
Project Details
-
Project Officer
Tora, Laisiasa Natakubu
Central and West Asia Department
Request for information -
Country/Economy
Pakistan -
Sector
- Public sector management
| Project Name | Building Resilience with Active Countercyclical Expenditures Program | ||||||||||||
| Project Number | 56148-001 | ||||||||||||
| Country / Economy | Pakistan |
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| Project Status | Active | ||||||||||||
| Project Type / Modality of Assistance | Loan |
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| Source of Funding / Amount |
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| Operational Priorities | OP1: Addressing remaining poverty and reducing inequalities OP2: Accelerating progress in gender equality OP5: Promoting rural development and food security OP6: Strengthening governance and institutional capacity OP7: Fostering regional cooperation and integration |
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| Sector / Subsector | Public sector management / Public expenditure and fiscal management - Social protection initiatives |
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| Gender | Effective gender mainstreaming | ||||||||||||
| Description | The principal objective of the Program is to mitigate the adverse socio-economic effects of the economic crises and enhance the resilience of poor and vulnerable groups to socio-economic shocks. The scope of the proposed program includes implementation of (a) increased social protection measures; (b) increased food security measures; and (c) enhanced support for business. | ||||||||||||
| Project Rationale and Linkage to Country/Regional Strategy | The proposed program will support the government's efforts to provide relief while, in conjunction with other development partners aligned to the government's reform program with the International Monetary Fund (IMF), accelerate the ongoing implementation of structural reforms to improve Pakistan's medium-to long-term macroeconomic resilience and prospects. The program is aligned with the government's strategic priorities and the objective to promote social inclusion by strengthening the support provided to poor and vulnerable groups, improving economic resilience, and supporting the trade related sectors. The program is also aligned with Strategy 2030 of the Asian Development Bank (ADB), particularly (i) operational priority (OP) 1: addressing remaining poverty and reducing inequalities; (ii) OP2: accelerating progress in gender equality; (iii) OP5: promoting rural development and food security; (iv) OP6: strengthening governance and institutional capacity; and (v) OP7: fostering regional cooperation and integration. The program is also aligned with ADB's country partnership strategy for Pakistan, 2021-2025, especially on reducing economic and social disparities, strengthening economic governance, and supporting private sector development. Pakistan meets all the criteria required to access ADB's countercyclical support facility, which include adverse impact of exogenous shocks, pro-poor countercyclical development expenditure program, public debt levels maintained at sustainable levels, and ongoing implementation of structural reforms. | ||||||||||||
| Impact | Macroeconomic management strengthened, and more sustained, and inclusive growth supported. |
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| Project Outcome | |
|---|---|
| Description of Outcome | Adverse socioeconomic effects of the crisis mitigated, and resilience of poor, and vulnerable groups enhanced. |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | Increased social protection measures implemented. Increased food security measures implemented. Enhanced support for business implemented. |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | Nation-wide |
| Safeguard Categories | |
|---|---|
| Environment | C |
| Involuntary Resettlement | C |
| Indigenous Peoples | C |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | No action required. |
| Involuntary Resettlement | No action required. |
| Indigenous Peoples | No action required. |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | A range of stakeholders were consulted to identify the impacts of the exogenous shocks and align ADB's assistance with the government's needs, including (i) the Ministry of Finance, (ii) the Ministry of Economic Affairs, (iii) Ministry of Industries and Production, (iv) Ministry of National Food Security and Research, (v) Benazir Income Support Program, and (vi) International Monetary Fund. |
| During Project Implementation | An independent third-party survey of beneficiaries will be conducted to assess the effectiveness, efficiency, and credibility of the of the government's countercyclical expenditure measures as part of the agreed monitoring and evaluation framework between ADB and the government. |
| Business Opportunities | |
|---|---|
| Consulting Services | Not applicable. |
| Procurement | Not applicable. |
| Responsible ADB Officer | Tora, Laisiasa Natakubu |
| Responsible ADB Department | Central and West Asia Department |
| Responsible ADB Division | Public Management, Financial Sector and Trade Division, CWRD |
| Executing Agencies |
Ministry of Finance |
| Timetable | |
|---|---|
| Concept Clearance | - |
| Fact Finding | 18 Aug 2022 to 25 Aug 2022 |
| MRM | 14 Sep 2022 |
| Approval | 21 Oct 2022 |
| Last Review Mission | - |
| Last PDS Update | 21 Oct 2022 |
Loan 4234-PAK
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 21 Oct 2022 | 24 Oct 2022 | 24 Oct 2022 | 31 Dec 2023 | - | - |
| Financing Plan | Loan Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 1,250.00 | Cumulative Contract Awards | |||
| ADB | 1,250.00 | 30 Jan 2023 | 0.00 | 0.00 | 0% |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 0.00 | 30 Jan 2023 | 1,250.00 | 0.00 | 100% |
Loan 4235-PAK
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 21 Oct 2022 | 24 Oct 2022 | 24 Oct 2022 | 31 Dec 2023 | - | - |
| Financing Plan | Loan Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 250.00 | Cumulative Contract Awards | |||
| ADB | 250.00 | 30 Jan 2023 | 0.00 | 0.00 | 0% |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 0.00 | 30 Jan 2023 | 250.00 | 0.00 | 100% |
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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| Title | Document Type | Document Date |
|---|---|---|
| Loan Agreement (Ordinary Operations) for Loan 4234-PAK: Building Resilience with Active Countercyclical Expenditures Program | Loan Agreement (Ordinary Resources) | Oct 2022 |
| Loan Agreement (Ordinary Operations [Concessional]) for Loan 4235-PAK: Building Resilience with Active Countercyclical Expenditures Program | Loan Agreement (Ordinary Resources) | Oct 2022 |
| Building Resilience with Active Countercyclical Expenditures Program: Report and Recommendation of the President | Reports and Recommendations of the President | Sep 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
None currently available.
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Requests for information may also be directed to the InfoUnit.
$1.5 Billion ADB Financing to Promote Social Protection, Food Security in Pakistan
ADB has approved $1.5 billion in financing to help the Government of Pakistan provide social protection, promote food security, and support employment for its people amid devastating floods and global supply chain disruptions.
Tenders
Contracts Awarded
Procurement Plan
None currently available.