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| TA Name | Improving Financial Mangement in Selected DMC Line Ministries and Executing Agencies | |||
| Country | Regional | |||
| Project Number | 39355- 01 | |||
| Fund Source/Amount[Proposed] |
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| Thematic Classification |
Governance
Capacity Development |
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| Linkage to Country/Regional Strategy |
Sound financial management of ADB's investment projects is critical for long term financial sustainability and in the fight against corruption. The RETA will be building on the work undertaken on previous RETA (including REG: 6122).
RETA 6122 is entitled, Capacity Building of Executing Agencies for Financial Management of Projects in East and Central Asia. |
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| Impact |
IMPACT AND OUTCOME
The TA proposes to create strengthened FM capacities at selected existing and potential EAs with the purpose of improving awareness of requirements for both optimal FM systems generally as well as ADB financial management requirements in ADB financed projects, specifically. IMPACT: The TA should lead to the end impact of i) Improved Project evaluation, quicker processing, smoother implementation, and awareness of ADB and international FM requirements; ii) enhanced capacity of EA's FM systems, iii) an ability at the EA level to better access many financing sources OUTCOMES: i) Improved capacities of EA FM systems, ii) Improved understanding at EA's of ADB's FM requirements in reporting and accounting, iii) Provision of ADB's value added solutions to EAs/line ministries through development of roadmaps for financial independence and sustainability, iv) Enhanced EA understanding of options for financial sustainability in projects |
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| Outcome |
IMPACT AND OUTCOME
The TA proposes to create strengthened FM capacities at selected existing and potential EAs with the purpose of improving awareness of requirements for both optimal FM systems generally as well as ADB financial management requirements in ADB financed projects, specifically. IMPACT: The TA should lead to the end impact of i) Improved Project evaluation, quicker processing, smoother implementation, and awareness of ADB and international FM requirements; ii) enhanced capacity of EA's FM systems, iii) an ability at the EA level to better access many financing sources OUTCOMES: i) Improved capacities of EA FM systems, ii) Improved understanding at EA's of ADB's FM requirements in reporting and accounting, iii) Provision of ADB's value added solutions to EAs/line ministries through development of roadmaps for financial independence and sustainability, iv) Enhanced EA understanding of options for financial sustainability in projects |
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| Outputs and Timeframe |
OUTPUTS:
The TA aims to first assess accounting policies & procedures, systems, staff capacities at selected line ministries / EAs. Based on these assessments, the TA will develop strategies/roadmaps for either; (i) FM Improvement (delivery of training, policy and procedures manual development, roadmap for systems / technology solution changes required, e-governance systems, workshops), or (ii) develop strategies for improving financial independence and sustainability of the line ministries / EAs (strategies/policy development for cost recovery through tariffs and tax reforms, securitization, bond issuance, revolving funds). |
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| Geographical Location | Regional: Bangladesh and Samoa | |||
| Procurement | ||||
| Consulting Services | The two selected DMCs are Bangladesh and Samoa. The TA will require the services of 7 person-months international consultant, financial management specialist input and 7 person-months of national consultants, financial management specialists' input. The consultants will be engaged in accordance with the ADB Guidelines on the Use of Consultants (2007, as amended from time to time). Consultants will be engaged through a firm and will work under the supervision of the Team Leader, working closely with staff of relevant ADB departments. Information and lessons learned will be shared with ADB departments throughout the TA. | |||
| Responsible ADB Officer |
Neil Scott Wallace |
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| Responsible ADB Department |
Regional and Sustainable Development Department |
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| Responsible ADB Division |
Public Management, Governance, and Participation Div., RSDD |
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| Executing Agencies |
Ministry of Finance Ministry of Finance |
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| Timetable | ||||
| Concept Clearance | 05 Jul 2007 | |||
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