Capacity Building of the Aid Accounts and Audit Division of the Ministry of Finance (ADB-45016-001)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 15, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of India
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services, Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.72 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 17, 2019

Disclosed by Bank Sep 27, 2018


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Project Description

According to the bank website, "the proposed Knowledge and Support Technical Assistance (KSTA) is intended to assist the Aid Accounts and Audit Division (AAAD), Department of Economic Affairs (DEA) under the Ministry of Finance (MOF), in strengthening its institutional capacity by streamlining public debt management and funds flow operations.The proposed TA aims to assist in system re-engineering, upgrade of IT infrastructure and automation of work process related to external debt management; specialized trainings for AAAD officials; capacity building and training of various stakeholders for better fund flows and loan covenant compliance; and study of existing fund flow mechanism and identify ways to expedite and improved fund flow mechanism."

 

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Responsible ADB Officer Sarkar, Krishnendu B.
Responsible ADB Department South Asia Department
Responsible ADB Division India Resident Mission
Executing Agencies Ministry of Finance (Aid Accounts & Audit Division)
5th Floor, B Wing, Janpath Bhawan
Janpath, New Delhi 110001 India

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main