Support to Public Efficiency and Financial Markets Program (ADB-51060-001)

Countries
  • Armenia
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
Approved
Bank Risk Rating
C
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
Jun 28, 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
The Government of the Republic of Armenia, Ministry of Finance
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.50 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 Dec 17, 2017

Disclosed by Bank Jun 28, 2017


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Project Description
According to ADB documents, the proposed public efficiency and financial markets program aims to strengthen fiscal sustainability and deepen financial markets in Armenia. The TA will: 1. Assess the financial sector to get an understanding of the level of development in the money market and its interactions with the government's debt-issuance program 2. Review international best practice in financial sector and capital market development to understand the gaps and binding constraints in the Armenian context 3. Work with MOF to improve its PPP capacity and improve operations in debt management 4. Suggest strengthening of the draft policy matrix on the basis of discussions with the government 5. Work with government agencies to support implementing the policy actions necessary for subprogram 1 6. Build institutional and individual capacity in government agencies to ensure that policy actions will continue after the program has finished 7. Work with the government agencies to support implementing the policy actions necessary for subprogram 2 8. Report to ADB on progress of each of the major activities listed.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Niazi, Tariq H. Central and West Asia Department No contact information provided at the time of disclosure. 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