Hunan Fiscal Sustainability DPO (WB-P157406)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Hunan Province
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • World Bank (WB)
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
U
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
Jan 10, 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 People's Republic of China
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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 11, 2017

Disclosed by Bank Dec 23, 2015


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Project Description
This project finances support for the Hunan Province Government to ensure its fiscal sustainability by developing a public finance regime that integrates budget, public investment and debt management. It includes four components: 1) preparation of a new fiscal strategy; 2) adoption of an integrated capital budgeting/financial framework; 3) implementation of an allocation system for bond swaps and strengthening of debt management framework; and 4) adoption of higher standards for disclosure and regular information reporting to the public.
Investment Description
  • World Bank (WB)
Contact Information
World Bank Contact: Mr. John Litwack Title: Lead Economist, GMF02 Tel: 010-5861 7650 Fax: 010-5861 7800 Email: jlitwack@worldbank.org Location: China, Beijing (IBRD) Ms. Min Zhao Title: Senior Economist, GGO14 Tel: 010-5861 7656 Fax: 010-5861 7800 Email: mzhao1@worldbank.org Location: China, Beijing (IBRD) Borrower Contact: Mr. Yuanjie Yang Name: Government of People’s Republic of China Title: Director, IFI Div. I, International Economic and Financial Cooperation Department Ministry of Finance Tel: 010-6855 2471 Email: yuanjieyang@mof.gov.cn ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.