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Strengthening Fiscal Stability Program: Program Completion Report

Project or program completion reports evaluate design, implementation and performance of a project or program, and provide an overall assessment and recommendations.

This document dated August 2016 is provided for the ADB project 47314-001 in Kiribati.

Bhutan: Strengthening Economic Management Program

The program adopted a two-pronged approach to negotiate the challenges of weak economic management in Bhutan. First, it aimed to improve fiscal management to help the government allocate scarce resources more effectively and efficiently. Second, it aimed to improve monetary management to ensure that interest rate policy better matched the demand and supply of loanable funds, thereby improving liquidity management. This approach was to be reinforced by strengthening the internal and external audit systems to improve the monitoring of public resources and strengthen administrative and financial efficiency and accountability including at the subnational level of government. The program supported policy and institutional improvements in four core areas: (i) fiscal management, (ii) debt management, (iii) monetary and liquidity management, and (iv) internal and external audit operations. Five separately approved ADB technical assistance grants spread over 2010–2012 supported capacity building in these and other related areas.

This report validates the completion report’s assessment of the project. IED overall assessment: Successful.

Public Finance Development Strategy 2020: Technical Assistance Completion Report

Technical assistance completion reports describe for technical assistance projects the expected impact, outcome and outputs; conduct of activities; evaluation and achievement of the expected outcomes; an assessment and rating; major lessons; and recommendations and follow-up actions. This document dated January 2016 is provided for the ADB project 47120-001 in the People’s Republic of China.

Kyrgyz Republic: Tax Administration Reform and Modernization Project

The Tax Administration Reform and Modernization Project was one of a series of projects supported by the Asian Development Bank (ADB) in the Kyrgyz Republic to foster economic growth and public governance by increasing tax and customs revenues and improving tax administration. The project was well aligned with the government objectives outlined in the Joint Country Support Strategy to introduce modern technology in tax administration, improve operations, and reduce corruption. During project design, fiscal consolidation was considered vital to maintain the good performance of the economy and sustaining its achievements.

This report validates the completion report’s assessment of the project. IED overall assessment: Successful.

Pakistan: Punjab Millennium Development Goals Program

In December 2008, ADB approved the Government of Pakistan’s request for support to attain Punjab’s Millennium Development Goals (MDGs), especially MDGs 4 and 5 relating to children and women’s health. The expected outcome of the program was to improve access to quality health services and make them more equitable. The program was designed as a cluster of three subprograms. Subprogram 1 was approved in December 2008 for a single tranche loan of $100 million. Subprogram 2, originally scheduled to be implemented between November 2008 and November 2009, was approved in June 2010 for a single tranche loan of $150 million. Subprogram 3, however, did not materialize as the International Monetary Fund (IMF) terminated its Stand-By Arrangement with Pakistan in October 2011 because the government failed to meet its commitments on implementing certain agreed reforms. The IMF country assessment letter for Pakistan, a prerequisite for ADB program loans, was not issued. After delays in moving the IMF program forward, ADB and the government agreed to cancel Subprogram 3 and the program was terminated.

This report validates the completion report’s assessment of the project. IED overall assessment: Unsuccessful.