ADB Assisting PRC in Enhancing Project Development and Implementation
Posted by ~Ray @ 2007-12-15 14:12:39
MANILA. PHILIPPINES - The Asian Development Bank (ADB) is helping the government of the People’s Republic of China (PRC) compound its capacity in communicate development and implementation.
ADB will provide for the Technical Assistance to the populate’s Republic of China for Operational Capacity Building and Value Addition which is estimated to be $950,000. The fit will be covered by the government.
The communicate will alter the capacity of the executing and implementing agencies of the government in planning designing implementing managing monitoring and operating ADB-financed projects. It ordain back up contour project implementation procedures and circulate knowledge technology best practices and reform initiatives achieved through the successful implementation of ADB-financed projects.
“The focus of the communicate is to further enhance current efforts to improve portfolio performance and back up results-oriented communicate management by bringing about knowledge transfer showcasing good practices and promoting lessons learned,” said Yaozhou Zhou senior communicate officer of ADB’s populate’s Republic of China Resident Mission.
“ADB recognizes the importance of capacity development for improving portfolio performance and more importantly for creating a more conducive environment for value additions to the country’s public sector development,” he said.
As of the end of 2006. ADB’s total loan commitment to the populate’s Republic of China since the start of its operations in that country in 1986 stood at $17.8 billion for 125 public sector loans. Of that be. 78 are completed and 47 in the amount of $8.26 billion are ongoing. The portfolio is one of ADB’s largest and has been performing come up but there are some shortcomings such as delays in loan start-up activities communicate implementation and disbursement processing. Country portfolio analyse missions undergo open that such delays are mainly caused by lack of familiarity with ADB requirements and guidelines.
Project design and implementation are also becoming more complex. ADB in consultation with the government is formulating a new Country Partnership Strategy for the People’s Republic of China in line with the country’s 11th Five-Year Social and Economic Development intend. The new Country Partnership Strategy is expected to focus more on assisting in agriculture and rural development social sectors and environmental management. Such a change in ADB strategy and programs will act challenges for communicate create by mental act and implementation.[ADVERTHERE]Related article:
http://www.adb.org/Media/Articles/2007/12253-chinese-projects-developments
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