Improving Project Implementation and Portfolio Performance in South Asia
The transaction technical assistance facility (TRTA facility) will provide financial management, procurement, and project management-related capacity building and support to ongoing and future projects within South Asia. Lessons learned from the implementation of TA 8555-REG have contributed to the improvement of effective procurement operations and project implementation in Asian Development Bank (ADB) funded projects in South Asia. Notwithstanding the successful implementation of the previous TA, the continuation and expansion of the scope of the TRTA facility support is essential for the growth of ADB operations in the region in response to the new operational demands under Strategy 2030. The proposed support would include country and sector specific assessments and recommendations on financial and project management, and procurement processes. Specifically, the TRTA facility will provide (i) demand driven assistance on project design and implementation; (ii) studies, seminars and workshops on financial management; (iii) enhancement of the procurement and contract management capacity of executing agencies through the engagement of IT specialists, procurement consultants and International Federation of Consulting Engineers (FIDIC) experts; and (iv) knowledge sharing of best practices.
The proposed TRTA facility is in line with one of the key operational priorities of Strategy 2030 in strengthening governance and institutional capacity as the basis for development. It will support public management reforms and financial stability and strengthen service delivery and capacity of the member countries in South Asia.
SAIs connected to this project
- Sri Lanka