Indonesia: Fiscal and Public Expenditure Management Program

The program aimed to reduce income inequality and improve social sector spending—such as pro-poor-related expenditures on education, health and social security, and public infrastructure. Its expected impact was a reduced household income inequality, which is aligned with the National Medium-term Development Plan, 2015–2019. The expected outcome was improved social sector and infrastructure spending by 2021.
This report validates the completion report's assessment of the program. IED overall assessment: Successful.

People's Republic of China: Yuxi–Mohan Subregional Railway Link Project

The technical assistance (TA) was expected to prepare the due diligence documents required for the ensuing loan, i.e., Yuxi-Mohan Subregional Railway Link Project. This included technical, energy, economic and financial assessments, as well as documents pertaining to railway logistics subcorridor, multimodal hub, governance, safeguards, poverty and social analyses. The 503.9 kilometers (km) class I electrified main railway line would serve domestic traffic and have the potential to support intercountry traffic in the Greater Mekong Subregion (GMS) in the future.

Pakistan: Enabling Economic Corridors through Sustainable Transport Sector Development

The technical assistance (TA) was designed to improve the capacity of the Government of Pakistan to develop and manage the country’s transport system in a coordinated, efficient, safe, and sustainable manner.
This report validates the completion report's assessment of the TA. IED overall assessment is successful.

Viet Nam: Public–Private Partnership Support Project

The project sought to address these issues through a loan to help the government enhance the environment for the use of PPPs to spur additional infrastructure development, as well as establish a pipeline of PPP infrastructure projects. The intention was to strengthen institutions to support the development of bankable PPP projects and improve the institutional framework and capacity for the advancement of PPPs.
This report validates the completion report's assessment of the project. IED overall assessment: Less than successful.

Indonesia: Stepping Up Investments for Growth Acceleration Program (Subprograms 1, 2, and 3)

The program aimed to improve the country’s global competitiveness to attract foreign and domestic investments, in line with ADB’s country partnership strategies (CPSs) for Indonesia, 2012–2019. This would require (i) reducing the cost of doing business, (ii) improving the private sector participation framework for developing infrastructure through new financing modalities, and (iii) improving public procurement to allow for a larger spending in infrastructure.
This report validates the completion report's assessment of the project. IED overall assessment: Successful.

Jana Small Finance Bank Limited (formerly known as Janalakshmi Financial Services Limited) Debt Financing in India (Loan No. 7481)

ON GOING EVALUATION. In June 2016, the ADB Board of Directors approved a loan of up to $150 million (in rupee equivalent) to JSFB, which could take the form of either a bilateral loan or subscription to nonconvertible debentures. ADB also approved access to technical assistance (TA) of up to $250,000 under the regional Technical Assistance for Business Development and Implementation Support for Non-Sovereign Operations project. 

Fraud warning: individuals misusing the European Investment Bank's name

In light of recent fraudulent activity reported by the Commission de Surveillance du Secteur Financier (CSSF), the EIB warns the public against unknown persons who falsely state that they are working for the “Banque européenne d’investissement.” These fraud schemes solicit possible investors and encourage potential victims to provide personal data and transfer funds.

Egypt: African Development Bank approves USD 271 million for the Food Security and Economic Resilience Support Program

The African Development Bank Board of Directors approved a loan of USD 271 million to finance Egypt’s Food Security and Economic Resilience Support Program to support efforts to mitigate the impact of the global shocks on the domestic economy from the Russia-Ukraine conflict and to preserve resilience.
The program includes two major components: Support for the Food Security Response and Build Private Sector and Fiscal Resilience.