Closer communication and coordination between ADB and the implementing agencies (IAs) are necessary to ensure timely loan closing. The loan closing took about 21 months. One of the major reasons was that some of the withdrawal application papers submitted by the IAs were incomplete or inconsistent and clarifications or corrections of these took a long time. ADB’s review and clearance on these clarifications was also slow in several cases.
Report Date
Project Name
Guangxi Beibu Gulf Cities Development Project
Project Number
43023-013
Report Source
Self-evaluation
Country
China, People's Republic of
Sector
Themes