quarterly portfolio update as of 31 march 2019 quarterly portfolio updatefor sovereign operations as

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  • June 2019

    Quarterly Portfolio Update for Sovereign Operations as of 31 March 2019 This document is being disclosed to the public in accordance with ADB's Access to Information Policy.

  • Vice-President Deborah Stokes, Administration and Corporate Management Director General Risa Zhijia Teng, Procurement, Portfolio and Financial Management

    Department (PPFD) Director Rehan Kausar, Portfolio Management Division, PPFD Team leader Yuji Ono, Principal Portfolio Management Specialist, PPFD Team members Jennifer Baento, Portfolio Management Analyst, PPFD

    Paulita Comia, Portfolio Management Officer, PPFD Odessa Dyloco-Canto, Senior Portfolio Management Officer, PPFD Regina Angela Ladaban, Portfolio Management Analyst, PPFD Ma. Charina Lantican, Associate Portfolio Management Analyst, PPFD Cerissa Camelle Obillos, Associate Portfolio Management Analyst, PPFD Melinda Platon, Portfolio Management Analyst, PPFD Michelle Luz Tan, Senior Portfolio Management Officer, PPFD

    Luz Vargas, Portfolio Management Officer (Systems Support), PPFD

    In preparing any country program or strategy, financing any project, or by making any designation of or reference to a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

  • CONTENTS Page

    Sovereign Loan and Grant Portfolio 1 ADB Sovereign Portfolio Management Indicators 3 Processing Status of 2019 Firm Loans 4 Processing Status of 2019 Firm Grant-Financed Projects 5 Processing Status of 2019 Firm Technical Assistance Grants 6 Loans Not Yet Signed 7 Grants Not Yet Signed 8 Loans That Became Effective 9 Grants That Became Effective 11 Loans Awaiting Effectiveness 13 Grants Awaiting Effectiveness 15 Loans Closed 17 Loans Closed in the Previous Year but Reported Only in the Current Year 19 Grants Closed 20 Grants Closed in the Previous Year but Reported Only in the Current Year 21 Loans and Grants with Age 8 Years or More 22 TAs Active 90 Days After Completion Date 25 Project Loan Contract Awards 27 Project Grant Contract Awards 28 Project and Policy-Based Loan Disbursements 29 Project Loan Disbursements 30 Policy-Based Loan Disbursements 31 Project and Policy-Based Grant Disbursements 32 Project Grant Disbursements 33 Policy-Based Grant Disbursements 34 Status of Policy-Based Loan Tranche Releases 35 Status of Policy-Based Grant Tranche Releases 37 Loans and Grants with Cost Overruns 38 Cancellation of Loan/Grant Proceeds 39 Portfolio Ratings 42 Portfolio Ratings by Indicator 43 Loan Projects with Changes 44 Grant Projects with Changes 46 TAs with Major Change in Scope, Implementation Arrangements, or Both 47 Multitranche Financing Facility with Changes 48 2019 Project Completion Report (PCR/XARR) Program 49 2019 Technical Assistance Completion Report (TCR) Program 50 Project Administration Missions 52 Technical Assistance Administration Missions 53

  • 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

    1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

    a Exclude partially administered loans and grants.

    Note: Numbers may not sum precisely because of rounding.

    SOVEREIGN LOAN AND GRANT PORTFOLIOa (as of 31 March 2019)

    CWRD $14,909

    20%

    EARD $13,251

    18%

    PARD $2,035

    3%

    SARD $29,389

    40%

    SERD $14,742

    20%

    Active Committed Loans (amounts in million)

    Total: $74,326

    CWRD $4,7338

    64%

    EARD $167 2%

    PARD $693 9%

    SARD $894 12%

    SERD $880 12%

    Active Committed Grants (amounts in million)

    Total: $7,368

    0

    2,000

    4,000

    6,000

    8,000

    10,000

    12,000

    14,000

    Actual

    $ m

    ill io

    n

    Historical Loan Disbursements Performance (with Policy-Based Loans, 2015 - Mar 2019)

    2015 2016 2017 2018 Mar-19

    0

    2,000

    4,000

    6,000

    8,000

    10,000

    12,000

    Actual

    $ m

    ill io

    n

    Historical Loan Contract Awards Performance (without Policy-Based Loans, 2015 - Mar 2018)

    2015 2016 2017 2018 Mar-19

    6,679

    9,409

    12,674

    17,703

    2,463

    0

    2,000

    4,000

    6,000

    8,000

    10,000

    12,000

    14,000

    16,000

    18,000

    20,000

    Qtr1 Qtr2 Qtr3 Qtr4

    $ m

    ill io

    n

    2019 Contract Awards Performance (without Policy-Based Loans and Grants)

    Projections Actual

    5,217

    8,521

    11,418

    15,563

    2,385 -

    2,000

    4,000

    6,000

    8,000

    10,000

    12,000

    14,000

    16,000

    18,000

    Qtr1 Qtr2 Qtr3 Qtr4

    $ m

    ill io

    n

    2019 Disbursement Performance (with Policy-Based Loans and Grants)

    Projections Actual

    16

    9

    12

    6

    30

    22%

    12%

    16%

    8%

    41%

    0%

    5%

    10%

    15%

    20%

    25%

    30%

    35%

    40%

    45%

    0

    5

    10

    15

    20

    25

    30

    35

    CWRD SARD EARD PARD SERD

    N um

    be r

    Actual Problem Projects ADB: 73 projects

    67% 80% 74% 65%

    58% 70%

    22%

    16% 16%

    25%

    21%

    19%

    12% 4% 10% 10%

    21% 11%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    80%

    90%

    100%

    CWRD SARD EARD PARD SERD ADB

    Portfolio Performance Ratings

    On Track Potential Problem Actual Problem

    1

  • Note: For the ease of streamlining and reporting efficiency, effective Q1 2019, the Quarterly Status of Project Completion Report (PCR) and Technical Assistance Completion Report (TCR) to the Board previously reported separately has now been merged into the Quarterly Portfolio Update for Sovereign Operations.

    Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Projected 0 1 4 4 4 23 23 28 75 75 75 75 Actual 1 1 2

    0

    10

    20

    30

    40

    50

    60

    70

    80

    N um

    be r

    2019 PCR Program Projected vs. Actual

    Cumulative Circulation

    CWRD SARD EARD PARD SERD PSOD Projected 14 15 6 8 12 20 Actual 2 0 0 0 0 0 % Achieved 14 0 0 0 0 0

    0

    20

    40

    60

    80

    100

    120

    0

    5

    10

    15

    20

    25

    Pe rc

    en t

    N um

    be r

    2019 PCR Program Projected vs. Actual Achievement

    (as of 31 March 2019)

    Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Projected 0 0 18 18 23 64 67 68 130 130 130 130 Actual 4 5 18

    0

    20

    40

    60

    80

    100

    120

    140

    N um

    be r

    2019 TCR Program Projected vs. Actual

    Cumulative Circulation

    CWRD SARD EARD PARD SERD PSOD KMSD OTHERS Projected 15 19 17 10 15 10 26 18

    Actual 3 0 5 1 3 2 2 2

    % Achieved 20 0 29 10 20 20 8 11

    0

    5

    10

    15

    20

    25

    30

    35

    0

    5

    10

    15

    20

    25

    30

    Pe rc

    en t

    N um

    be r

    2019 TCR Program Projected vs. Actual Achievement

    (as of 31 March 2019)

    2

  • I. Loans and Grants A. Loan and Grant Portfolio

    1 Active Committed Portfolio No.| $mn 915 | 68,295.2 965 | 68,885.0 1,004 | 76,701.2 1,056 | 84,524.9 1,032 | 81,693.5 (a) Project No.| $mn 851 | 59,392.7 904 | 62,050.5 927 | 65,834.8 976 | 72,131.9 960 | 71,095.1 (b) Policy-Based Lending No.| $mn 32 | 5,207.7 26 | 2,804.8 35 | 3,952.7 30 | 3,673.9 22 | 1,943.7 (c) Financial Intermediation No.| $mn 16 | 1,579.2 16 | 1,597.5 16 | 2,085.0 19 | 2,867.6 19 | 2,803.5 (d) Combined Project and Financial Intermediation No.| $mn 6 | 435.0 7 | 494.5 7 | 578.6 9 | 1,068.2 9 | 1,068.2 (e) Results-Based Lending No.| $mn 10 | 1,680.6 12 | 1,937.8 19 | 4,250.1 22 | 4,783.2 22 | 4,782.9

    B. Financial Performance 1 Contract Award Achievement (without policy-based loans & grants) $mn 8,192.5 9,431.0 9,596.6 10,245.0 2,463.4 2 Contract Award Ratioa (without policy-based loans & grants) % 26.1 29.7 27.6 25.7 7.8 3 Disbursement Achievement $mn 11,067.1 11,066.1 10,434.5 12,806.9 2,385.1 4 Disbursement Ratiob % 29.5 27.3 25.8 27.7 4.8

    C. Portfolio R

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