Quarterly Portfolio Update as of 30 September 2017 ... December 2017 Quarterly Portfolio Update as of

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  • December 2017

    Quarterly Portfolio Update as of 30 September 2017 This document is being disclosed to the public in accordance with ADB's Public Communications Policy 2011.

  • In preparing our 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 2 Processing Status of 2017 Firm Loans 3 Processing Status of 2017 Firm Grant-Financed Projects 5 Processing Status of 2017 Firm Technical Assistance Grants 6 Loans Not Yet Signed 7 Grants Not Yet Signed 9 Loans That Became Effective 10 Grants That Became Effective 13 Loans Awaiting Effectiveness 16 Grants Awaiting Effectiveness 18 Loans Closed 19 Loans Closed in the Previous Year but Reported Only in the Current Year 22 Grants Closed 23 TAs Active 90 Days after Completion Date 25 Project Loan Contract Awards/Commitments 26 Project Grant Contract Awards 27 Project and Policy-Based Loan Disbursements 28 Project Loan Disbursements 29 Policy-Based Loan Disbursements 30 Project and Policy-Based Grant Disbursements 31 Project Grant Disbursements 32 Policy-Based Grant Disbursements 33 Status of Policy-Based Loan Tranche Releases 34 Status of Policy-Based Grant Tranche Releases 37 Loans and Grants with Cost Overruns 38 Cancellation of Loan/Grant Proceeds 39 Portfolio Ratings 44 Portfolio Ratings by Indicator 45 Loan Projects with Changes 46 Grant Projects with Changes 51 TAs with Major Change in Scope, Implementation Arrangements, or Both 54 Multitranche Financing Facility Projects with Changes 55 2017 Project Completion Report (PCR/XARR) Program 56 2017 Technical Assistance Completion Report (TCR) Program 57 Project Administration Missions 59 Technical Assistance Administration Missions 60

  • ram prods

    1 Excludes partially administered grants (192, 273, 342, 358).

    1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 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 (i) cofinanced loans; (ii) loan-related grants; and (iii) TAs.

    Note: Totals may not add up due to rounding.

    SOVEREIGN LOAN AND GRANT PORTFOLIOa (as of 30 September 2017)

    CWRD $16,384

    23%

    EARD $12,9071

    18%

    PARD $1,898

    3%

    SARD $26,160

    36%

    SERD $14,779

    20%

    Active Loans (amounts in million)

    Total: $72,127

    CWRD $4,266

    65%

    EARD $90 1%

    PARD $597 9%

    SARD $773 12%

    SERD $840 13%

    Active Grants (amounts in million)

    Total: $6,565

    0

    2,000

    4,000

    6,000

    8,000

    10,000

    12,000

    Actual

    $ m

    ill io

    n

    Historical Loan Disbursements Performance (2013 - September 2017)

    2013 2014 2015 2016 Sep 2017

    0

    1,000

    2,000

    3,000

    4,000

    5,000

    6,000

    7,000

    8,000

    9,000

    Actual

    $ m

    ill io

    n

    Historical Loan Contract Awards/Commitments Performance (without Policy-Based Loans, 2013 - September 2017)

    2013 2014 2015 2016 Sep 2017

    2,810

    4,730

    7,586

    12,443

    2,106

    4,049

    6,088

    0

    2,000

    4,000

    6,000

    8,000

    10,000

    12,000

    14,000

    Qtr1 Qtr2 Qtr3 Qtr4

    $ m

    ill io

    n

    2017 Contract Awards and Commitments (without Policy-Based Loans and Grants)

    Projections Actual

    2,038

    4,351

    7,159

    12,089

    1,288

    3,790

    6,251

    -

    2,000

    4,000

    6,000

    8,000

    10,000

    12,000

    14,000

    Qtr1 Qtr2 Qtr3 Qtr4

    $ m

    ill io

    n

    2017 Disbursement Performance1 (with Policy-Based Loans and Grants)

    Projections Actual

    19

    6

    15

    13

    21

    26%

    8%

    20% 18%

    28%

    0%

    5%

    10%

    15%

    20%

    25%

    30%

    35%

    40%

    0

    5

    10

    15

    20

    25

    CWRD SARD EARD PARD SERD

    Pe rc

    en ta

    ge

    N um

    be r

    Actual Problem Projects ADB: 74 projects

    68% 81%

    56% 59% 65% 69%

    19%

    17%

    30% 19% 20% 20%

    14% 3%

    14% 22%

    14% 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

    m5p Inserted Text

    m5p Text Box

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

    1 Active Portfolio No.| $mn 910 | 63,285.0 936 | 66,485.2 975 | 73,270.6 1032 | 76,250.7 1009 | 78,692.7 (a) Project No.| $mn 843 | 58,059.2 877 | 60,961.4 907 | 63,484.0 955 | 67,155.0 936 | 67,560.4 (b) Policy-Based Lending No.| $mn 43 | 2,876.2 33 | 2,877.2 33 | 5,506.7 34 | 3,479.8 28 | 4,004.2 (c) Financial Intermediation No.| $mn 20 | 1,863.6 16 | 1,464.7 19 | 2,039.2 20 | 2,595.0 19 | 2,350.7 (d) Combined Project and Financial Intermediation No.| $mn 4 | 485.9 4 | 485.4 6 | 435.0 9 | 708.1 8 | 603.6 (e) Results-Based Lending No.| $mn 0 | 0.0 6 | 696.5 10 | 1,805.6 14 | 2,312.8 18 | 4,173.8

    B. Financial Performance 1 Contract/Commitment Achievement (without policy-based loans & grants) $mn 6,425.7 8,175.5 8,146.6 9,256.0 6,088.4 2 Contract/Commitment Ratio b (without policy-based loans & grants) % 19.9 23.9 22.9 24.3 17.4 3 Disbursement Achievement $mn 7,849.2 9,055.3 10,951.6 10,995.3 6,250.9 4 Disbursement Ratio c % 20.2 21.8 25.5 24.4 13.2

    C. Portfolio Ratingsd

    1 On Track No.| % 463 | 79.0 478 | 80.2 464 | 75.8 511 | 80.3 450 | 68.6 2 Potential Problem No.| % 80 | 13.7 88 | 14.8 106 | 17.3 95 | 14.9 132 | 20.1 3 Actual Problem No.| % 43 | 7.3 30 | 5.0 42 | 6.9 30 | 4.7 74 | 11.3

    II. Loans A. Loan Portfolio

    1 Active Loan Portfolio No.| $mn 594 | 57,358.5 624 | 60,333.6 657 | 66,675.1 696 | 69,336.2 686 | 72,127.3 (a) Project Loans No.| $mn 539 | 52,319.0 572 | 54,942.3 593 | 56,976.9 625 | 60,304.7 615 | 61,024.2 (b) Policy-Based Loans No.| $mn 31 | 2,690.0 26 | 2,744.7 29 | 5,418.3 28 | 3,415.6 26 | 3,975.0 (c) Financial Intermediation Loans No.| $mn 20 | 1,863.6 16 | 1,464.7 19 | 2,039.2 20 | 2,595.0 19 | 2,350.7 (d) Combined Project and Financial Intermediation Loans No.| $mn 4 | 485.9 4 | 485.4 6 | 435.0 9 | 708.1 8 | 603.6 (e) Results-Based Lending No.| $mn 6 | 696.5 10 | 1,805.6 14 | 2,312.8 18 | 4,173.8

    2 Average Age of the Active Loan Portfolio Years 3.3 3.4 3.5 3.6 3.9 B. Start-Up Compliance

    1 Loans Approved During the Year a No. | $mn 102 | 11,768.1 108 | 11,205.0 103 | 13,304.1 121 | 13,942.9 53 | 9,039.1 2 Loans Not Yet Signed No. 59 54 43 57 30 3 Loans Awaiting Effectiveness No. 25 26 38 32 18 4 Average Time from Approval to Signing Months 3.7 3.5 3.5 3.5 3.6 5 Months 3.4 3.4 3.4 3.2 3.3 6 No.| % 250 | 49.0 252 | 46.3 260 | 45.1 257 | 42.3 272 | 42.6

    C. Financial Performance 1 Contract/Commitment Achievement (without policy-based loans) $mn 5,777.2 7,591.7 7,450.3 8,153.2 5,598.2 2 Contract/Commitment Ratio b (without policy-based loans) % 19.7 24.3 22.9 23.7 17.2 3 Disbursement Achievement $mn 7,153.0 8,483.4 10,270.2 10,273.4 5,819.3 4 Disbursement Ratio c % 20.3 22.6 26.4 25.1 13.5 5 Loan Service Payments $mn 7,269.7 5,782.3 5,025.4 5,956.5 4,450.9 6 Net Resource Transfer $mn (116.7) 2,701.0 5,244.9 4,317.0 1,368.5

    D. Portfolio Supervision 1 Loans with Extensions No. 169 181 182 187 224 2 Loan Cancellations $mn 1,155.0 732.9 700.4 952.1 718.6

    III. Grants e

    A. Grant Portfolio 1 Active Grant Portfolio No.| $mn 316 | 5,926.4 312 | 6,151.6 318 | 6,595.5 336 | 6,914.5 323 | 6,565.4

    (a) Project Grants No.| $mn 304 | 5,740.2 305 | 6,019.2 314 | 6,507.1 330 | 6,850.3 321 | 6,536.2 (b) Policy-Based Grants No.| $mn 12 | 186.3 7 | 132.5 4 | 88.4 6 | 64.2 2 | 29.2

    2 Average Age of the Active Grant Portfolio Years 3.2 3.5 3.5 3.5 4.0 B. Start-Up Compliance

    1 Grants Approved During the Year a No. | $mn 54 | 1,323.2 48 | 632.3 57 | 898.0 67 | 1,077.4 17 | 163.3 2 Grants Not Yet Sign