Final evaluation: Inclusive finance project

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Evaluation Plan:
2016-2020, China
Evaluation Type:
Final Project
Planned End Date:
12/2018
Completion Date:
09/2018
Status:
Completed
Management Response:
Yes
Evaluation Budget(US $):
6,896

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Title Final evaluation: Inclusive finance project
Atlas Project Number: 00041442
Evaluation Plan: 2016-2020, China
Evaluation Type: Final Project
Status: Completed
Completion Date: 09/2018
Planned End Date: 12/2018
Management Response: Yes
Focus Area:
  • 1. Poverty and MDG
  • 2. Others
Corporate Outcome and Output (UNDP Strategic Plan 2014-2017)
  • 1. Output 1.2. Options enabled and facilitated for inclusive and sustainable social protection
SDG Goal
  • Goal 1. End poverty in all its forms everywhere
  • Goal 10. Reduce inequality within and among countries
SDG Target
  • 1.1 By 2030, eradicate extreme poverty for all people everywhere, currently measured as people living on less than $1.25 a day
  • 1.2 By 2030, reduce at least by half the proportion of men, women and children of all ages living in poverty in all its dimensions according to national definitions
  • 10.1 By 2030, progressively achieve and sustain income growth of the bottom 40 per cent of the population at a rate higher than the national average
Evaluation Budget(US $): 6,896
Source of Funding: Project budget
Evaluation Expenditure(US $): 6,896
Joint Programme: No
Joint Evaluation: No
Evaluation Team members:
Name Title Email Nationality
Xingyuan Feng fengxy_cipa@163.com
Xingyuan Feng fengxy_cipa@163.com
GEF Evaluation: No
Key Stakeholders: China International Center for Economic and Technical Exchanges
Countries: CHINA, PEOPLE'S REPUBLIC
Comments:

Comment by Yiting Qi, 11/21/2017

We have been discussing with CICETE, the governmental implementing partner, about conducting the final evaluation for this project for some time. So far, CICETE has not determined on whether the project will be closed in this year and whether the final evaluation will be conducted. Due to the current situation, we proposed to postpone the evaluation to next year while waiting to partner's confirmation.

Lessons
Findings
Recommendations
1

It is necessary to continue the implementation of the on-going projects by improving their organization structure and their execution mode. For example, continue  the Inclusive Financial Innovation Center Project. 

2

It is necessary for the suspended projects to resume the implementation under the premise of enough fund. The innovative business mode of internet finance has been suspended due to the withdrawal of the partners, but we can still change to other partners. For example, we can cooperate with another P2P platform enterprise.Besides, we can cooperate with the People’s Bank of China again to publish acdemic magazines. 

3

Continue to explore new pilot models for Inclusive Finance Projects, and promote some of the successful models to other areas in China. we need improve the management effectiveness of  projects with higher operational risks. If necessary, we can add fund to guarantee the project. 

4

Resume cooperation with some key institutions and try to carry out similar cooperation with People's Bank of China and other policy banks to establish micro-financial development investment funds.

5

Consider further innovative inclusive finance investment plans. For example, consider issuing inclusive finance investment bonds, thereby obtaining wholesale funds for investment in Inclusive Finance Projects.

1. Recommendation:

It is necessary to continue the implementation of the on-going projects by improving their organization structure and their execution mode. For example, continue  the Inclusive Financial Innovation Center Project. 

Management Response: [Added: 2018/11/22]

Since Shanghai JiaoTong University Inclusive Financial Innovation Center has not yet fully implemented the prescribed work, it will suspend its related businesses, including both the operation and the financing part. The center needs to submit a new work plan to the board of directors for further discussion, but all projects will be stopped before the decision. 

Key Actions:

2. Recommendation:

It is necessary for the suspended projects to resume the implementation under the premise of enough fund. The innovative business mode of internet finance has been suspended due to the withdrawal of the partners, but we can still change to other partners. For example, we can cooperate with another P2P platform enterprise.Besides, we can cooperate with the People’s Bank of China again to publish acdemic magazines. 

Management Response: [Added: 2018/11/22]

For the P2P project, due to its high risk and problems related in supervision, we will stop the P2P project first, but we may introduce some new innovative models for internet finance, such as digital financing, and hold E-payment experience sharing seminars in the future. 

Key Actions:

3. Recommendation:

Continue to explore new pilot models for Inclusive Finance Projects, and promote some of the successful models to other areas in China. we need improve the management effectiveness of  projects with higher operational risks. If necessary, we can add fund to guarantee the project. 

Management Response: [Added: 2018/11/22]

For the recommendations three, four and five.
We will close all the current Inclusive Finance Projects because a new SDG Financing Project has been started. The institutions fostered by the Inclusive Finance Projects will be transposed in SDG Financing Project. 
We will hold the inclusive financing advisory meetings continuously and cooperative with the relevant regulatory authorities. 
We will incorporate inclusive finance into SDG financing project and make it a new activity in the SDG Finance Project.

Key Actions:

4. Recommendation:

Resume cooperation with some key institutions and try to carry out similar cooperation with People's Bank of China and other policy banks to establish micro-financial development investment funds.

Management Response: [Added: 2018/11/22]

We will close all the current Inclusive Finance Projects because a new SDG Financing Project has been started. The institutions fostered by the Inclusive Finance Projects will be transposed in SDG Financing Project. 
We will hold the inclusive financing advisory meetings continuously and cooperative with the relevant regulatory authorities. 
We will incorporate inclusive finance into SDG financing project and make it a new activity in the SDG Finance Project.
 

Key Actions:

5. Recommendation:

Consider further innovative inclusive finance investment plans. For example, consider issuing inclusive finance investment bonds, thereby obtaining wholesale funds for investment in Inclusive Finance Projects.

Management Response: [Added: 2018/11/22]

We will close all the current Inclusive Finance Projects because a new SDG Financing Project has been started. The institutions fostered by the Inclusive Finance Projects will be transposed in SDG Financing Project. 
We will hold the inclusive financing advisory meetings continuously and cooperative with the relevant regulatory authorities. 
We will incorporate inclusive finance into SDG financing project and make it a new activity in the SDG Finance Project.
 

Key Actions:

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