Project Name Second Financial Sector Program Cluster - Subprogram 4
Project Number 34389-043
Country Cambodia
Project Status Closed
Project Type / Modality of Assistance Grant
Loan
Source of Funding / Amount
Grant 0238-CAM: Financial Sector Development Program (Cluster 2, Subprogram 4)
Asian Development Fund US$ 5.00 million
Loan 2706-CAM: Financial Sector Development Program (Cluster 2, Subprogram 4)
Asian Development Fund US$ 10.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change
Sector / Subsector Finance - Banking systems and nonbank financial institutions - Finance sector development - Inclusive finance - Insurance and contractual savings
Gender Equity and Mainstreaming
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact A sound, market-based finance sector that enhances financial resource mobilization
Project Outcome
Description of Outcome A growing, resilient, and efficient financial system
Progress Toward Outcome Achieved the target outcomes. M2/to GDP reached 38.3% in December 2010 compared to the target of 29% or above by 2011. Total private sector credit reached 28% of GDP in December 2010 compared to target of 24% of GDP or above by 2011. Total bank deposits reached 34.4% of GDP in December 2010 compared to target of 25% of GDP or above by 2011
Implementation Progress
Description of Project Outputs

1. Improved confidence and financial intermediation.

Modernized payments, clearance, and settlement system (PCSS)

2. Maintain stability in the finance sector.

Strengthened bank supervision capacity and measures adopted to sustain financial stability

3. Promote good governance.

International initiatives on anti-money laundering and combating the financing of terrorism promoted

4. Enhance efficiency in the finance sector.

Key operating functions of NBC fully computerized and integrated

Status of Implementation Progress (Outputs, Activities, and Issues) completed
Geographical Location
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services tbd
Procurement tbd
Responsible ADB Officer Samiuela T. Tukuafu
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SERD
Executing Agencies
National Bank of CambodiaP.O. Box 25
22-24 Norodom Blvd.
Phnom Penh, Cambodia
Timetable
Concept Clearance 16 Mar 2007
Fact Finding 25 May 2010 to 01 Jun 2010
MRM 27 Jul 2010
Approval 02 Dec 2010
Last Review Mission -
PDS Creation Date 19 Jan 2010
Last PDS Update 11 Jul 2011

GrantĀ 0238-CAM

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
02 Dec 2010 27 Jan 2011 28 Mar 2011 30 Jun 2011 - 30 Jun 2011
Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 5.00 Cumulative Contract Awards
ADB 5.00 02 Dec 2010 5.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 02 Dec 2010 5.00 0.00 100%

LoanĀ 2706-CAM

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
02 Dec 2010 27 Jan 2011 28 Mar 2011 30 Jun 2011 - 30 Jun 2011
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 10.00 Cumulative Contract Awards
ADB 10.00 02 Dec 2010 10.17 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 02 Dec 2010 10.17 0.00 100%

This project data sheet was generated from http://www.adb.org/projects/34389-043/main on 31 August 2015