Project Data Sheet

Project Data Sheets (PDS) contain summary information on the project or program: Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

PDS Creation Date 15 Apr 2010
PDS Updated as of 06 Sep 2011

Project Name Second Financial Sector Program Cluster - Subprogram 4
Country Cambodia
Project/Program Number 34389-043
Status Closed
Geographical Location
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.
Sector Multisector
Subsector Multisector
Strategic Agendas
Drivers of Change
Gender Equity and Mainstreaming Categories Some gender benefits

Financing

Type/Modality of Assistance Approval Number Source of Funding Approved Amount (thousand)
Grant0238Asian Development Fund5,000
Loan2706Asian Development Fund10,000
TOTAL US$ 15,000

Safeguard Categories

For more information about the safeguard categories, please see http://www.adb.org/site/safeguards/safeguard-categories

Environment C
Involuntary Resettlement C
Indigenous Peoples C

Summary of Environmental and Social Issues

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples

Stakeholder Communication, Participation and Consultation

During Project Design
During Project Implementation

Description

Project Rationale and Linkage to Country/Regional Strategy

Development 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 Towards 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

Outputs and 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
Status of Development Objectives
Material Changes

Business Opportunities

Date of First Listing 2011 Mar 15
Consulting Services
tbd
Procurement
tbd
Procurement and Consulting Notices
http://www.adb.org/projects/34389-043/business-opportunities

Timetable

Concept Clearance 16 Mar 2007
Fact-finding 25 May 2010 to 01 Jun 2010
Management Review Meeting 27 Jul 2010
Approval 02 Dec 2010
Last Review Mission

Milestones

Approval No. Approval Signing Effectivity Closing
Original Revised Actual
Grant 0238 02 Dec 2010 27 Jan 2011 28 Mar 2011 30 Jun 2011 30 Jun 2011

Utilization

Date Approval Number ADB (US$ thousand) Others (US$ thousand) Net Percentage
Cumulative Contract Awards
20 Sep 2014 Grant 0238 5,000 0 100.00%
Cumulative Disbursements
20 Sep 2014 Grant 0238 5,000 0 100.00%

Status of Covenants

Covenants are categorized under the following categories—audited accounts, safeguards, social, sector, financial, economic, and others. Covenant compliance is rated by category by applying the following criteria: (i) Satisfactory—all covenants in the category are being complied with, with a maximum of one exception allowed, (ii) Partly Satisfactory—a maximum of two covenants in the category are not being complied with, (iii) Unsatisfactory—three or more covenants in the category are not being complied with. As per the 2011 Public Communications Policy, covenant compliance ratings for Project Financial Statements apply only to projects whose invitation for negotiation falls after 2 April 2012.

Approval No. Category
Sector Social Financial Economic Others Safeguards Project Financial Statements
Grant 0238
Loan 2706

Contacts and Update Details

Responsible ADB Officer Samiuela T. Tukuafu (stukuafu@adb.org)
Responsible ADB Department Southeast Asia Department
Responsible ADB Divisions Public Management, Financial Sector and Trade Division, SERD
Executing Agencies National Bank of Cambodia
*

Links

Project Website http://www.adb.org/projects/34389-043/main
List of Project Documents http://www.adb.org/projects/34389-043/documents