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37164-023: Financial Sector Development Program (formerly Financial Sector & Nonbank Financial Institutions Reform Program) - Program Loan
Project Data Sheet (PDS): Overview
Description
The FSDP aims to address the main constraints in the financial system that impede financial sector development and efficient financial intermediation. The main constraints include (i) a weak legal, regulatory, and supervisory regime; (ii) poor governance structures and inefficient operations of financial institutions; (iii) vulnerability to malpractice for lack of effective anti-money laundering (AML) and combating the financing of terrorism (CFT) regimes; (iv) the absence of national accounting... Read More
| Country |
Bhutan |
|---|---|
| Project Number | 37164-023 |
| Project Type or Modality of Assistance |
Technical Assistance Loan |
| Financing | Public sector (Sovereign) |
| Status | Closed |
| Approval Numbers |
TA No. 4885 Loan No. 2280 Loan No. 2279 |
| Approval Date | 07 Dec 2006 |
| Closing Date | 30 Jul 2012 |
| ADB Financing ($ thousand) | 13,250 |
| Geographical Location | Bhutan |
| Sector / Subsector Classification |
Finance / Finance Sector Development |
| Thematic Classification | Economic growth Governance Private sector development |
| Safeguard Categories |
Environment: C Resettlement: C Indigenous People: C |
Related Projects
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.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
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.
Responsible ADB Officer
Chia-Hsin Hu
Email contact form
Responsible ADB Department
South Asia Department
Responsible ADB Divisions
Governance, Finance and Trade Division, SARD
Executing Agencies
Ministry of Finance
PDS Creation Date
04 Sep 2007
Last PDS Update
02 Jan 2013