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 and auditing standards; and (v) an inadequate system of financial information disclosure. Consequently, FSDP aims, through improved governance, specifically to enhance the investment environment, improve access to finance, and promote market-based incentives for providing diversified financial services aimed at encouraging private sector activity and promoting economic growth.
Latest Project Documents
|Financial Sector Development Program||Sep 2013|
|Financial Sector Development Program (December 2011)||Dec 2011|
|Financial Sector Development Program (November 2010)||Nov 2010|
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.