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 Approved
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

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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.

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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.

Project Data Sheets (PDS)

Responsible ADB Officer
Anqian Huang
Email contact

Responsible ADB Department
South Asia Department

Responsible ADB Divisions
Public Management, Financial Sector and Trade Division, SARD

Executing Agencies
Ministry of Finance

PDS Creation Date
31 Jan 2007

Last PDS Update
21 Oct 2013

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