Sri Lanka: Implementing Products and Services for the Domestic Debt Market (Cluster TA)

Sovereign Project | 37280-012 Status: Closed

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Project Name Implementing Products and Services for the Domestic Debt Market (Cluster TA)
Project Number 37280-012
Country Sri Lanka
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 4421-SRI: Implementing Products and Services for the Domestic Debt Market (Cluster TA)
Technical Assistance Special Fund US$ 500,000.00
A.T.F. - Swedish T.A. Grant US$ 1.20 million
Strategic Agendas Inclusive economic growth
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Finance - Finance sector development

Gender Equity and Mainstreaming No gender elements
Project Rationale and Linkage to Country/Regional Strategy

Project Outcome

Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Sri Lanka

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

The technical assistance cluster (TAC) has six components: (i) Asset and Risk Management; (ii) Publicly Traded Securitized Bonds; (iii) Bond Derivatives; (iv) Infrastructure Bonds with Credit Insurance Guarantee; (v) Capacity Building for the Public Debt Department; (vi) Capacity Building in the Debt Market for the Ministry of Finance. A team of eight international and four domestic consultants will provide 42 person-months of consulting services.

An international consulting firm will provide a full technical proposal and will be recruited for Components 1-4 and Component 6 in accordance with ADB's Guidelines on the Use of Consultants and other arrangements satisfactory to ADB for engaging domestic consultants. The quality-based selection method will be used to select consultants because of the complexity of the TAC, which covers a number of subsectors, public and private debt markets, public and private institutional investors, retail investors, financial intermediaries, and capital market infrastructure. The issues are highly sensitive and will require high-level interaction with Government officials, Government agencies, regulators, and stakeholders. The consultants must have a high level of credibility and competence. Due to its knowledge and success in managing and issuing public debt, and prior experience in working on similar projects with the Central Bank of Sri Lanka, the National Debt Office of Sweden, a Swedish Government agency, will be chosen by direct selection to provide consultancy services for Component 5. The agency will complement the ongoing work of Riksbanken with the Central Bank of Sri Lanka.

Procurement Recruitment of consultants is expected to take place in November 2004.

Responsible Staff

Responsible ADB Officer Jennifer Romero-Torres
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
Ministry of Finance and Planning
Ms. Malanie Gamage
MOFP Colombo


Concept Clearance 02 Dec 2003
Fact Finding 26 Apr 2004 to 30 Apr 2004
Approval -
Last Review Mission -
PDS Creation Date 31 Jan 2007
Last PDS Update 14 Feb 2008

TA 4421-SRI

Approval Signing Date Effectivity Date Closing
Original Revised Actual
26 Oct 2004 08 Dec 2004 08 Dec 2004 31 Mar 2006 31 Dec 2009 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
500,000.00 1,200,000.00 0.00 0.00 0.00 0.00 1,700,000.00 26 Oct 2004 1,030,306.08

Safeguard Documents See also: Safeguards

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None currently available.

Evaluation Documents See also: Independent Evaluation

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Related Publications

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