Regional: Technical Training and Capacity Building for Selected Asian Countries on Regional Economic and Financial Monitoring

Sovereign Project | 41539-012

Summary

The proposed TA has four main objectives: (i) to foster the capacity of officials from finance ministries and central banks of DMCs in economic and financial surveillance (ii) to provide relevant inputs for economic policy making activities through technical training programs and researches (iii) to pave the way for AMRO to play an expected role at earliest possible time by promoting surveillance expertise built on shared principles and techniques across the region (iv) to modernize the national surveillance units in ASEAN through an intensive case study methodology which will examine their unique economic circumstances and explore their decade long achievement and regional approach to economic surveillance.

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Project Name Technical Training and Capacity Building for Selected Asian Countries on Regional Economic and Financial Monitoring
Project Number 41539-012
Country Regional
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7497-REG: Technical Training and Capacity Building for Selected Asian Countries on Regional Economic and Financial Monitoring
Technical Assistance Special Fund US$ 1.20 million
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Sector / Subsector Public sector management - Economic affairs management
Gender Equity and Mainstreaming No gender elements
Description The proposed TA has four main objectives: (i) to foster the capacity of officials from finance ministries and central banks of DMCs in economic and financial surveillance (ii) to provide relevant inputs for economic policy making activities through technical training programs and researches (iii) to pave the way for AMRO to play an expected role at earliest possible time by promoting surveillance expertise built on shared principles and techniques across the region (iv) to modernize the national surveillance units in ASEAN through an intensive case study methodology which will examine their unique economic circumstances and explore their decade long achievement and regional approach to economic surveillance.
Project Rationale and Linkage to Country/Regional Strategy
Impact Strengthen the institutional and technical capacity of countries in economic and financial monitoring, and in formulating effective economic policies through enhanced regional cooperation including effective management of the CMIM.
Project Outcome
Description of Outcome Enhanced capacity of finance ministries and central bank staffs in regional economic and financial monitoring and macro economic policy formulation.
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

About 120 150 mid level staffs from finance ministries and central banks of selected DMCs trained through 3 4 batches of semiannual education program 2. Case study research on economic and financial monitoring and macroeconomic policy formulation

Case study research on economic and financial monitoring and macroeconomic policy formulation

Status of Implementation Progress (Outputs, Activities, and Issues)

Two batches of training was conducted in 2010. The first batch was held in Seoul, Republic of Korea last 17 May - 11 June 2010, benefiting 35 staff from finance ministries and central banks of selected DMCs. The second batch, which was attended by 31 staff, was held in ADB Headquarters last 6 September - 1 October 2010.

On 2-20 May 2011, the first batch of training for 2011 was held in Seoul, Republic of Korea.

An international consultant was engaged to conduct a case study on regional economic surveillance and macroeconomic policies formulated by selected countries. It tried to provide lessons and implications of establishing surveillance units in countries to prevent the occurrence of a financial crisis in the future.

Geographical Location
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 Individual Consultants International 1. Macroeconomists Economists (15 PM total) National 1. Economic Analyst and Proj. Coordinator (12 PM) 2. Events Coordinator (16 PMs) Resource Persons (1.2 PMs)
Responsible ADB Officer Hoe Yun Jeong
Responsible ADB Department Office of Regional Economic Integration
Responsible ADB Division Office of Regional Economic Integration
Executing Agencies
Asian Development BankHoe Yun Jeonghyjeong@adb.org6 ADB Avenue, Mandaluyong City 1550, Philippines
Timetable
Concept Clearance 15 Oct 2009
Fact Finding 11 Mar 2010 to 25 Mar 2010
MRM -
Approval 12 Feb 2010
Last Review Mission -
PDS Creation Date 27 Oct 2010
Last PDS Update 25 May 2011

TA 7497-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
12 Feb 2010 - 12 Feb 2010 31 Jul 2011 31 Oct 2013 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,200,000.00 0.00 0.00 0.00 0.00 0.00 1,200,000.00 12 Feb 2010 1,173,057.77

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.


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