Regional: Supporting and Enhancing Regional Surveillance for ASEAN+3 and the Chiang Mai Initiative Multilateralization

Sovereign Project | 42065-012 Status: Approved

Summary

The RETA will strengthen ADB's support for regional economic and financial surveillance for ASEAN+3.

Latest Project Documents

Consulting Notices See also: CMS

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Procurement Notices See also: Operational Procurement

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Procurement Documents

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Project Name Supporting and Enhancing Regional Surveillance for ASEAN+3 and the Chiang Mai Initiative Multilateralization
Project Number 42065-012
Country Regional
Project Status Approved
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7810-REG: Supporting and Enhancing Regional Surveillance for ASEAN+3 and the Chiang Mai Initiative Multilateralization
Investment Climate Facilitation Fund under RCIFPF US$ 1.14 million
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Partnerships
Sector / Subsector

Finance - Banking systems and nonbank financial institutions - Money and capital markets

Public sector management - Economic affairs management - Public expenditure and fiscal management

Gender Equity and Mainstreaming No gender elements
Description The RETA will strengthen ADB's support for regional economic and financial surveillance for ASEAN+3.
Project Rationale and Linkage to Country/Regional Strategy
Impact This RETA is in response to a request from the co-chairs of the Working Team Three of the Taskforce on CMI Multilateralization to consider the means and scope for strengthening ADB support for regional economic and financial surveillance for ASEAN+3. This request comes against a backdrop where ASEAN+3 AFDM (ASEAN Finance Deputy Ministers) have made progress towards the multilateralization of the Chiang Mai Initiative (CMI). The multilateralization of the CMI swaps would require stronger regional and country economic and financial surveillance. It also reflects the increasing role that REMU previously and now OREI has been playing in surveillance in the post crisis-period. The RETA will examine ways in which ADB could play a role that would be complementary to other international financial institutions such as the IMF in supporting the economic and financial surveillance process at the regional level.

Project Outcome

Description of Outcome The outcome of the project is enhanced capacity of ASEAN+3 in regional economic surveillance.
Progress Toward Outcome
Implementation Progress
Description of Project Outputs The RETA's outputs include studies and research.
Status of Implementation Progress (Outputs, Activities, and Issues)
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

1. Administrative Consultant (International, 3 person-months) - early organizational setup of the ASEAN+3 Macroeconomic Research Office (AMRO) with office in Singapore

2. Technical Consultant (International, 3 person-months) - undertake necessary preparatory work to institutionalizing the regional surveillance process

3. Macroeconomist or Capital Markets Specialist (international, 12 person-months)

4. Economics Statistician (international, 12 person-months)

5. Public Relations Consultant (international, 6 person-months)

6. Project Coordinator (national, 12 person-months) -overall administration of the TA, based at OREI to liaise with the consultants based at AMRO

Responsible Staff

Responsible ADB Officer James Villafuerte
Responsible ADB Department Economic Research and Regional Cooperation Department
Responsible ADB Division ERCI
Executing Agencies
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines

Timetable

Concept Clearance 23 Apr 2010
Fact Finding -
MRM -
Approval 20 May 2011
Last Review Mission -
Last PDS Update 26 May 2011

TA 7810-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
20 May 2011 - 20 May 2011 31 May 2013 30 Sep 2016 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
0.00 1,140,000.00 0.00 0.00 0.00 0.00 1,140,000.00 20 May 2011 964,342.39

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

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Related Publications

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