Lao People's Democratic Republic: Enhancing Financial Sector Supervision

Sovereign Project | 42224-012 Status: Closed


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Project Name Enhancing Financial Sector Supervision
Project Number 42224-012
Country Lao People's Democratic Republic
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7500-LAO: Enhancing Financial Sector Supervision
Technical Assistance Special Fund US$ 500,000.00
Cooperation Fund for Regional Trade and Financial Security Initiative US$ 250,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Banking systems and nonbank financial institutions - Inclusive finance

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

Project Outcome

Description of Outcome
Progress Toward Outcome Bank are subject to onsite inspections and periodic off-site evaluations. However, the quality of these supervisory interventions has room to improve and the off-site examinations are not performed in a coordinated manner. IFRS has not yet been adopted due to a lack of technical capacity. Improvements to the micro-finance examination process are ongoing but capacity to deter money laundering and terrorist financing is under-developed.
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)

Under Component 1,

Under component 2, 2 study visits were organized for the Bank of Lao regulators to the Philippines and Indonesia for their exposure to the microfinance supervision/regulation in these countries. Also, a microfinance sector assessment has been preapred under this component, which will be presented in a stakeholders' workshop on 25 March 2011 in Vientiane.

Geographical Location

Safeguard Categories

Involuntary Resettlement C
Indigenous Peoples C

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 A team of 5 international consultants (totaling 15 person-months), 2 national consultants (totaling 15 person-months), one national project administrator (totaling 18 person-months), and one research assistant (10 person-months) will be engaged individually to carry out the activities under the TA project.

Responsible Staff

Responsible ADB Officer Stephen Schuster
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SERD
Executing Agencies
Bank of the Lao People's Democratic Republic
Mr. Sayaphet Phanthaboun
Yonnet Road, P.O. Box 19
Lao People's Democratic Republic


Concept Clearance 19 Mar 2009
Fact Finding 14 May 2009 to 14 May 2009
Approval -
Last Review Mission -
PDS Creation Date 26 Oct 2009
Last PDS Update 16 Dec 2011

TA 7500-LAO

Approval Signing Date Effectivity Date Closing
Original Revised Actual
05 Feb 2010 31 Mar 2010 31 Mar 2010 30 Jun 2011 30 Apr 2012 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
500,000.00 250,000.00 150,000.00 0.00 0.00 0.00 900,000.00 05 Feb 2010 487,799.09

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

None currently available.

Related Publications

None currently available.

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