Bhutan: Strengthening Royal Monetary Authority's Regulatory Capacity for Nonbank Financial Institutions

Sovereign Project | 42244-012 Status: Closed

Summary

Latest Project Documents


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Project Name Strengthening Royal Monetary Authority's Regulatory Capacity for Nonbank Financial Institutions
Project Number 42244-012
Country Bhutan
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8076-BHU: Strengthening Royal Monetary Authority's Regulatory Capacity for Nonbank Financial Institutions
Japan Fund for Poverty Reduction US$ 525,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Partnerships
Private sector development
Sector / Subsector

Finance - Banking systems and nonbank financial institutions

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

Project Outcome

Description of Outcome
Progress Toward Outcome Ongoing.
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues) All activities under the TA have been completed. TA is closed.
Geographical Location

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design RMA and MOF participated and were consulted during the TA Fact-Finding Mission.
During Project Implementation

All stakeholders will be constantly engaged during the TA implementation through the series of training sessions.

Furthermore, each international consultant will submit an inception report to the RMA and ADB within 2 weeks of the start of work and a draft final report 2 weeks before the end of the engagement. The inception report and finalization of the draft final reports will be discussed at tripartite meetings involving the RMA, the consultants, and ADB. RMA will provide a brief report on the progress made in supervision activities on a yearly basis for the next three years.

Business Opportunities

Consulting Services tbd

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
Royal Monetary Authority of Bhutan
P.O. Box No. 154
Thimphu
Bhutan

Timetable

Concept Clearance -
Fact Finding -
MRM -
Approval -
Last Review Mission -
Last PDS Update 24 Sep 2014

TA 8076-BHU

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
11 May 2012 07 Jun 2012 07 Jun 2012 31 May 2013 31 Oct 2013 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
0.00 525,000.00 70,000.00 0.00 0.00 0.00 595,000.00 11 May 2012 452,027.45

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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