Cambodia: Third Financial Sector Program - Subprogram 1

Sovereign Project | 42305-013 Status: Closed

Summary

ADB is supporting Cambodia’s reforms to promote the growth of its financial system and make it more resilient and efficient. The project will maintain stability in the financial sector, improve market confidence and financial intermediation, promote good governance, and enhance the efficiency of the financial sector.

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Project Name Third Financial Sector Program - Subprogram 1
Project Number 42305-013
Country Cambodia
Project Status Closed
Project Type / Modality of Assistance Loan
Technical Assistance
Source of Funding / Amount
Loan 2815-CAM: Third Financial Sector Program - Subprogram 1
Asian Development Fund US$ 15.00 million
TA 7934-CAM: Implementing Subprogram 2 of the Third Financial Sector Program
Technical Assistance Special Fund US$ 800,000.00
Cooperation Fund for Regional Trade and Financial Security Initiative US$ 300,000.00
TA 7934-CAM: Implementing Subprogram2 of the Third Financial Sector Program
Financial Sector Development Partnership Fund US$ 500,000.00
TA 7934-CAM: Implementing Subprogram 2 of the Third Financial Sector Program (Supplementary)
Technical Assistance Special Fund US$ 300,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Finance sector development

Gender Equity and Mainstreaming Some gender elements
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Project Outcome

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

Safeguard Categories

Environment C
Involuntary Resettlement C
Indigenous Peoples C

Summary of Environmental and Social Aspects

Environmental Aspects No environmental impact anticipated
Involuntary Resettlement The program requires no construction or rehabilitation work. It is not expected to require land acquisition and it has no potential to cause loss of assets, resources or income
Indigenous Peoples The program has no component that would impact indigenous people
Stakeholder Communication, Participation, and Consultation
During Project Design Wide stakeholder consultation during factfinding from 18-28 July 2011. Prior to that, a series of workshops with government, private sector and development partners were held to discuss the draft financial sector development strategy (FSDS) 2011-2020. The program will be designed within the approved framework of the FSDS 2011-2020.
During Project Implementation

Responsible Staff

Responsible ADB Officer Hiroyuki Aoki
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SERD
Executing Agencies
National Bank of Cambodia
P.O. Box 25
22-24 Norodom Blvd.
Phnom Penh, Cambodia

Timetable

Concept Clearance 16 Apr 2010
Fact Finding 17 Jul 2011 to 29 Jul 2011
MRM 06 Sep 2011
Approval -
Last Review Mission -
PDS Creation Date 16 Apr 2010
Last PDS Update 11 Jul 2011

Loan 2815-CAM

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
29 Nov 2011 20 Dec 2011 08 Feb 2012 31 May 2012 - 31 May 2012
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 15.00 Cumulative Contract Awards
ADB 15.00 29 Nov 2011 14.74 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 29 Nov 2011 14.74 0.00 100%

TA 7934-CAM

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
29 Nov 2011 30 Dec 2011 30 Dec 2011 14 Jul 2013 30 Nov 2015 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,100,000.00 800,000.00 150,000.00 0.00 0.00 0.00 2,050,000.00 29 Nov 2011 1,472,031.10

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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