Cambodia: Third Financial Sector Program - Subprogram 2

Sovereign Project | 42305-023 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.

Latest Project Documents


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Project Name Third Financial Sector Program - Subprogram 2
Project Number 42305-023
Country Cambodia
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 3002-CAM: Third Financial Sector Program - Subprogram 2
Asian Development Fund US$ 15.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Finance sector development

Gender Equity and Mainstreaming
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 The proposed subprogram 2 will include policy reforms to strengthen Cambodia's financial sector and will have no direct impact on the environment.
Involuntary Resettlement The proposed program will not involve construction or rehabilitation, no land acquisitions will be required, and it has no potential to cause loss of assets, resources or income.
Indigenous Peoples The proposed program is intended to strengthen the overall financial sector and will have no component that will negatively 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 The practice for wide consultation among relevant stakeholders has continued during the implementation on the specific issues in the policy matrix.

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 12 Apr 2010
Fact Finding 13 Sep 2012 to 21 Sep 2012
MRM 15 Nov 2012
Approval -
Last Review Mission -
Last PDS Update 25 Sep 2013

Loan 3002-CAM

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
14 May 2013 26 Aug 2013 22 Nov 2013 31 Dec 2013 - 31 Dec 2013
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 15.00 Cumulative Contract Awards
ADB 15.00 14 May 2013 15.22 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 14 May 2013 15.22 0.00 100%
Title Document Type Document Date
Third Financial Sector Program - Subprograms 1-3: Program Completion Report Project/Program Completion Reports Jun 2016
Loan Agreement (Special Operations) for Third Financial Sector Program - Subprogram 2 Loan Agreement (Special Operations) Aug 2013
Third Financial Sector Program - Subprogram 2 Reports and Recommendations of the President Apr 2013

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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