Regional: Establishment of Microinsurance in Rural Areas

Sovereign Project | 43298-012 Status: Closed

Summary

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Project Name Establishment of Microinsurance in Rural Areas
Project Number 43298-012
Country Regional
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7525-REG: Establishment of Microinsurance
Regional Cooperation and Integration Fund US$ 750,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Partnerships
Private sector 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

Mongolia diagnostic report has been finalized and gone through ADB review and edit. Now it's in the last stage--prepare for publication as it was just approved by the main concerned department.

The PRC diagnostic report is still with the PRC government for finalization.

Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)

The country diagnostic for Mongolia is completed and its final edits for publication on both ADB and Access to Insurance Initiative websites have been conducted. The report will be published once typesetting is completed. Mongolia Roadmap was prepared based on dignostic report and discussion with the government, in which capacity building and next steps in Mongolia were identified.

Consultants have presented the PRC diagnostic report to CIRC and received its confirmation. However, the government is having additional review and confirmation. When it is completed, ADB will proceed with peer review to ensure its quality and conduct necessary edit. The project should be completed in first half of 2014.

The TA project has been closed already, but it's not closed financially yet. The IA GIZ will submit to ADB the financial statement and overall project progress report shortly.

Geographical Location National, PRC and Mongolia

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation Extensive focus group discussions were taken place in PRC and Mongolia in multiple locations. Stakeholder meetings with wide participation from regulators, industry, academia, and NGOs have taken place twice in Mongolia. A large stakeholder meeting is expected in December in the PRC.

Business Opportunities

Consulting Services Consultants will be selected by GTZ using ADB Guidelines on the Use of Consultants (2007, as amended from time to time).
Procurement Procurement of goods and services will be undertaken by GTZ in accordance with ADB's Procurement Guidelines (2007, as amended from time to time).

Responsible Staff

Responsible ADB Officer Ahyoung Kim
Responsible ADB Department East Asia Department
Responsible ADB Division Public Mgt, Financial Sector and Regional Coop Division, EARD
Executing Agencies
Asian Development Bank
Betty Wilkinson
bwilkinson@adb.org
6 ADB Avenue,
Mandaluyong City 1550, Philippines

Timetable

Concept Clearance 08 May 2009
Fact Finding 16 Feb 2009 to 19 Feb 2009
MRM -
Approval -
Last Review Mission -
PDS Creation Date 14 Apr 2010
Last PDS Update 29 Mar 2014

TA 7525-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
26 Apr 2010 - 26 Apr 2010 31 Oct 2012 31 Oct 2013 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
750,000.00 0.00 100,000.00 0.00 0.00 178,000.00 1,028,000.00 26 Apr 2010 690,837.99
Title Document Type Document Date
Establishment of Microinsurance TA Completion Reports Aug 2014
Establishment of Microinsurance Technical Assistance Reports Apr 2010

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.


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