Indonesia: Financial Market Development and Integration Program

Sovereign Project | 44252-013 Status:


ADB is helping Indonesia further expand and increase participation in the capital markets and other parts of the nonbank financial sector, and to unlock long-term savings. The project will strengthen regulatory oversight, increase investor confidence, expand the availability of nonbank financing, boost demand for capital market products, and grow Islamic-compliant insurance products.

Latest Project Documents

Consulting Notices See also: CMS

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Procurement Notices See also: Operational Procurement

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Procurement Documents

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Project Name Financial Market Development and Integration Program
Project Number 44252-013
Country Indonesia
Project Status
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2895-INO: Financial Market Development and Integration Program
Ordinary capital resources US$ 300.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Money and capital markets

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

Project Outcome

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

Summary of Environmental and Social Aspects

Environmental Aspects NA
Involuntary Resettlement NA
Indigenous Peoples NA
Stakeholder Communication, Participation, and Consultation
During Project Design The program is consistent with ADB's Financial Sector Operational Plan because it will improve access to capital markets, increase financial stability and integrity, and foster regional cooperation and integration. The impact, outcome, and outputs of the program reflect the findings of consultations with the government during the processing of the loan, as well as the recommendations of an ADB TA project designed to identify constraints to increasing liquidity in the government bond market. All other facets of the program have been discussed with and reflect the priorities of the executing agency and the implementing agencies.
During Project Implementation Stakeholder consultations during implementation will begin in 2013.

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
Cap. Mkt. & Financial Inst. Supervisory Agency
Gedung Soemitro Djojohadikusumo
Departemen Keuangan RI
Jl. Lap Banleng Timur 1-4, Jakarta 10170


Concept Clearance -
Fact Finding -
Approval -
Last Review Mission -
Last PDS Update 10 Dec 2012

Loan 2895-INO

Approval Signing Date Effectivity Date Closing
Original Revised Actual
21 Sep 2012 23 Oct 2012 18 Dec 2012 31 Dec 2012 - 31 Dec 2012
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 300.00 Cumulative Contract Awards
ADB 300.00 21 Sep 2012 300.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 21 Sep 2012 300.00 0.00 100%

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.

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Evaluation Documents See also: Independent Evaluation

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Related Publications

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