Cambodia: Fourth Financial Sector Program

Sovereign Project | 44263-012

Summary

The PPTA will help the Government implement the FSDS 2011- 2020 to reflect progress to 2013 and identify gaps and/or challenges within the financial sector that need to be addressed during 2011 2020. The key outputs of the TA will be (i) the detailed implementation assessment of the FSDS 2011-2020 to date, and (ii) a report of the sector diagnostic review with a medium-term program of reforms for FSP IV. The TA is estimated to cost $880,000 equivalent, of which $800,000 will be financed on a grant basis from the ADB TASF. The Government will finance the remaining $80,000 equivalent that will include counterpart staff, office space and other administrative support.

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Consulting Notices

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Procurement Notices

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Procurement Documents

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Project Name Fourth Financial Sector Program
Project Number 44263-012
Country Cambodia
Project Status Approved
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8502-CAM: Fourth Financial Sector Program
Technical Assistance Special Fund US$ 800,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector Finance - Finance sector development
Gender Equity and Mainstreaming
Description The PPTA will help the Government implement the FSDS 2011- 2020 to reflect progress to 2013 and identify gaps and/or challenges within the financial sector that need to be addressed during 2011 2020. The key outputs of the TA will be (i) the detailed implementation assessment of the FSDS 2011-2020 to date, and (ii) a report of the sector diagnostic review with a medium-term program of reforms for FSP IV. The TA is estimated to cost $880,000 equivalent, of which $800,000 will be financed on a grant basis from the ADB TASF. The Government will finance the remaining $80,000 equivalent that will include counterpart staff, office space and other administrative support.
Project Rationale and Linkage to Country/Regional Strategy

The Government of Cambodia (Government) requested a program loan from the Asian Development Bank (ADB) during program consultations in 2012. This is in line with the priority outlined in the Government's National Strategic Development Plan (NSDP) 2011-2013 and the draft NSDP 2014 2018 as well as the country partnership strategy (CPS) for Cambodia 2011 2013.1 The development of Cambodia's financial sector is one of five core areas that best support ADB's Strategy 2020 and its goal to reduce poverty in Cambodia.

Based on successful implementation of the two past and one on-going ADB Financial Sector Programs (FSP I, II and III) with effective and flexible ways of converting complex policy objectives into implementable policy actions, the Government requested continuing ADB support to the finance sector through a policy-based loan. The proposed program cluster (FSP IV) for a total of $30 million equivalent from Asian Development Fund (ADF) which will comprise two subprograms, was included in the country operations business plan (COBP) 2011 -2013. It has been designed within the framework of the Financial Sector Development Strategy (FSDS) 2011 20204 updated under FSPIII.

Impact tbd
Project Outcome
Description of Outcome tbd
Progress Toward Outcome
Implementation Progress
Description of Project Outputs tbd
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services

International Consulting Firm:

Banking expert and team leader (6 person-months, international)

Microfinance expert (2 person-months, international)

Insurance and pension fund expert (2 person-months, international)

Leasing expert (2 person-months, international)

Capital market expert (2 person-months, international)

Commercial law expert (3 person-months, international)

Money and interbank market expert (2 person-months, international)

Accounting expert (2 person-months, international)

Anti- money laundering and combating financing terrorism (AML and CFT)

National Consulting Firm:

Financial sector expert (10 person-months, national)

insurance expert (4 person-months, national)

capital market expert (3 person-months, national)

legal expert (5 person-months, national)

AML and CFT expert (3 person-months, national)

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 CambodiaP.O. Box 25
22-24 Norodom Blvd.
Phnom Penh, Cambodia
Timetable
Concept Clearance -
Fact Finding -
MRM -
Approval 06 Nov 2013
Last Review Mission -
Last PDS Update 22 Nov 2013

TA 8502-CAM

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
06 Nov 2013 09 Dec 2013 09 Dec 2013 31 Dec 2014 30 Sep 2016 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
800,000.00 0.00 80,000.00 0.00 0.00 0.00 880,000.00 06 Nov 2013 0.00
Title Document Type Document Date
Fourth Financial Sector Program: Project Data Sheet (Khmer Translation) Translated PDS Feb 2015
Fourth Financial Sector Program Technical Assistance Reports Feb 2014

Safeguard Documents

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Evaluation Documents

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