Regional: Capacity Building for Financial Institutions, Phase 2

Nonsovereign Project | 44484-012

Summary

Latest Project Documents

Title Document Date
Capacity Building for Financial Institutions Dec 2010

Consulting Notices

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Project Name Capacity Building for Financial Institutions, Phase 2
Project Number 44484-012
Borrower/Company
Country Regional
Location Regional
Approval Number 7707
Type or Modality of Assistance
7707 IV US$ 1.12 million Approved
Strategic Agendas
Drivers of Change
Sector / Subsector Finance - Finance sector development
Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Capital Markets and Financial Sectors Division
Responsible ADB Officer Pamela Bracey
Project Sponsor(s)
Objectives and Scope
Linkage to Country/Regional Strategy

Development of the financial sector is essential to ensuring sustainable private-sector-led economic growth. Without access to formal financial services and sustainable social insurance (including pensions), the poor will be excluded from the growth process and its benefits. Under its Strategy 2020, ADB plans to strengthen its support to the financial sector at the regional and national levels by helping to develop financial infrastructure, institutions, and products and services. This will be accomplished by providing assistance in channeling the region's savings into the most productive investments in particular, development of capital markets as well as by building the capacity of financial institutions by introducing international best practices .

Supporting financial sector development is also in line with the Private Sector Development Strategy and Enhanced Poverty Reduction Strategy, which note that higher economic growth stimulated by private sector investment is a key contributing factor in reducing poverty. The Private Sector Development Strategy refers specifically to ADB's role in strengthening the financial sector in DMCs, noting the critical importance of financial systems for the development of the private sector, which in turn underpins sustainable economic growth. Many DMCs need to strengthen their financial institutions and create diversified financial markets that can finance private-sector-led growth. ADB has supported financial sector reform programs through public sector operations and/or direct investments in financial intermediaries in several DMCs. The proposed technical assistance is also aligned with ADB s Poverty Reduction Strategy, which states that ADB seeks to promote sound and efficient banking systems and capital markets, since these are indispensable for macroeconomic stability, mobilizing savings, and ensuring availability of long-term financing, an essential requirement for pro-poor growth.

Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Business Opportunities
Consulting Services Consulting Services yet to be determined.
Timetable for assistance design, processing and implementation
Concept Clearance 22 Nov 2010
Due Diligence
Credit Committee Meeting -
Approval 15 Dec 2010
PDS Creation Date 14 Dec 2010
Last PDS Update 30 Sep 2014
Title Document Type Document Date
Capacity Building for Financial Institutions Technical Assistance Reports Dec 2010

Safeguard Documents

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No documents found.

Evaluation Documents

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No documents found.


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