Bangladesh: Third Capital Market Development Program

Sovereign Project | 45253-001

Summary

The objective of the PPTA is to identify policy measures to support the development of a robust financial markets system in Bangladesh that is well balanced, sustainable and resilient and that is able to effectively intermediate savings to finance investment.

Latest Project Documents

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Consulting Notices

See also: CMS

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Procurement Notices

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Procurement Documents

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Project Name Third Capital Market Development Program
Project Number 45253-001
Country Bangladesh
Project Status Approved
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8512-BAN: Third Capital Market Development Program
Technical Assistance Special Fund US$ 500,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Finance - Money and capital markets

Gender Equity and Mainstreaming No gender elements
Description The objective of the PPTA is to identify policy measures to support the development of a robust financial markets system in Bangladesh that is well balanced, sustainable and resilient and that is able to effectively intermediate savings to finance investment.
Project Rationale and Linkage to Country/Regional Strategy The PPTA is necessary to effectively formulate the CMDP III which will support the Government's commitment to meaningful capital market reform.
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
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 ADB will engage a consulting firm in accordance with the Guidelines on the Use of Consultants (2010, as amended from time to time). The Aries Group, Limited will be engaged through single-source selection to ensure continuity of services and prompt provision of consultancy services that will safeguard uninterrupted flow of the critical capital market reform process. Single source selection is appropriate in this case because the requirements of the proposed TA (i.e. formulating the CMDP III) represents a natural continuation of previous work carried out by the consulting firm (i.e. formulating the CMDP II). Continuity in the technical approach and experience acquired in the process is imperative to foster strong linkage and smooth transition in the development of the sequence-oriented capital market reform process. The firm has built strong relationships with all the key stakeholders and market participants. The confidence placed by all the stakeholders in the firm builds a strong platform to catalyze and accelerate the further structuring of the capital market development agenda. The proposed TA builds upon stabilization measures introduced by the CMDP II and implements the roadmap in the long-term national capital market master plan that was formulated as a first tranche CMDP II policy action. The government and ADB were also very satisfied with the firm performance under the previous TA. The quality and technical depth of the reports were very good. All reports were submitted on time as per the original schedule. The firm also exhibited strong organization skills by formulating and conducting very effective stakeholder and dissemination workshops. The initial assignment was awarded on a competitive basis using ADB's quality- and cost-based selection process.
Responsible ADB Officer Syed Ali-Mumtaz H. Shah
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
Bank and Financial Institutions Division-MOFBangladesh Secretariat
Dhaka-1000 Bangladesh
Timetable
Concept Clearance -
Fact Finding -
MRM -
Approval 25 Nov 2013
Last Review Mission -
Last PDS Update 30 Mar 2015

TA 8512-BAN

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
25 Nov 2013 29 Apr 2014 29 Apr 2014 31 Jul 2014 31 Dec 2015 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
500,000.00 0.00 50,000.00 0.00 0.00 0.00 550,000.00 25 Nov 2013 389,191.44

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Safeguard Documents

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Evaluation Documents

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