Bhutan: Capital Market Development

Sovereign Project | 46300-001 Status: Active

Summary

Latest Project Documents

Consulting Notices See also: CMS

No notices are currently available for this project.

Procurement Notices See also: Operational Procurement

No notices are currently available for this project.

Procurement Documents

None currently available.


Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

 
Project Name Capital Market Development
Project Number 46300-001
Country Bhutan
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8280-BHU: Capital Market Development
Technical Assistance Special Fund US$ 1.25 million
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
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Project Outcome

Description of Outcome
Progress Toward Outcome Completed.
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues) The contract with the consulting firm, Aries Group Ltd, and various individual consultants are now completed. In addition, several training sessions have been held. Equipment has been procured under the TA. A portion of the undisbursed balance was utilized to recruit several individual consultants to support the BHU: Strengthening Economic Management Program.
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 A team of 7 international consultants will provide a total of 17.5 person-months of consulting services. Consulting services will commence in December 2012 and conclude by December 2014. The selection of the consultant firm for 5 consultants will be based on the submission of a simplified technical proposal and effected by the standard quality- and cost-based selection process (quality cost ratio of 80:20) while 2 consultants will be engaged individually (i.e. the Bond Expert and Banking Sector Expert). The consultants will be engaged by ADB in accordance with the Guidelines on the Use of Consultants by ADB and its Borrowers (2010, amended from time to time). The individual consultants will be recruited by following the Individual Consultant Selection (ICS) method. All procurement will be done in accordance with ADB's Procurement Guidelines (2010, as amended from time to time).

Responsible Staff

Responsible ADB Officer Syed Shah
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
Ministry of Finance
Royal Government of Bhutan
Thimphu, Bhutan
Attention: Director

Timetable

Concept Clearance 02 Nov 2012
Fact Finding -
MRM -
Approval -
Last Review Mission -
Last PDS Update 22 Mar 2016

TA 8280-BHU

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
14 Dec 2012 29 Jan 2013 29 Jan 2013 31 Dec 2015 31 Oct 2016 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,250,000.00 0.00 0.00 0.00 0.00 0.00 1,250,000.00 14 Dec 2012 996,190.14

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.

Related Publications

None currently available.


The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.