Timor-Leste: Expansion of Financial Services

Sovereign Project | 47002-001

Summary

The CDTA will support the commercial transformation of BNCTL through (i)support to the implementation of BNCTL's strategic and business plan, (ii) design and delivery of products (credit, savings, payments, trade finance) that are suited to the Timorese context and that are currently not available for a large part of the population; (iii) the introduction of technologies that improve efficiency; and (iv) building staff capacity and support for the commercial transformation of the institution to underpin commercial objectives and attract strategic investors.

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Consulting Notices

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Procurement Notices

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Procurement Documents

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Project Name Expansion of Financial Services
Project Number 47002-001
Country Timor-Leste
Project Status Approved
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8762-TIM: Expansion of Financial Services
Technical Assistance Special Fund US$ 750,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Partnerships
Private sector development
Sector / Subsector

Finance - Inclusive finance

Gender Equity and Mainstreaming Effective gender mainstreaming
Description The CDTA will support the commercial transformation of BNCTL through (i)support to the implementation of BNCTL's strategic and business plan, (ii) design and delivery of products (credit, savings, payments, trade finance) that are suited to the Timorese context and that are currently not available for a large part of the population; (iii) the introduction of technologies that improve efficiency; and (iv) building staff capacity and support for the commercial transformation of the institution to underpin commercial objectives and attract strategic investors.
Project Rationale and Linkage to Country/Regional Strategy The TA is aligned with the country partnership strategy (2011 2015) in that it helps to achieve economic growth and sharing of economic opportunities across the population. ADB's support in infrastructure, financial services and skills training helps to meet the needs of a growing economy and improve competitiveness of the private sector. It is a continuation of previous technical assistance provided and also intends to link or complement existing ADB projects, such as the Technical and Vocational Education and Training program and PSDI Phase III, or those of other development partners.
Impact Large portion of the population has access to and use a range of financial services
Project Outcome
Description of Outcome An improved BNCTL, growing and operating sustainably, consistent with its commercial banking license
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

BNCTL management and staff apply commercial banking principles efficiently and effectively

Road map and action plan for comprehensive institutional strengthening finalized

Status of Implementation Progress (Outputs, Activities, and Issues) The first phase has commenced with the fielding of the IT and Operations Advisor.
Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design The TA fact-finding mission concluded with a memorandum of understanding outlining agreed impact, outcome, outputs, implementation arrangements, and outline terms of reference for consultants. The TA was discussed with BNCTL; development partners and government agencies.
During Project Implementation
Business Opportunities
Consulting Services The TA will be implemented over 42 months from 30 December 2014 to 30 June 2018, with phase one estimated to take 7 months and phase two 35 months. It is anticipated that a total of 22 person-months of intermittent international consulting services will be required to implement the TA. For phase one, an estimated 6 person-months (international, intermittent) of consulting services will be needed. This will be a banking operations advisor (3 person-months) and a banking information technology expert (3 person-months). The consulting input for phase two is unallocated and will be determined after phase one.
Procurement N/A
Responsible ADB Officer Sabine Spohn
Responsible ADB Department Pacific Department
Responsible ADB Division Pacific Liaison and Coordination Office in Sydney, Australia
Executing Agencies
Banco Nacional de Comercio de Timor-LesteAve.Martires da Patria Mandarin
Dili, Timor Leste
Timetable
Concept Clearance 08 Oct 2014
Fact Finding 08 Oct 2014 to 10 Oct 2014
MRM -
Approval 20 Nov 2014
Last Review Mission -
Last PDS Update 19 Mar 2015

TA 8762-TIM

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
20 Nov 2014 30 Dec 2014 30 Dec 2014 30 Jun 2018 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
750,000.00 0.00 0.00 0.00 0.00 0.00 750,000.00 20 Nov 2014 118,835.96
Title Document Type Document Date
Expansion of Financial Services: Technical Assistance Report Technical Assistance Reports Dec 2014

Safeguard Documents

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Evaluation Documents

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