Timor-Leste: Expansion of Financial Services

Sovereign Project | 47002-001 Status: Active


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 Expansion of Financial Services
Project Number 47002-001
Country Timor-Leste
Project Status Active
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
Private sector development
Sector / Subsector

Finance - Inclusive finance

Gender Equity and Mainstreaming Effective gender mainstreaming
Project Rationale and Linkage to Country/Regional Strategy

Project Outcome

Description of Outcome
Progress Toward Outcome The commercial transformation of BNCTL has completed its first phase.
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues) The first phase of the TA has been successfully completed with the preparation of a transformation roadmap. The second phase has commenced with the fielding of the IT and Operations Advisors and the Transformation Manager.
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 The project team continues to consult with BNCTL; development partners and government agencies.

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 Staff

Responsible ADB Officer Hayden Everett
Responsible ADB Department Pacific Department
Responsible ADB Division Pacific Liaison and Coordination Office in Sydney, Australia
Executing Agencies
Banco Nacional de Com rcio de Timor-Leste
Ave.Martires da Patria Mandarin
Dili, Timor Leste


Concept Clearance 08 Oct 2014
Fact Finding 08 Oct 2014 to 10 Oct 2014
Approval -
Last Review Mission -
Last PDS Update 15 Mar 2016

TA 8762-TIM

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 304,983.68
Title Document Type Document Date
Expansion of Financial Services: Technical Assistance Report Technical Assistance Reports Dec 2014

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.