Myanmar: Strengthening Institutions for a Better Investment Climate

Sovereign Project | 47268-001 Status: Active

Summary

Latest Project Documents

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Procurement Notices See also: Operational Procurement

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Procurement Documents

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Project Name Strengthening Institutions for a Better Investment Climate
Project Number 47268-001
Country Myanmar
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8651-MYA: Strengthening Institutions for a Better Investment Climate
Japan Fund for Poverty Reduction US$ 1.50 million
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Industry and trade - Industry and trade sector development

Gender Equity and Mainstreaming No gender elements
Description
Project Rationale and Linkage to Country/Regional Strategy
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

There are three assumptions. Two higher level assumptions necessary for increased foreign direct investment are: (i) the macro-economy stays stable and (ii) the transition to democracy stays on course and peace in sub-national conflict regions resolved and or maintained. A primary assumption is that the government will continue to support the reform agenda for a better and open investment environment.

There are two risks that are generic for all projects in Myanmar: (i) Government's administrative capacity to implement reforms and resources maybe stretched thereby limiting implementation of reforms including to the company law and (ii) vested interests within government and private sector may resist governance reforms embedded in a modern company law.

During Project Implementation The proposed EA will be the Directorate of Investment and Company Administration (DICA), which is an agency of the Ministry of National Planning and Economic Development (MPED). DICA is responsible for the implementation of the company law and company registry. The MPED will establish a taskforce for drafting the company law. The Taskforce will be chaired by DICA and will comprise representatives from MPED, the Office of Attorney General, and representation from the private sector.

Business Opportunities

Consulting Services Under output 1, four international consultants and two national consultants will be engaged through individual consultant selection to draft the company law and support advocacy and public education of the law. These include: (i) team leader international corporate law expert to oversee the activity, lead drafting of the law and implementing regulations (4 months), (ii) an international corporate law advocacy expert to work with the team leader and DICA staff in drafting the implementing regulations and developing the law and support public education and advocacy on the draft law (4 months), (iii) an international legal draftsperson (4 months) to provide legal language to the company law, (iv) an international company registry expert (6 months) to provide input to the draft law on provisions related to the registry, draft the specifications of the electronic registry, which would be part of the procurement document under output 2, and oversee the transition from the enactment of the company law and the mobilization of the firm under output 2 to establish the electronic registry. This consultant will also provide periodic reviews and evaluations of progress in implementation of the registry by the firm under output 2, (v) national legal expert (4 months) to support the team leader and the corporate law advocate draft the bill and implementing regulations into Myanmar legal language together with the DICA drafting team, and (vi) national communications expert (6 months) to implement communications strategy for public education and stakeholder consultations, manage media relations with DICA, and organize consultations.
Procurement

Under output 2, a firm will be engaged to design, develop, establish and implement the electronic Registry including the procurement of software and equipment. The terms of reference will also include DICA staff training on the new registration system for up to two years, and IT maintenance and servicing for up to two years after operationalization of the Registry. The firm will be selected competitively following ADB procurement guidelines.

Under output 3, TA funds would be allocated for workshops and training and resource persons from partnered company registry offices, academia and other institutions would be invited to provide capacity building at DICA and knowledge sharing in this area.

Responsible Staff

Responsible ADB Officer Thatha Hla
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SERD
Executing Agencies
Ministry of National Planning and Economic Development
Office of the Ministers
Yangon
Union of Myanmar
Directorate of Investment and Company Administration
Office Building No. 32
Nay Pyi Taw, Myanmar

Timetable

Concept Clearance 01 Oct 2013
Fact Finding -
MRM -
Approval 14 May 2014
Last Review Mission -
Last PDS Update 29 May 2014

TA 8651-MYA

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
14 May 2014 29 May 2014 29 May 2014 30 Jun 2017 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
0.00 1,500,000.00 0.00 0.00 0.00 0.00 1,500,000.00 14 May 2014 426,247.91
Title Document Type Document Date
Strengthening Institutions for a Better Investment Climate Technical Assistance Reports May 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

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Related Publications

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