The Asian Development Bank is working with Cambodia to strengthen the country’s financial system so that it can more effectively support the country’s economic growth. The program is supporting a broad range of initiatives, including upgrading the payment, clearance, and settlement systems; improving public financial information disclosure; and establishing a credit information bureau.
| Project Name | Second Financial Sector Program Cluster (Subprogram 2) | ||||||||
| Project Number | 34389-023 | ||||||||
| Country | Cambodia |
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| Project Status | Closed | ||||||||
| Project Type / Modality of Assistance | Loan Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Governance and capacity development |
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| Sector / Subsector | Finance - Finance sector development |
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| Gender Equity and Mainstreaming | No gender elements | ||||||||
| Description | |||||||||
| Project Rationale and Linkage to Country/Regional Strategy | |||||||||
| Impact | A sound, market-based financial system that enhances resource mobilization and sustainable economic growth. | ||||||||
| Project Outcome | |
|---|---|
| Description of Outcome | A growing, resilient, and efficient financial system. |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | (i) Improved confidence and financial intermediation. (ii) Maintain stability in the financial sector. (iii) Promote good governance. (iv) Enhance efficiency in the financial sector. |
| 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 | tbd |
| Procurement | Loan proceeds will be used to finance full foreign exchange cost (excluding local duties and taxes) of items produced and procured in ADB member countries, excluding a negative list of ineligible items, and import finance by other bilateral and multilateral sources. |
| Responsible ADB Officer | Tukuafu, Samiuela |
| Responsible ADB Department | Southeast Asia Department |
| Responsible ADB Division | Public Management, Financial Sector and Trade Division, SERD |
| Executing Agencies |
National Bank of Cambodia P.O. Box 25 22-24 Norodom Blvd. Phnom Penh, Cambodia |
| Timetable | |
|---|---|
| Concept Clearance | 06 Dec 2007 |
| Fact Finding | 28 Apr 2008 to 08 May 2008 |
| MRM | 28 Jul 2008 |
| Approval | 05 Dec 2008 |
| Last Review Mission | - |
| PDS Creation Date | 06 Feb 2009 |
| Last PDS Update | 28 Jul 2010 |
Loan 2479-CAM
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 05 Dec 2008 | 08 Dec 2008 | 22 Dec 2008 | 30 Apr 2009 | - | 30 Apr 2009 |
| Financing Plan | Loan Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 10.30 | Cumulative Contract Awards | |||
| ADB | 10.30 | 05 Dec 2008 | 10.45 | 0.00 | 100% |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 0.00 | 05 Dec 2008 | 10.45 | 0.00 | 100% |
TA 7185-CAM
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 05 Dec 2008 | 05 Jan 2009 | 05 Jan 2009 | 31 Jan 2010 | 31 May 2010 | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 300,000.00 | 0.00 | 75,000.00 | 0.00 | 0.00 | 0.00 | 375,000.00 | 05 Dec 2008 | 258,540.16 |
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.
| Title | Document Type | Document Date |
|---|---|---|
| Implementation of Key Policy Triggers of Subprogram 3 | TA Completion Reports | Sep 2011 |
| Second Financial Sector Program Implementation | Consultants' Reports | Mar 2009 |
| Second Financial Sector Program Implementation | Consultants' Reports | Mar 2009 |
| Second Financial Sector Program Cluster (Subprogram 2) | Project/Program Administration Manual | Feb 2009 |
| Second Financial Sector Program Implementation | Consultants' Reports | Jan 2009 |
| Second Financial Sector Program Implementation | Consultants' Reports | Jan 2009 |
| Loan Agreement for Financial Sector Program II Cluster - Subprogram 2 between Kingdom of Cambodia and Asian Development Bank dated 8 December 2008 | Loan Agreement (Special Operations) | Dec 2008 |
| Financial Sector Program II Cluster - Subprogram 2 | Reports and Recommendations of the President | Nov 2008 |
| Second Financial Sector Program Cluster - Subprogram 2 | Design and Monitoring Frameworks | Oct 2008 |
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.