The overall goal of the TA is to promote an efficient bond market in the region as this will lead to stable financial markets and sustained economic growth in ASEAN 3. Furthermore, bond markets play an important role in mobilizing capital for investments that are critical for economic development. This goal can be achieved by enhancing the capacity of officials from policy making institutions and supervisory agencies (such as ministries of finance, central banks, financial services authorities, and securities and exchange commissions) of DMCs in ASEAN 3 to promote appropriate policy measures for bond market development. As a result, this TA will not only provide policy makers with a deeper understanding of bond market regulatory and supervisory best practices, but will also equip them on how best to take appropriate actions (whether preventive or corrective measures) for varying market conditions given their extensive knowledge of how bond markets function.
| Project Name | Capacity Building for Bond Market Development in ASEAN+3 | ||||
| Project Number | 40213-012 | ||||
| Country | Regional |
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| Project Status | Closed | ||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
|
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| Strategic Agendas | Inclusive economic growth Regional integration |
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| Drivers of Change | Governance and capacity development Partnerships |
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| Sector / Subsector | Finance / Money and capital markets |
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| Gender Equity and Mainstreaming | No gender elements | ||||
| Description | The overall goal of the TA is to promote an efficient bond market in the region as this will lead to stable financial markets and sustained economic growth in ASEAN 3. Furthermore, bond markets play an important role in mobilizing capital for investments that are critical for economic development. This goal can be achieved by enhancing the capacity of officials from policy making institutions and supervisory agencies (such as ministries of finance, central banks, financial services authorities, and securities and exchange commissions) of DMCs in ASEAN 3 to promote appropriate policy measures for bond market development. As a result, this TA will not only provide policy makers with a deeper understanding of bond market regulatory and supervisory best practices, but will also equip them on how best to take appropriate actions (whether preventive or corrective measures) for varying market conditions given their extensive knowledge of how bond markets function. The TA aims to design and provide training courses programs for bond market development to enhance the knowledge and skills of capital market regulatory agencies. It also aims to provide a venue for regional policy dialogues and cross country consultations on bond market development issues. The expected outcomes are (i) support for multiple regional collaborative initiatives for capacity building in bond market development in targeted DMCs (ii) identify core strategic issues and training needs to be addressed in the programs and activities of the TA over a 3 year period and (iii) sustainable mechanisms for ensuring continuing training development at the country level. The TA complements efforts by OREI to (i) promote regional economic policy dialogue and (ii) support capacity building and institutional strengthening in the area of regional cooperation and integration. These training programs and course modules will enable participants to share experiences and explore appropriate policy measures for developing efficient domestic bond markets. The training program will cover ASEAN 3 member countries except Japan, Republic of Korea and Singapore. | ||||
| Project Rationale and Linkage to Country/Regional Strategy | |||||
| Impact | Promote the development of efficient bond markets that will lead to a balanced financial sector, stable financial markets, and sustained economic growth in ASEAN+3 | ||||
| Project Outcome | |
|---|---|
| Description of Outcome | ASEAN+3 officials become more effective in enacting policies on bond market development |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | Staff trained in the bond market, particularly on policy making Support for the production of case studies |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | Regional |
| 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 | Consulting services yet to be determined. |
| Responsible ADB Officer | Xinglan Hu |
| Responsible ADB Department | Office of Regional Economic Integration |
| Responsible ADB Division | Office of Regional Economic Integration |
| Executing Agencies |
Asian Development Bank Chiemi Kaneko 6 ADB Avenue, Mandaluyong City 1550, Philippines |
| Timetable | |
|---|---|
| Concept Clearance | 28 Apr 2006 |
| Fact Finding | 10 Mar 2008 to 24 Mar 2008 |
| MRM | - |
| Approval | 28 Mar 2008 |
| Last Review Mission | - |
| PDS Creation Date | 18 Jan 2008 |
| Last PDS Update | 07 Jun 2011 |
TA 6453-REG
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 28 Mar 2008 | - | 28 Mar 2008 | 30 Nov 2010 | 31 Dec 2012 | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 500,000.00 | 28 Mar 2008 | 342,208.60 |
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.
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| Title | Document Type | Document Date |
|---|---|---|
| Capacity Building for Bond Market Development in ASEAN+3 | TA Completion Reports | Sep 2013 |
| Capacity Building for Bond Market Development in ASEAN+3 | Technical Assistance Reports | Mar 2008 |
Safeguard Documents See also: Safeguards
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