Summary
The proposed TA has four main objectives: (i) to foster the capacity of officials from finance ministries and central banks of DMCs in economic and financial surveillance (ii) to provide relevant inputs for economic policy making activities through technical training programs and researches (iii) to pave the way for AMRO to play an expected role at earliest possible time by promoting surveillance expertise built on shared principles and techniques across the region (iv) to modernize the national surveillance units in ASEAN through an intensive case study methodology which will examine their unique economic circumstances and explore their decade long achievement and regional approach to economic surveillance.
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| Project Name |
Technical Training and Capacity Building for Selected Asian Countries on Regional Economic and Financial Monitoring |
| Project Number |
41539-012 |
| Country |
Regional |
| Project Status |
Closed |
| Project Type / Modality of Assistance |
Technical Assistance
|
| Source of Funding / Amount |
| TA 7497-REG: Technical Training and Capacity Building for Selected Asian Countries on Regional Economic and Financial Monitoring |
|---|
| Technical Assistance Special Fund |
US$ 1.20
million
|
|
| Strategic Agendas |
Inclusive economic growth
Regional integration
|
| Drivers of Change |
Governance and capacity development
|
| Sector / Subsector |
Public sector management
- Economic affairs management |
| Gender Equity and Mainstreaming |
No gender elements |
| Description |
The proposed TA has four main objectives: (i) to foster the capacity of officials from finance ministries and central banks of DMCs in economic and financial surveillance (ii) to provide relevant inputs for economic policy making activities through technical training programs and researches (iii) to pave the way for AMRO to play an expected role at earliest possible time by promoting surveillance expertise built on shared principles and techniques across the region (iv) to modernize the national surveillance units in ASEAN through an intensive case study methodology which will examine their unique economic circumstances and explore their decade long achievement and regional approach to economic surveillance. |
| Project Rationale and Linkage to Country/Regional Strategy |
|
| Impact |
Strengthen the institutional and technical capacity of countries in economic and financial monitoring, and in formulating effective economic policies through enhanced regional cooperation including effective management of the CMIM. |
Project Outcome
| Description of Outcome |
Enhanced capacity of finance ministries and central bank staffs in regional economic and financial monitoring and macro economic policy formulation. |
| Progress Toward Outcome |
|
| Implementation Progress |
|---|
| Description of Project Outputs |
About 120 150 mid level staffs from finance ministries and central banks of selected DMCs trained through 3 4 batches of semiannual education program 2. Case study research on economic and financial monitoring and macroeconomic policy formulation Case study research on economic and financial monitoring and macroeconomic policy formulation |
| Status of Implementation Progress (Outputs, Activities, and Issues) |
Two batches of training was conducted in 2010. The first batch was held in Seoul, Republic of Korea last 17 May - 11 June 2010, benefiting 35 staff from finance ministries and central banks of selected DMCs. The second batch, which was attended by 31 staff, was held in ADB Headquarters last 6 September - 1 October 2010. On 2-20 May 2011, the first batch of training for 2011 was held in Seoul, Republic of Korea. An international consultant was engaged to conduct a case study on regional economic surveillance and macroeconomic policies formulated by selected countries. It tried to provide lessons and implications of establishing surveillance units in countries to prevent the occurrence of a financial crisis in the future. |
| 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 |
Individual Consultants International 1. Macroeconomists Economists (15 PM total) National 1. Economic Analyst and Proj. Coordinator (12 PM) 2. Events Coordinator (16 PMs) Resource Persons (1.2 PMs) |
Responsible Staff
| Responsible ADB Officer |
Hoe Yun Jeong |
| Responsible ADB Department |
Office of Regional Economic Integration |
| Responsible ADB Division |
Office of Regional Economic Integration |
| Executing Agencies |
Asian Development Bank
Hoe Yun Jeong
[email protected]
6 ADB Avenue, Mandaluyong City 1550, Philippines
|
Timetable
| Concept Clearance |
15 Oct 2009 |
| Fact Finding |
11 Mar 2010
to 25 Mar 2010 |
| MRM |
-
|
| Approval |
12 Feb 2010 |
| Last Review Mission |
-
|
| PDS Creation Date |
27 Oct 2010 |
| Last PDS Update |
25 May 2011 |
TA 7497-REG
| Milestones |
|---|
| Approval |
Signing Date |
Effectivity Date |
Closing |
| Original |
Revised |
Actual |
| 12 Feb 2010 |
-
|
12 Feb 2010 |
31 Jul 2011 |
31 Oct 2013 |
-
|
| Financing Plan/TA Utilization |
Cumulative Disbursements |
| ADB |
Cofinancing |
Counterpart |
Total |
Date |
Amount |
| Gov |
Beneficiaries |
Project Sponsor |
Others |
| 1,200,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1,200,000.00 |
12 Feb 2010 |
1,173,057.77 |
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.
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.
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