Regional : Supporting and Enhancing Regional Surveillance for ASEAN+3 and the Chiang Mai Initiative Multilateralization
The RETA will strengthen ADB's support for regional economic and financial surveillance for ASEAN+3.
Project Details
-
Project Officer
Villafuerte, James P.
Economic Research and Regional Cooperation Department
Request for information -
Country/Economy
Regional -
Modality
-
Sector
- Public sector management
| Project Name | Supporting and Enhancing Regional Surveillance for ASEAN+3 and the Chiang Mai Initiative Multilateralization | ||||
| Project Number | 42065-012 | ||||
| Country / Economy | 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 / Banking systems and nonbank financial institutions - Money and capital markets Public sector management / Economic affairs management - Public expenditure and fiscal management |
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| Gender | No gender elements | ||||
| Description | The RETA will strengthen ADB's support for regional economic and financial surveillance for ASEAN+3. | ||||
| Project Rationale and Linkage to Country/Regional Strategy | |||||
| Impact | This RETA is in response to a request from the co-chairs of the Working Team Three of the Taskforce on CMI Multilateralization to consider the means and scope for strengthening ADB support for regional economic and financial surveillance for ASEAN+3. This request comes against a backdrop where ASEAN+3 AFDM (ASEAN Finance Deputy Ministers) have made progress towards the multilateralization of the Chiang Mai Initiative (CMI). The multilateralization of the CMI swaps would require stronger regional and country economic and financial surveillance. It also reflects the increasing role that REMU previously and now OREI has been playing in surveillance in the post crisis-period. The RETA will examine ways in which ADB could play a role that would be complementary to other international financial institutions such as the IMF in supporting the economic and financial surveillance process at the regional level. | ||||
| Project Outcome | |
|---|---|
| Description of Outcome | The outcome of the project is enhanced capacity of ASEAN+3 in regional economic surveillance. |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | The RETA's outputs include studies and research. |
| 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 | 1. Administrative Consultant (International, 3 person-months) - early organizational setup of the ASEAN+3 Macroeconomic Research Office (AMRO) with office in Singapore 2. Technical Consultant (International, 3 person-months) - undertake necessary preparatory work to institutionalizing the regional surveillance process 3. Macroeconomist or Capital Markets Specialist (international, 12 person-months) 4. Economics Statistician (international, 12 person-months) 5. Public Relations Consultant (international, 6 person-months) 6. Project Coordinator (national, 12 person-months) -overall administration of the TA, based at OREI to liaise with the consultants based at AMRO |
| Responsible ADB Officer | Villafuerte, James P. |
| Responsible ADB Department | Economic Research and Regional Cooperation Department |
| Responsible ADB Division | ERCI |
| Executing Agencies |
Asian Development Bank 6 ADB Avenue, Mandaluyong City 1550, Philippines |
| Timetable | |
|---|---|
| Concept Clearance | 23 Apr 2010 |
| Fact Finding | - |
| MRM | - |
| Approval | 20 May 2011 |
| Last Review Mission | - |
| Last PDS Update | 26 May 2011 |
TA 7810-REG
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 20 May 2011 | - | 20 May 2011 | 31 May 2013 | 30 Sep 2016 | 06 Jul 2017 |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 0.00 | 1,140,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,140,000.00 | 17 Jun 2022 | 989,303.91 |
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| Title | Document Type | Document Date |
|---|---|---|
| Supporting and Enhancing Regional Surveillance for ASEAN+3 and the Chiang Mai Initiative Multilateralization: Technical Assistance Completion Report | Completion Reports | Aug 2017 |
| Supporting and Enhancing Regional Surveillance for ASEAN+3 and the Chiang Mai Initiative Multilateralization | Technical Assistance Reports | May 2011 |
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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