Regional: Capacity Building for Financial Institutions, Phase 2

Nonsovereign Project | 44484-012 Status: Active

Project Details

Project Officer
Bracey, Pamela Private Sector Operations Department Request for information
  • Regional
  • Finance
Project Name Capacity Building for Financial Institutions, Phase 2
Project Number 44484-012
Country Regional
Location Regional
Approval Number 7707
Type or Modality of Assistance
7707 IV USD 1.12 million Approved
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Finance - Banking systems and nonbank financial institutions - Finance sector development

Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Capital Markets and Financial Sectors Division
Responsible ADB Officer Bracey, Pamela
Project Sponsor(s)
Objectives and Scope
Linkage to Country/Regional Strategy

Development of the financial sector is essential to ensuring sustainable private-sector-led economic growth. Without access to formal financial services and sustainable social insurance (including pensions), the poor will be excluded from the growth process and its benefits. Under its Strategy 2020, ADB plans to strengthen its support to the financial sector at the regional and national levels by helping to develop financial infrastructure, institutions, and products and services. This will be accomplished by providing assistance in channeling the region's savings into the most productive investments in particular, development of capital markets as well as by building the capacity of financial institutions by introducing international best practices .

Supporting financial sector development is also in line with the Private Sector Development Strategy and Enhanced Poverty Reduction Strategy, which note that higher economic growth stimulated by private sector investment is a key contributing factor in reducing poverty. The Private Sector Development Strategy refers specifically to ADB's role in strengthening the financial sector in DMCs, noting the critical importance of financial systems for the development of the private sector, which in turn underpins sustainable economic growth. Many DMCs need to strengthen their financial institutions and create diversified financial markets that can finance private-sector-led growth. ADB has supported financial sector reform programs through public sector operations and/or direct investments in financial intermediaries in several DMCs. The proposed technical assistance is also aligned with ADB s Poverty Reduction Strategy, which states that ADB seeks to promote sound and efficient banking systems and capital markets, since these are indispensable for macroeconomic stability, mobilizing savings, and ensuring availability of long-term financing, an essential requirement for pro-poor growth.

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation

Business Opportunities

Consulting Services Consulting Services yet to be determined.

Timetable for assistance design, processing and implementation

Concept Clearance 22 Nov 2010
Due Diligence
Credit Committee Meeting -
Approval 15 Dec 2010
PDS Creation Date 14 Dec 2010
Last PDS Update 30 Sep 2014

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
Capacity Building for Financial Institutions Technical Assistance Reports Dec 2010

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.

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