Nonsovereign (Private) Project | 44936-014 Status: Active


Project Details

Project Officer
Engstrom, Christine A. Private Sector Operations Department Request for information
  • Indonesia
  • Finance
Project Number 44936-014
Approval Number 7322/2712
Type of ADB Assistance / Amount
7322/2712 Loan USD 300.00 million Cancelled
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Finance - Banking systems and nonbank financial institutions - Housing finance

Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division
Responsible ADB Officer Engstrom, Christine A.
Project Sponsor(s)
Objectives and Scope
Linkage to Country/Regional Strategy

The current country strategy paper for Indonesia (2006-2009) was developed to support the government's overarching goal of reducing poverty through economic growth with job creation and accelerated attainment of the Millennium Development Goals (MDGs). ADB identified the following five areas of engagement: (i) better infrastructure and infrastructure services, (ii) a deeper financial sector, (iii) more decentralized government functions, (iv) quicker achievement of MDGs, and (v) more robust management of the environment and natural resources. Governance and capacity development, both institutional and human, were also identified as key areas that ADB should support. The CSP identifies interventions in the finance sector in support of housing finance through the public sector in terms of developing the secondary mortgage market and through the private sector, specifically stating that potential operations could include development and enhancement of the mortgage market.

As part of financial sector development, ADB support for housing finance projects is embedded in a number of key strategic documents and business plans. ADB_s Private Sector Development Strategy refers specifically to ADB's role in strengthening the finance sector, including housing finance, in DMCs. In 2006, PSOD's Financial Sector Development Business Framework noted that housing finance would continue to be one of the guiding themes in terms of developing the major components necessary for a healthy finance sector, while PSOD_s Capital Markets and Financial Sectors Division_s 2010_2012 Business Plan and Priorities also states that ADB will support housing finance projects. Finally, ADB_s draft Financial Sector Action Plan highlights the need to support housing finance projects as part of financial sector development in ADB_s DMCs. The Housing Finance Program is consistent with ADB_s overall financial sector strategy in that it will assist in the development of a critical component of the Indonesian banking sector that has been to date highly underdeveloped.

Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 03 Sep 2010
Due Diligence
Credit Committee Meeting 18 Oct 2010
Approval 01 Dec 2010
PDS Creation Date 28 Oct 2010
Last PDS Update 26 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
Proposed Senior Loans Housing Finance Program Initial Poverty and Social Analysis Nov 2010
Proposed Senior Loans Housing Finance Program Reports and Recommendations of the President Nov 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.

Requests for information may also be directed to the InfoUnit.