| Project Name | Financial Market Development and Inclusion Program (Subprogram 2) | ||||||||||||
| Project Number | 48207-002 | ||||||||||||
| Country | Indonesia |
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| Project Status | Active | ||||||||||||
| Project Type / Modality of Assistance | Loan 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 | Gender Equity and Mainstreaming Governance and capacity development Knowledge solutions |
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| Sector / Subsector | Finance / Finance sector development |
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| Gender Equity and Mainstreaming | Effective gender mainstreaming | ||||||||||||
| Description | |||||||||||||
| Project Rationale and Linkage to Country/Regional Strategy | |||||||||||||
| Impact | |||||||||||||
| Project Outcome | |
|---|---|
| Description of Outcome | |
| Progress Toward Outcome | Loan-single tranche was released on 15 Sept 2017 and was financially closed on 17 Nov 2017.TA9333-INO: VP approved an increase in TA amount on 12 Aug 2020 ($300,000). Revised TA completion date is 27 June 2022.The TA is ongoing and the following are the detailed activities.The TA has engaged i) International Financial Inclusion Expert, ii) National Financial Inclusion Project Manager, ii) National Fintech Expert, iii) International Digital Platform Development Experts, iv) International Youth Engagement Expert, v) National Experiential Financial Literacy Teacher Training Firm, and vi) International Monitoring and Evaluation Expert to support the implementation of the activities under the TA outputs of i)increasing access to finance through innovative approaches, ii) financial literacy, and iii) consumer protection. The TA completion date was first extended from 30 June 2019 to 30 June 2020 to allow time for additional activities, i.e., consultant and resource person engagements in the field of financial inclusion and the engagement of services to develop a geospacial financial services mobile application and digital financial literacy. The second extension to 27 June 2022 was to allow for a change in scope to support the expansion of the youth financial inclusion ambassadors' program (DIKA) including support for the EIFIL an OJK-ADB joint initiative to support regional development banks to promote financial inclusion, and is aligned with the Post Program Partnership Framework (2019 2024) of the FMDIP Program and the proposed Promoting Innovative Financial Inclusion Program (PIFIP) that is for approval in Q4 2020. |
| Implementation Progress | |
| Description of Project Outputs | |
| Status of Implementation Progress (Outputs, Activities, and Issues) | Loan-single tranche was released on 15 Sept 2017 and was financially closed on 17 Nov 2017.TA9333-INO: VP approved an increase in TA amount on 12 Aug 2020 ($300,000). Revised TA completion date is 27 June 2022.The TA is ongoing and the following are the detailed activities.The TA has engaged i) International Financial Inclusion Expert, ii) National Financial Inclusion Project Manager, ii) National Fintech Expert, iii) International Digital Platform Development Experts, iv) International Youth Engagement Expert, v) National Experiential Financial Literacy Teacher Training Firm, and vi) International Monitoring and Evaluation Expert to support the implementation of the activities under the TA outputs of i)increasing access to finance through innovative approaches, ii) financial literacy, and iii) consumer protection. The TA completion date was first extended from 30 June 2019 to 30 June 2020 to allow time for additional activities, i.e., consultant and resource person engagements in the field of financial inclusion and the engagement of services to develop a geospacial financial services mobile application and digital financial literacy. The second extension to 27 June 2022 was to allow for a change in scope toll support the expansion of the youth financial inclusion ambassadors' program (DIKA) including support for the EIFIL an OJK-ADB joint initiative to support regional development banks to promote financial inclusion, and is aligned with the Post Program Partnership Framework (2019 2024) of the FMDIP Program and the proposed Promoting Innovative Financial Inclusion Program (PIFIP) that is for approval in Q4 2020.8.support for the EIFIL an OJK-ADB joint initiative to support regional development banks to promote financial inclusion, and is aligned with the Post Program Partnership Framework (2019 2024) of the FMDIP Program and the proposed Promoting Innovative Financial Inclusion Program (PIFIP) that is for approval in Q4 2020. |
| Geographical Location | Nation-wide |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | |
| During Project Implementation | |
| Responsible ADB Officer | Jayawardana, Poornima G.W. |
| Responsible ADB Department | Southeast Asia Department |
| Responsible ADB Division | Public Management, Financial Sector and Trade Division, SERD |
| Executing Agencies |
Ministry of Finance Directorate General of Budget Financing and Risk Management [email protected] Frans Seda Building Jln. Dr. Wahidin Raya No. 1 Jakarta 10710, Indonesia |
| Timetable | |
|---|---|
| Concept Clearance | - |
| Fact Finding | - |
| MRM | - |
| Approval | - |
| Last Review Mission | - |
| Last PDS Update | 29 Sep 2020 |
Loan 3541-INO
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 28 Jun 2017 | 18 Jul 2017 | 07 Sep 2017 | 31 Mar 2018 | - | 15 Nov 2017 |
| Financing Plan | Loan Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 400.00 | Cumulative Contract Awards | |||
| ADB | 400.00 | 28 Jun 2017 | 400.00 | 0.00 | 100% |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 0.00 | 28 Jun 2017 | 400.00 | 0.00 | 100% |
TA 9333-INO
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 28 Jun 2017 | 19 Sep 2017 | 19 Sep 2017 | 30 Jun 2019 | 27 Jun 2022 | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 1,100,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,100,000.00 | 28 Jun 2017 | 634,843.05 |
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 |
|---|---|---|
| Loan Agreement for Loan 3541-INO: Financial Market Development and Inclusion Program - Subprogram 2 | Loan Agreement (Ordinary Resources) | Jul 2017 |
| Financial Market Development and Inclusion Program - Subprogram 2: Report and Recommendation of the President | Reports and Recommendations of the President | Jun 2017 |
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.
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Tenders
| Tender Title | Type | Status | Posting Date | Deadline |
|---|---|---|---|---|
| National IT firm- Geospatial Mobile App Developer | Firm - Consulting | Closed | 28 Jun 2019 | 12 Jul 2019 |
| Financial Inclusion Expert | Individual - Consulting | Closed | 25 Jun 2019 | 07 Jul 2019 |
| National Monitoring and Evaluation Expert | Individual - Consulting | Closed | 31 Aug 2018 | 13 Sep 2018 |
| Experiential Financial Literacy Teacher Training | Firm - Consulting | Closed | 11 Aug 2018 | 09 Sep 2018 |
| International Financial Inclusion Expert | Individual - Consulting | Closed | 09 Aug 2018 | 15 Aug 2018 |
| National Financial Inclusion Expert | Individual - Consulting | Closed | 15 Jun 2018 | 21 Jun 2018 |
| National Financial Inclusion Project Manager | Individual - Consulting | Closed | 22 May 2018 | 28 May 2018 |
| Experiential Financial Literacy Curriculum & Teacher Guide Development Expert | Individual - Consulting | Closed | 16 May 2018 | 22 May 2018 |
| International Youth Engagement Expert | Individual - Consulting | Closed | 24 Mar 2018 | 30 Mar 2018 |
| Internaitonal Financial Inclusion Expert | Individual - Consulting | Closed | 21 Feb 2018 | 27 Feb 2018 |
| Experiential Financial Literacy Curriculum & Teacher Guide Development Expert | Individual - Consulting | Closed | 17 Feb 2018 | 16 Mar 2018 |
Contracts Awarded
No contracts awarded for this project were found
Procurement Plan
None currently available.