fbpx 48207-002: Financial Market Development and Inclusion Program (Subprogram 2) | Asian Development Bank

Indonesia: Financial Market Development and Inclusion Program (Subprogram 2)

Sovereign (Public) Project | 48207-002 Status: Active
 
Project Name Financial Market Development and Inclusion Program (Subprogram 2)
Project Number 48207-002
Country Indonesia
Project Status Active
Project Type / Modality of Assistance Loan
Technical Assistance
Source of Funding / Amount
Loan 3541-INO: Financial Market Development and Inclusion Program (Subprogram 2)
Ordinary capital resources US$ 400.00 million
TA 9333-INO: Financial Market Development and Inclusion Program (Subprogram 2)
Financial Sector Development Partnership Special Fund US$ 300,000.00
TA 9333-INO: Promoting Innovative Financial Inclusion
Technical Assistance Special Fund US$ 800,000.00
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Sector / Subsector

Finance / Finance sector development

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.

The Access to Information Policy (AIP) 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.

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 Access to Information Policy (AIP) 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.

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.