Sri Lanka : Capital Market Development Program
A PPTA is required to effectively formulate the program which will support the government's commitment to meaningful capital market reform. The PPTA will build upon the ten point agenda (please refer to Appendix 5) that was established by Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE).
Project Details
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Project Officer
Lambert, Donald J.
South Asia Department
Request for information -
Country/Economy
Sri Lanka -
Modality
-
Sector
- Finance
Related Projects
Project Name | Capital Market Development Program | ||||
Project Number | 49365-001 | ||||
Country / Economy | Sri Lanka |
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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 Knowledge solutions Partnerships Private sector development |
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Sector / Subsector | Finance / Money and capital markets |
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Gender | No gender elements | ||||
Description | A PPTA is required to effectively formulate the program which will support the government's commitment to meaningful capital market reform. The PPTA will build upon the ten point agenda (please refer to Appendix 5) that was established by Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE). | ||||
Project Rationale and Linkage to Country/Regional Strategy | The PPTA is necessary to effectively formulate the Capital Market Development Program (CMDP) which will support the Government's commitment to meaningful capital market reform. The objective of the PPTA is to identify policy measures to support the development of a robust financial markets system in Sri Lanka that is well balanced, sustainable and resilient and that is able to effectively intermediate savings to finance investment. | ||||
Impact |
Project Outcome | |
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Description of Outcome | |
Progress Toward Outcome | |
Implementation Progress | |
Description of Project Outputs | |
Status of Implementation Progress (Outputs, Activities, and Issues) | |
Geographical Location | Nation-wide |
Summary of Environmental and Social Aspects | |
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Environmental Aspects | |
Involuntary Resettlement | |
Indigenous Peoples | |
Stakeholder Communication, Participation, and Consultation | |
During Project Design | |
During Project Implementation | A stakeholder seminar was held in June 2016 that provided an overview of the consultant's findings and recommendations. |
Business Opportunities | |
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Consulting Services | The PPTA was implemented over 6 months, from April 2016 to September 2016. The consulting contract with ISC was awarded in June 2016. A team of 9 international consultants and 8 domestic consultants provided a total of 25 person-months of consulting services. Consulting firm was recruited, using the quality- and cost-based selection method with a standard quality-cost ratio of 90:10 because of the highly specialized expertise needed. ADB engaged the consulting firm in accordance with the Guidelines on the Use of Consultants (2015, as amended from time to time). The selection of the consulting firm was based on the submission of a simplified technical proposal and effected by the quality- and cost-based selection process. |
Responsible ADB Officer | Lambert, Donald J. |
Responsible ADB Department | South Asia Department |
Responsible ADB Division | Public Management, Financial Sector and Trade Division, SARD |
Executing Agencies |
Ministry of Finance and Planning Ministry of National Policies and Economics Affairs |
Timetable | |
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Concept Clearance | 15 Apr 2016 |
Fact Finding | - |
MRM | - |
Approval | 20 Apr 2016 |
Last Review Mission | - |
Last PDS Update | 20 Sep 2016 |
TA 9105-SRI
Milestones | |||||
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Approval | Signing Date | Effectivity Date | Closing | ||
Original | Revised | Actual | |||
20 Apr 2016 | 02 Jun 2016 | 02 Jun 2016 | 30 Sep 2016 | - | 29 Nov 2016 |
Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
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ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
Gov | Beneficiaries | Project Sponsor | Others | |||||
500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 500,000.00 | 17 Jun 2022 | 464,552.55 |
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.
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Title | Document Type | Document Date |
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Capital Market Development Program: Concept Paper | Concept Papers | Apr 2016 |
Capital Market Development Program: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Apr 2016 |
Capital Market Development Program: Project Data Sheet (Sinhala Translation) | Translated PDS | Apr 2016 |
Capital Market Development Program: Project Data Sheet (Tamil Translation) | Translated PDS | Mar 2016 |
Capital Market Development Program: Project Preparatory Technical Assistance Report | Project Preparatory Technical Assistance Reports | Apr 2016 |
Capital Market Development Program: Sri Lanka Capital Market Assessment | Consultants' Reports | May 2016 |
TA 9105-SRI Capital Market Development Program: Final Report | Consultants' Reports | Sep 2016 |
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
Contracts Awarded
Contract Title | Approval Number | Contract Date | Contractor | Address | Executing Agency | Total Contract Amount (US$) | Contract Amount Financed by ADB (US$) |
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Project Preparatory | Technical Assistance 9105 | 03 Jun 2016 | Ministry of National Policies and Economic Affairs | 500,000.00 | — |
Procurement Plan
None currently available.