fbpx 50056-001: Support for ASEAN+3 Bond Market Forum under the New Asian Bond Markets Initiative Medium-Term Road Map | Asian Development Bank

Regional: Support for ASEAN+3 Bond Market Forum under the New Asian Bond Markets Initiative Medium-Term Road Map

Sovereign (Public) Project | 50056-001 Status: Closed

Project Details

Project Officer
Yamadera, Satoru Economic Research and Regional Cooperation Department Request for information
Country
  • Regional
Modality
  • Technical Assistance
Sector
  • Finance
 
Project Name Support for ASEAN+3 Bond Market Forum under the New Asian Bond Markets Initiative Medium-Term Road Map
Project Number 50056-001
Country Regional
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9303-REG: Support for ASEAN+3 Bond Market Forum under the New Asian Bond Markets Initiative Medium-Term Road Map
Investment Climate Facilitation Fund under the Regional Cooperation and Integration Financing Partnership Facility US$ 1.60 million
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Knowledge solutions
Partnerships
Sector / Subsector

Finance / Money and capital markets

Gender Equity and Mainstreaming No gender elements
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact Greater financial stability through regional bond market integration in ASEAN+3 region
Project Outcome
Description of Outcome Mobilization of funds through ASEAN+3 bond markets strengthened.
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

1. AMBIF participating markets increased

2. New AMBIF bond issuance created

3. Regulatory and tax hurdles for AMBIF identified.

4. Challenges relating to cross-border collateral and repo as well as securities lending and borrowing identified

5. International standards including ISO20022 adopted or their adoption plan in the key market infrastructures announced.

6. Initial assessment of possible information platform conducted.

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Regional
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services The TA will require 50 person-months of individual international consultant services and 30 person-months of individual national consultant services, comprising: (i) 20 person-months for the lead bond business and financial operation specialist, with extensive knowledge and experience in the custody industry and profound operational knowledge of market and settlement practices, securities transaction IT systems, taxation and regulations in ASEAN+3 with more than 15 years of experience; (ii) 10 person-months for financial legal expert, with extensive knowledge of financial laws, regulations, and market practices in ASEAN+3 markets as well as those of Europe and the United States with more than 15 years of experience; (iii) 6 person-months for the financial information technology specialist, with extensive knowledge of information systems, particularly of clearing and settlement in ASEAN+3 with more than 15 years of experience; (iv) 5 person-months for the financial tax law expert, with significant working experience in financial regulation and tax law analysis of ASEAN with more than 10 years of experience; (v) 4 person-months for the financial service standards expert with significant working experience in financial services standardization with more than 10 years of experience; (vi) 3 person-months for the cross-border collateral and repo transaction expert with significant working experience in custody business especially in cross-border bond business and cross-border collateral management in ASEAN+3 with more than 10 years of experience; (vii) 2 person-months for the economic and finance editor with significant experience in editing economics and finance literatures with more than 7 years of experience; and (viii) 30 person-months for a national consultant with experience in project coordination and research assistance with more than 5 years of relevant experience.
Responsible ADB Officer Yamadera, Satoru
Responsible ADB Department Economic Research and Regional Cooperation Department
Responsible ADB Division Office of the Chief Economist, ERD
Executing Agencies
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines
Timetable
Concept Clearance 17 Nov 2016
Fact Finding -
MRM -
Approval 17 Mar 2017
Last Review Mission -
Last PDS Update 24 Apr 2017

TA 9303-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
17 Mar 2017 - 17 Mar 2017 31 Jul 2019 31 Dec 2020 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
0.00 1,600,000.00 0.00 0.00 0.00 0.00 1,600,000.00 17 Mar 2017 1,427,621.21

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Evaluation Documents See also: Independent Evaluation

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Tenders

Tender Title Type Status Posting Date Deadline
Support for ASEAN+3 Bond Market Forum under the New Asian Bond Markets Initiative Medium-Term Road Map Individual - Consulting Closed 10 Nov 2018 16 Nov 2018

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.