fbpx 50405-001: Supporting the Development of Asian Bond Markets through AsianBondsOnline | Asian Development Bank

Regional: Supporting the Development of Asian Bond Markets through AsianBondsOnline

Sovereign (Public) Project | 50405-001 Status: Active

The proposed knowledge and support technical assistance (TA) will strengthen, broaden, and sustain growth of Asian bond markets by disseminating information on the region's bond markets, creating knowledge products, and engaging in capacity building activities. The activities are expected to contribute to more informed and better functioning bond markets that lead to increased regional monetary and financial cooperation and integration in the Association of Southeast Asian Nations (ASEAN)+3 . All activities will be undertaken in support of the Asian Bond Markets Initiative (ABMI), including its Medium-Term Road Map that was approved in May 2016.

Project Details

Project Officer
Park, Donghyun Economic Research and Regional Cooperation Department Request for information
Country
  • Regional
Sector
  • Finance
 
Project Name Supporting the Development of Asian Bond Markets through AsianBondsOnline
Project Number 50405-001
Country Regional
Brunei Darussalam
Cambodia
Hong Kong, China
Indonesia
Korea, Republic of
Lao People's Democratic Republic
Malaysia
Myanmar
Philippines
China, People's Republic of
Singapore
Thailand
Viet Nam
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9404-REG: Supporting the Development of Asian Bond Markets through AsianBondsOnline
Investment Climate Facilitation Fund under the Regional Cooperation and Integration Financing Partnership Facility US$ 1.50 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 The proposed knowledge and support technical assistance (TA) will strengthen, broaden, and sustain growth of Asian bond markets by disseminating information on the region's bond markets, creating knowledge products, and engaging in capacity building activities. The activities are expected to contribute to more informed and better functioning bond markets that lead to increased regional monetary and financial cooperation and integration in the Association of Southeast Asian Nations (ASEAN)+3 . All activities will be undertaken in support of the Asian Bond Markets Initiative (ABMI), including its Medium-Term Road Map that was approved in May 2016.
Project Rationale and Linkage to Country/Regional Strategy This TA's objective of strengthening regional monetary and financial cooperation and integration is in line with ADB's Strategy 2020. The Midterm Review of Strategy 2020 recognizes that regional cooperation and integration will remain an important strategic agenda for ADB. It should be noted that the TA is relevant to the Regional Cooperation and Integration (RCI) Strategy, under Pillar 3: Monetary and Financial Cooperation. The TA is aligned with the RCI Operational Plan (approved in September 2016) particularly under Operational Direction 2 on raising competitiveness in connected markets by strengthening regional monetary and financial cooperation and supporting regional capital market development. The TA is relevant to Strategy 2030, which indicates ADB's support for private sector development, including mobilizing private resources for development highlighting the importance of strengthening Asian bond markets.
Impact Enhanced regional monetary and financial cooperation in the ASEAN+3, with integration more strengthened.
Project Outcome
Description of Outcome Enhanced market accessibility and lower informational barriers to global and regional investors in Asian bond markets.
Progress Toward Outcome

Value of local currency bonds (LCY) outstanding in the region has increased to $12.3 trillion in 2017 or 20.6% from 2016. As of September 2019, LCY bonds outstanding in regional markets had reached $15.2 trillion.

Baseline 2016: $10.2 trillion.

Implementation Progress
Description of Project Outputs

ABO website and database maintained well and enhanced.

Asia Bond Monitor (ABM) and research papers on East Asian local currency bond markets published and disseminated.

Capability of government officials involved in bond market development increased.

Status of Implementation Progress (Outputs, Activities, and Issues)

The ABO website revamp was completed and the new ABO website was launched online on 3 July 2018. Additional improvement and refinement are ongoing to be guided by the user survey that ran until end-February 2020. Additional enhancements in the functionality includes new features to highlight event, adjust for data frequency and more granular data is currently underway.

Nine issues of Asia Bond Monitor had been published and disseminated, five of which were launched in Kuala Lumpur, Malaysia, Seoul, Republic of Korea, Singapore, Ha Noi, Viet Nam, and Phnom Penh, Cambodia. Bond market studies were completed and disseminated on the factors driving foreign and domestic investments in bond markets, the role of greenness in green bond pricing, the impact of the Asian Bond Markets Initiative on bond market development in Asia, importance of developing the housing bond market, and the effect of bond market development on banks' risk taking.

Two capacity building workshops were held, one each in 2018 and 2019. For 2018, the workshop was held in Vientiane, Lao PDR on 9-10 August and participated by more than 70 officials from public and private sectors. For 2019, the workshop was organized in Ho Chi Minh, Viet Nam on 27 September and participated by over 100 participants both from the public and private sectors. Regional bond market development experiences, thematic issues in bond market developments, economic outlook and regional bond market development were discussed.

Geographical Location Brunei Darussalam - Nation-wide; Cambodia - Nation-wide; China - Nation-wide; Hong Kong, China - Nation-wide; Indonesia - Nation-wide; Korea, Republic of - Nation-wide; Lao People's Democratic Republic - Nation-wide; Malaysia - Nation-wide; Myanmar - Nation-wide; Philippines - Nation-wide; Singapore - Nation-wide; Thailand - Nation-wide; Viet Nam - 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 Stakeholders were consulted on the topics and workshop design.
Business Opportunities
Consulting Services The TA will require a total of 242 person-months of consulting services. An estimated 221 person-months of individual national consultant services (project coordinator, financial market analysts, website administrator, website developer, graphic designer, typesetter, and training coordinator) and an estimated 21 person-months of individual international consultant services (economic editor, bond market specialist, bond market economists, financial market specialists and resource persons) will be needed for TA implementation.
Procurement Procurement of TA equipment and subscriptions will be purchased in accordance with ADB's Procurement Guidelines (2015, as amended from time to time) and, where applicable, in coordination with ADB's Office of Information Systems and Technology and Office of Administrative Services.
Responsible ADB Officer Park, Donghyun
Responsible ADB Department Economic Research and Regional Cooperation Department
Responsible ADB Division ERMR
Executing Agencies
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines
Timetable
Concept Clearance 16 Jun 2017
Fact Finding 30 Nov 2017 to 31 Dec 2017
MRM -
Approval 17 Oct 2017
Last Review Mission -
Last PDS Update 17 Dec 2019

TA 9404-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
17 Oct 2017 - 17 Oct 2017 31 Oct 2019 31 Aug 2020 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
0.00 1,500,000.00 0.00 0.00 0.00 0.00 1,500,000.00 17 Oct 2017 991,011.50

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


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
Supporting the Development of Asian Bond Markets through AsianBondsOnline (Financial Market Analyst) Individual - Consulting Closed 03 Apr 2020 09 Apr 2020
Supporting the Development of Asian Bond Markets through AsianBondsOnline (Financial Market Analyst) Individual - Consulting Closed 03 Apr 2020 06 Apr 2020
Supporting the Development of Asian Bond Markets through AsianBondsOnline -- Financial Market Analyst-Team Leader (People’s Republic of China) Individual - Consulting Closed 14 Dec 2019 20 Dec 2019
Workshop on Bond Market Development in Emerging East Asia (Theme: Developing Secondary Corporate Bond Market in Viet Nam) Individual - Consulting Closed 29 Aug 2019 04 Sep 2019
Supporting the Development of Asian Bond Markets through AsianBondsOnline (Financial Market Analyst THA and HKG) Individual - Consulting Closed 16 Jul 2019 22 Jul 2019
Supporting the Development of Asian Bond Markets through AsianBondsOnline (SIN and MAL) Individual - Consulting Closed 18 Jun 2019 24 Jun 2019
Supporting the Development of Asian Bond Markets through AsianBondsOnline (KOR and PHI) Individual - Consulting Closed 15 Jun 2019 21 Jun 2019
Supporting the Development of Asian Bond Markets through AsianBondsOnline (INO and VIE) Individual - Consulting Closed 04 Apr 2019 10 Apr 2019
Supporting the Development of Asian Bond Markets through AsianBondsOnline (Financial Market Analyst/Researcher, MAL and THA) Individual - Consulting Closed 27 Mar 2019 02 Apr 2019
Supporting the Development of Asian Bond Markets through AsianBondsOnline (Economics Editor) Individual - Consulting Closed 24 Jan 2019 30 Jan 2019
Supporting the Development of Asian Bond Markets through AsianBondsOnline (Typesetter) Individual - Consulting Closed 24 Jan 2019 30 Jan 2019
Supporting the Development of Asian Bond Markets through AsianBondsOnline Individual - Consulting Closed 23 Mar 2018 29 Mar 2018
Supporting the Development of Asian Bond Markets through AsianBondsOnline (System and Website Database Developer) Individual - Consulting Closed 06 Mar 2018 09 Mar 2018
Supporting the Development of Asian Bond Markets through AsianBondsOnline (Graphic/Multimedia Designer and Developer) Individual - Consulting Closed 24 Feb 2018 02 Mar 2018
Supporting the Development of Asian Bond Markets through AsianBondsOnline (Website Developer and Administrator) Individual - Consulting Closed 16 Jan 2018 22 Jan 2018
Supporting the Development of Asian Bond Markets through AsianBondsOnline Individual - Consulting Closed 11 Jan 2018 17 Jan 2018
Supporting the Development of Asian Bond Markets through AsianBondsOnline Individual - Consulting Closed 11 Jan 2018 17 Jan 2018
Supporting the Development of Asian Bond Markets through AsianBondsOnline (Project Coordinator and Researcher for PRC and Regional) Individual - Consulting Closed 05 Dec 2017 11 Dec 2017
Supporting the Development of Asian Bond Markets through AsianBondsOnline (Japan, Myanmar, Viet Nam, and Cambodia) Individual - Consulting Closed 05 Dec 2017 11 Dec 2017
Supporting the Development of Asian Bond Markets through AsianBondsOnline (MAL and INO) Individual - Consulting Closed 05 Dec 2017 11 Dec 2017
Supporting the Development of Asian Bond Markets through AsianBondsOnline (Thailand and Hong Kong, China) Individual - Consulting Closed 05 Dec 2017 11 Dec 2017
Supporting the Development of Asian Bond Markets through AsianBondsOnline (Philippines, Lao PDR, and Brunei Darussalam) Individual - Consulting Closed 05 Dec 2017 11 Dec 2017
Supporting the Development of Asian Bond Markets through AsianBondsOnline (KOR and SIN) Individual - Consulting Closed 05 Dec 2017 11 Dec 2017

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.