fbpx 51253-001: Capacity Building Support to the Association of Southeast Asian Nations Financial Integration: Phase II | Asian Development Bank

Regional: Capacity Building Support to the Association of Southeast Asian Nations Financial Integration: Phase II

Sovereign (Public) Project | 51253-001 Status: Active

The proposed technical assistance (TA) will continue support to capacity building of the central banks and financial regulators of the Association of Southeast Asian Nations (ASEAN) to realize financial integration under the ASEAN Economic Community. Particularly, it will provide capacity-building programs to Cambodia, the Lao People's Democratic Republic, Myanmar, and Viet Nam (CLMV) in coordination with the South East Asian Central Banks Research and Training Centre (SEACEN) and through regional knowledge sharing with peer ASEAN central banks. The capacity building programs will be developed under close guidance by the Steering Committee for Capacity Building Initiatives to Support ASEAN Financial Integration (SCCB) and the ASEAN Senior Level Committee on Financial Integration (SLC).

Project Details

Project Officer
Satoru Yamadera Economic Research and Regional Cooperation Department Request for information
Country
  • Regional
Sector
  • Finance
 
Project Name Capacity Building Support to the Association of Southeast Asian Nations Financial Integration: Phase II
Project Number 51253-001
Country Regional
Cambodia
Lao People's Democratic Republic
Myanmar
Viet Nam
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9447-REG: Capacity Building Support to the Association of Southeast Asian Nations Financial Integration: Phase II
Technical Assistance Special Fund US$ 1.50 million
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Finance / Central banking systems

Gender Equity and Mainstreaming No gender elements
Description The proposed technical assistance (TA) will continue support to capacity building of the central banks and financial regulators of the Association of Southeast Asian Nations (ASEAN) to realize financial integration under the ASEAN Economic Community. Particularly, it will provide capacity-building programs to Cambodia, the Lao People's Democratic Republic, Myanmar, and Viet Nam (CLMV) in coordination with the South East Asian Central Banks Research and Training Centre (SEACEN) and through regional knowledge sharing with peer ASEAN central banks. The capacity building programs will be developed under close guidance by the Steering Committee for Capacity Building Initiatives to Support ASEAN Financial Integration (SCCB) and the ASEAN Senior Level Committee on Financial Integration (SLC).
Project Rationale and Linkage to Country/Regional Strategy ASEAN Economic Community Blueprint 2025 is envisioned _to create a deeply integrated and highly cohesive ASEAN economy that would support sustained high economic growth and resilience even in the face of global economic shocks and volatilities_. However, substantial development gaps among ASEAN member states stand in the way of the integration. Inadequate capacity and financial infrastructure would be a potential cause of instability when the markets are integrated. The ASEAN central banks strongly believe that capacity building is of utmost importance in narrowing the development gaps and in bringing all ASEAN members to fully participate in the ongoing financial integration efforts. ASEAN Economic Community Blueprint 2025 clearly states capacity building as one of three important cross-cutting areas, together with capital account liberalization and payment and settlement systems.
Impact ASEAN central banks developed and implemented effective strategies and projects to achieve ASEAN monetary and financial integration
Project Outcome
Description of Outcome Organizational capacity and knowledge among CLMV central bank staff improved
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

New capacity building programs developed and conducted

Enhanced SCCB web portal

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Cambodia - Nation-wide; Lao People's Democratic Republic - Nation-wide; Myanmar - 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
Business Opportunities
Consulting Services The TA will require 15 person-months of individual international consultancy service who will be engaged as capacity development expert. The consultant will be engaged on an intermittent basis with a provision for out-of-pocket expenditures. The TA will also require a training coordinator/evaluator as a national consultant for 24 person-months. Resource persons will be engaged as guest speakers during the customized training programs. ADB will engage consultants in line with its Guidelines on the Use of Consultants (2013, as amended from time to time).
Procurement none
Responsible ADB Officer Satoru Yamadera
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 27 Oct 2017
Fact Finding 11 Jul 2017 to 11 Jul 2017
MRM -
Approval 06 Dec 2017
Last Review Mission -
Last PDS Update 13 Dec 2017

TA 9447-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
06 Dec 2017 - 06 Dec 2017 31 Dec 2019 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,500,000.00 0.00 0.00 0.00 0.00 0.00 1,500,000.00 06 Dec 2017 416,238.46

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Safeguard Documents See also: Safeguards

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None currently available.

Evaluation Documents See also: Independent Evaluation

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Related Publications

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Tenders

Tender Title Type Status Posting Date Deadline
Capacity Building Support to the Association of Southeast Asian Nations Financial Integration: Phase II Individual - Consulting Closed 18 Dec 2017 24 Dec 2017

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.