fbpx 51336-001: Capacity Building Support for Asia-Pacifc Economic Cooperation Financial Regulators Training Initiative | Asian Development Bank

Regional: Capacity Building Support for Asia-Pacifc Economic Cooperation Financial Regulators Training Initiative

Sovereign (Public) Project | 51336-001 Status: Active

The proposed technical assistance (TA) will support capacity building of the financial supervisors and regulators across the Asia-Pacific region under Asia Pacific Economic Cooperation (APEC) Financial Regulators Training Initiative (FRTI). The TA provides developing member countries (DMCs) with training programs so that they can improve regulation and supervision of financial institutions and markets, respond effectively to new developments and emerging issues in the financial sector, and prevent financial crisis.

Project Details

Project Officer
Satoru Yamadera Economic Research and Regional Cooperation Department Request for information
Country
  • Regional
Sector
  • Finance
 
Project Name Capacity Building Support for Asia-Pacifc Economic Cooperation Financial Regulators Training Initiative
Project Number 51336-001
Country Regional
Cambodia
China, People's Republic of
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9501-REG: Capacity Building Support for Asia-Pacifc Economic Cooperation Financial Regulators Training Initiative
People's Republic of China Poverty Reduction and Regional Cooperation Fund US$ 600,000.00
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Knowledge solutions
Partnerships
Sector / Subsector

Finance / Central banking systems

Gender Equity and Mainstreaming No gender elements
Description The proposed technical assistance (TA) will support capacity building of the financial supervisors and regulators across the Asia-Pacific region under Asia Pacific Economic Cooperation (APEC) Financial Regulators Training Initiative (FRTI). The TA provides developing member countries (DMCs) with training programs so that they can improve regulation and supervision of financial institutions and markets, respond effectively to new developments and emerging issues in the financial sector, and prevent financial crisis.
Project Rationale and Linkage to Country/Regional Strategy The APEC finance ministers endorsed the establishment of the APEC FRTI in May 1998, in response to the Asian financial crisis that broke out in 1997, based on the recognition of the importance of well-trained financial supervisors on financial stability. The finance ministers asked the United States of America and ADB to lead the initiative. Against the background, ADB has provided the secretariat service and funding support for the implementation of the initiative. ADB's financial support was funded primarily out of the Technical Assistance Special Fund and Regional Cooperation & Integration Fund of ADB and financed consultants and resource people. Many supervisory authorities, particularly those of the United States, played the role of resource people with no fee in the spirit of mutual help. Participating financial supervisors shouldered all their travel-related cost, while each host country provided a venue. With the strong ownership of member countries, ADB has been able to support the initiative cost-effectively.
Impact Improved financial stability with effective supervision and regulation of participating DMCs
Project Outcome
Description of Outcome Enhanced capacity of finance sector regulators and supervisors and strengthened regional cooperation among participating DMCs in addressing evolving risks and vulnerabilities of the finance sector
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Output 1: Capacity building programs developed and conducted

Output 2: Knowledge and information on emerging financial risks effectively disseminated

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

Financial sector supervision training expert (1 international, 8 person-months, intermittent).

Editor (1 international, 2 person-months, intermittent).

Researcher (1 international, 2 person-months)

Project specialist (1 national, 22 person-months, intermittent)

Events coordinator (1 national, 24 person-months)

Website developer and designer (1 national, 3 person-months, intermittent)

Resource persons (24 individuals, 10 person-months total)

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 08 Dec 2017
Fact Finding 05 Oct 2017 to 05 Oct 2017
MRM -
Approval 12 Feb 2018
Last Review Mission -
Last PDS Update 15 Feb 2018

TA 9501-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
12 Feb 2018 - 12 Feb 2018 31 Dec 2019 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
0.00 600,000.00 0.00 0.00 0.00 0.00 600,000.00 12 Feb 2018 271,355.64

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.

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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

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Related Publications

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Requests for information may also be directed to the InfoUnit.

Tenders

Tender Title Type Status Posting Date Deadline
Capacity Building Support for Asia-Pacifc Economic Cooperation Financial Regulators Training Initiative Individual - Consulting Closed 24 Feb 2018 02 Mar 2018
Capacity Building Support for Asia-Pacifc Economic Cooperation Financial Regulators Training Initiative Individual - Consulting Closed 05 Feb 2018 11 Feb 2018

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.