52066-001: Promoting Investments and Economic Growth in Central and West Asia, East Asia, and South Asia Subregions | Asian Development Bank

Regional: Promoting Investments and Economic Growth in Central and West Asia, East Asia, and South Asia Subregions

Sovereign (Public) Project | 52066-001 Status: Active

The knowledge and support technical assistance (TA) will fund a feasibility study to further develop the concept and articulate the business case for establishing a multilateral trade credit and investment (re-) guarantee agency (TCIGA). The proposed TCIGA would assist in promoting foreign direct investment (FDI) and sustainable economic growth in the Central and West Asia (CWA), East Asia, and South Asia subregions through intra-regional and interregional trade.

Project Details

Project Officer
Pladet, Roland C.J. Central and West Asia Department Request for information
Country
  • Regional
Sector
  • Finance
 
Project Name Promoting Investments and Economic Growth in Central and West Asia, East Asia, and South Asia Subregions
Project Number 52066-001
Country Regional
Afghanistan
Armenia
Azerbaijan
Bangladesh
Bhutan
Georgia
India
Kazakhstan
Kyrgyz Republic
Maldives
Mongolia
Nepal
Pakistan
China, People's Republic of
Sri Lanka
Tajikistan
Turkmenistan
Uzbekistan
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9610-REG: Promoting Investments and Economic Growth in Central and West Asia, East Asia, and South Asia Subregions
Technical Assistance Special Fund US$ 300,000.00
United Kingdom Fund for Asia Regional Trade and Connectivity under the Regional Cooperation and Integration Financing Partnership Facility US$ 1.50 million
Regional Cooperation and Integration Fund US$ 500,000.00
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Partnerships
Private sector development
Sector / Subsector

Finance / Finance sector development - Trade finance

Gender Equity and Mainstreaming No gender elements
Description The knowledge and support technical assistance (TA) will fund a feasibility study to further develop the concept and articulate the business case for establishing a multilateral trade credit and investment (re-) guarantee agency (TCIGA). The proposed TCIGA would assist in promoting foreign direct investment (FDI) and sustainable economic growth in the Central and West Asia (CWA), East Asia, and South Asia subregions through intra-regional and interregional trade.
Project Rationale and Linkage to Country/Regional Strategy

International trade has historically been a precursor to the economic growth of developed countries and more recently of many emerging economies. Accordingly, most Asia and Pacific region countries can likewise improve their economic growth through intra-regional and interregional trade by addressing the constraints that adversely affect their trade competitiveness. Except for India and the People's Republic of China, most economies in the CWA, East Asia, and South Asia subregions have underdeveloped trade facilitation mechanisms and inadequate trade-related infrastructure and financial support systems. These constraints limit the countries' ability to trade competitively and consequently reduce their capacity to diversify their economies and achieve sustained and inclusive growth. Having limited access to trade finance, in particular, disadvantages small and medium-sized enterprises in relation to foreign competitors who can access financial support and enhancements from national export credit agencies (ECAs) capable of offering insurance for extended payment terms and facilitating a lower cost of financing. This situation discourages trade competition, further depriving small and low-income economies of processes that are crucial to attaining productivity growth.

TCIGA would encourage and support small and medium-sized enterprises and other nontraditional exporters to trade competitively domestically, regionally, and globally. Improving DMCs' competitiveness to trade within and outside their local markets is expected to promote economic diversification and pave the way for sustainable long-term economic growth through increased value-added production and employment in the region.

Impact Sustainable economic growth through export diversification and structural transformation enhanced.
Project Outcome
Description of Outcome MOUs firming up participation of prospective TCIGA member countries submitted
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Phase 1

1. TCIGA feasibility assessed

Phase 2 (contingent*)

2. In country consultations and workshops conducted

*Phase 2 implementation is contingent upon the feasibility study providing a compelling business case for the establishment of the proposed agency. If TCIGA's establishment is considered feasible, internal approval will be sought for a minor change of scope under the TA to fully implement phase 2.

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Afghanistan - Nation-wide; Armenia - Nation-wide; Azerbaijan - Nation-wide; Bangladesh - Nation-wide; Bhutan - Nation-wide; China - Nation-wide; Georgia - Nation-wide; India - Nation-wide; Kazakhstan - Nation-wide; Kyrgyz Republic - Nation-wide; Maldives - Nation-wide; Mongolia - Nation-wide; Nepal - Nation-wide; Pakistan - Nation-wide; Sri Lanka - Nation-wide; Tajikistan - Nation-wide; Turkmenistan - Nation-wide; Uzbekistan - 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 A consulting firm will be recruited in accordance with ADB's Guidelines on the Use of Consultants (2017, as amended from time to time) and its associated project administration instructions and/or staff instructions. The consulting firm will manage a multidisciplinary consultant team comprising up to 6 international and 48 national experts and will be selected using the quality- and cost-based selection method with a quality cost ratio of 90:10.
Responsible ADB Officer Pladet, Roland C.J.
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines
Timetable
Concept Clearance 16 Mar 2018
Fact Finding 26 Mar 2018 to 30 Mar 2018
MRM -
Approval 11 Oct 2018
Last Review Mission -
Last PDS Update 15 Oct 2018

TA 9610-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
11 Oct 2018 - 11 Oct 2018 31 May 2020 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
800,000.00 1,500,000.00 0.00 0.00 0.00 0.00 2,300,000.00 11 Oct 2018 0.00

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

None currently available.

Related Publications

None currently available.


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Tenders

Tender Title Type Status Posting Date Deadline
Promoting Investments and Economic Growth in Central and West Asia, East Asia, and South Asia Subregions Firm - Consulting Closed 20 Sep 2018 18 Oct 2018

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.