fbpx 52218-001: Promoting Innovative Financial Inclusion Program (Subprogram 1) | Asian Development Bank

Indonesia: Promoting Innovative Financial Inclusion Program (Subprogram 1)

Sovereign (Public) Project | 52218-001 Status: Approved

The programmatic approach supports the government's ongoing efforts to further enhance financial inclusion. It will (i) improve the government's capabilities to better target and track financial inclusion efforts and enhance supporting infrastructure; (ii) directly increase access to finance for micro, small, and medium-sized enterprises (MSMEs) and the underserved using innovative technology; and (iii) strengthen the regulatory framework for digital financial services, data privacy, and consumer protection.

Project Details

Project Officer
Jayawardana, Poornima G.W. Southeast Asia Department Request for information
Country
  • Indonesia
Sector
  • Finance
 
Project Name Promoting Innovative Financial Inclusion Program (Subprogram 1)
Project Number 52218-001
Country Indonesia
Project Status Approved
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 4038-INO: Promoting Innovative Financial Inclusion Program (Subprogram 1)
Ordinary capital resources US$ 500.00 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Finance / Inclusive finance

Gender Equity and Mainstreaming Gender equity
Description The programmatic approach supports the government's ongoing efforts to further enhance financial inclusion. It will (i) improve the government's capabilities to better target and track financial inclusion efforts and enhance supporting infrastructure; (ii) directly increase access to finance for micro, small, and medium-sized enterprises (MSMEs) and the underserved using innovative technology; and (iii) strengthen the regulatory framework for digital financial services, data privacy, and consumer protection.
Project Rationale and Linkage to Country/Regional Strategy To address the challenge of poverty and inequality, the government is pursuing a comprehensive program with a strong focus on financial inclusion.
Impact Public access to formal financial services improved (National Strategy for Financial Inclusion, 2016)
Project Outcome
Description of Outcome A more inclusive financial services sector
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Tools and infrastructure for financial inclusion

Access to finance by MSMEs and marginalized groups including women and youth

Supervision and consumer protection framework for responsible financial inclusion

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nation-wide
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Responsible ADB Officer Jayawardana, Poornima G.W.
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SERD
Executing Agencies
Fiscal Policy Office-Ministry of Finance
[email protected]
Fiscal Policy Office-Ministry of Finance
Gedung RM Notohamiprojo, 8th floor
Jl. DR. Wahidin No. 1
Jakarta, Indonesia
Timetable
Concept Clearance 05 Jun 2020
Fact Finding 20 Jul 2020 to 24 Jul 2020
MRM 15 Sep 2020
Approval 09 Dec 2020
Last Review Mission -
Last PDS Update 09 Dec 2020

Loan 4038-INO

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
09 Dec 2020 - - 31 Oct 2021 - -
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 500.00 Cumulative Contract Awards
ADB 500.00 09 Dec 2020 0.00 0.00 0%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 09 Dec 2020 0.00 0.00 0%

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

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None currently available.

Evaluation Documents See also: Independent Evaluation

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Related Publications

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Tenders

No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.