Regional : Promoting an Interconnected, Inclusive, and Resilient Association of Southeast Asian Nations Capital Market

Sovereign Project | 53169-001

Project Name Promoting an Interconnected, Inclusive, and Resilient Association of Southeast Asian Nations Capital Market
Project Number 53169-001
Country / Economy Regional
Brunei Darussalam
Lao People's Democratic Republic
Viet Nam
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9924-REG: Promoting an Inter-Connected, Inclusive and Resilient ASEAN Capital Market
Investment Climate Facilitation Fund under the Regional Cooperation and Integration Financing Partnership Facility US$ 1.50 million
TA 9924-REG: Promoting an Interconnected, Inclusive, and Resilient Association of Southeast Asian Nations Capital Market
Green Climate Fund US$ 250,000.00
Operational Priorities OP1: Addressing remaining poverty and reducing inequalities
OP2: Accelerating progress in gender equality
OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
OP6: Strengthening governance and institutional capacity
OP7: Fostering regional cooperation and integration
Sector / Subsector

Finance / Money and capital markets

Gender Some gender elements
Project Rationale and Linkage to Country/Regional Strategy

Interconnected, inclusive, and resilient ASEAN capital markets achieved

Project Outcome
Description of Outcome

Number of cross-border capital market activities in ASEAN countries increased.

Progress Toward Outcome
Implementation Progress
Description of Project Outputs

ASEAN asset classes and investor participation promoted

Regulatory capacity and regulatory cohesiveness strengthened

Stakeholder interaction, cooperation, and coordination deepened

Status of Implementation Progress (Outputs, Activities, and Issues) Under output 1, the ACMF Roadmap has been finalized. The preparation of the ACGS 2019 is currently being drafted and the mapping exercise on the current green finance-related initiatives and preparation of the thematic reports series are ongoing. Under output 2, the gap assessment and development of a tool kit to prepare Cambodia, Lao PDR, and the Philippines to become signatories of the IOSCO MMoU. Under output 3, the TA financed the ACMF website hosting for Jan-Jun 2020 and supported the preparation of the ACMF Action Plan. As of 25 Mar 2021, $692,354 has been committed (46% of the total TA amount), $238,240 disbursed (34% of the committed amount), and $807,646 uncommitted TA amount (54% of the total TA amount).
Geographical Location Brunei Darussalam - Brunei; Cambodia - Nation-wide, Cambodia; Indonesia - Nation-wide, Indonesia; Lao People's Democratic Republic - Nation-wide, Laos; Malaysia - Nation-wide, Malaysia, Malaysia, Malaysia, Malaysia, Malaysia; Myanmar - Nation-wide, Myanmar; Philippines - Nation-wide, Philippines; Singapore - Nation-wide, Singapore; Thailand - Nation-wide, Thailand, Thailand; Viet Nam - Nation-wide, Vietnam
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 Rosenkranz, Peter C.
Responsible ADB Department Sectors Group
Responsible ADB Division Finance Sector Office (SG-FIN)
Executing Agencies
Asian Development Bank
Concept Clearance 05 Aug 2019
Fact Finding 15 Jul 2019 to 19 Jul 2019
Approval 18 Dec 2019
Last Review Mission -
Last PDS Update 31 Mar 2021

TA 9924-REG

Approval Signing Date Effectivity Date Closing
Original Revised Actual
18 Dec 2019 - 18 Dec 2019 31 Dec 2021 31 Dec 2023 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
0.00 1,750,000.00 0.00 0.00 0.00 0.00 1,750,000.00 09 Sep 2023 1,310,220.04

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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

Title Document Type Document Date
ASEAN Corporate Governance Scorecard Country Reports and Assessments 2019 Reports Oct 2021

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Tender Title Type Status Posting Date Deadline
International Capital Market Expert Individual - Consulting Closed
International Finance Expert (Engagement 4: Primary data collection for Plus Standards development and verification of the Plus Standard) Individual - Consulting Closed
ASEAN Capital Markets Forum (ACMF) Action Plan 2021 – 2025 Individual - Consulting Closed

Contracts Awarded

Contract Title Approval Number Contract Date Contractor | Address Executing Agency Total Contract Amount (US$) Contract Amount Financed by ADB (US$)
Capacity Development Technical Assistance 9924 28 Jan 2021 Climate Bonds Initiative (UNITED KINGDOM) | 72 Muswell Hill Place, London N103RR United Kingdom Asian Development Bank 400,000.00

Procurement Plan

None currently available.