Regional: Creating Ecosystems for Green Local Currency Bonds for Infrastructure Development in ASEAN+3
The proposed knowledge and support regional technical assistance (TA) will support financial cooperation and integration among policy makers in the Association of Southeast Asian Nations (ASEAN) plus the People's Republic of China (PRC), Japan, and the Republic of Korea (collectively known as ASEAN+3) on the development of green local currency denominated bonds for infrastructure development in ASEAN+3.
Project Details
-
Project Officer
Puongsophol, Kosintr
Economic Research and Regional Cooperation Department
Request for information -
Country/Economy
Regional -
Sector
- Finance
| Project Name | Creating Ecosystems for Green Local Currency Bonds for Infrastructure Development in ASEAN+3 | ||||
| Project Number | 53300-001 | ||||
| Country / Economy | Regional Brunei Darussalam Cambodia Indonesia Korea, Republic of Lao People's Democratic Republic Malaysia Myanmar Philippines China, People's Republic of Singapore Thailand Viet Nam |
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| Project Status | Active | ||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth Regional integration |
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| Drivers of Change | Governance and capacity development Knowledge solutions Partnerships Private sector development |
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| Sector / Subsector | Finance / Infrastructure finance and investment funds - Money and capital markets |
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| Gender Equity and Mainstreaming | No gender elements | ||||
| Description | The proposed knowledge and support regional technical assistance (TA) will support financial cooperation and integration among policy makers in the Association of Southeast Asian Nations (ASEAN) plus the People's Republic of China (PRC), Japan, and the Republic of Korea (collectively known as ASEAN+3) on the development of green local currency denominated bonds for infrastructure development in ASEAN+3. | ||||
| Project Rationale and Linkage to Country/Regional Strategy | The proposed TA is designed to support the creation of necessary ecosystems to develop green local currency financing in the region based on the assessment and recommendations of the study on 'Promoting Green Local Currency Bonds for Infrastructure Development in ASEAN+3_ which was submitted to and appreciated by the ASEAN+3 Finance Ministers and Central Bank Governors at their 21st meeting in Manila, the Philippines. Further, proposed TA will synchronize the activities with relevant regional initiatives such as the ASEAN Capital Markets Forum (ACMF), the ASEAN Working Committee on Capital Market Development (WC-CMD), Technical Assistance Coordination Team (TACT) under ABMI, and the Asia-Pacific Economic Cooperation Financial Regulators Training Initiative (APEC-FRTI). These activities include developing green local currency bond market, providing advisory services to potential issuers, support industry engagement and capacity building activities. | ||||
| Impact | Financial stability, and support for infrastructure finance deepened (regional strategy) |
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| Project Outcome | |
|---|---|
| Description of Outcome | Green local currency denominated bonds for infrastructure finance increased. |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | Demand for green bonds promoted Regional facility to support green bond issuance established |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | Brunei Darussalam - Nation-wide; Cambodia - Nation-wide; China - Nation-wide; Indonesia - Nation-wide; Korea, Republic of - Nation-wide; Lao People's Democratic Republic - Nation-wide; Malaysia - Nation-wide; Myanmar - Nation-wide; Philippines - Nation-wide; Singapore - Nation-wide; Thailand - 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 | |
| Responsible ADB Officer | Puongsophol, Kosintr |
| Responsible ADB Department | Economic Research and Regional Cooperation Department |
| Responsible ADB Division | Office of the Chief Economist, ERD |
| Executing Agencies |
Asian Development Bank |
| Timetable | |
|---|---|
| Concept Clearance | 23 Jul 2019 |
| Fact Finding | 08 Jul 2019 to 08 Jul 2019 |
| MRM | - |
| Approval | 04 Mar 2020 |
| Last Review Mission | - |
| Last PDS Update | 04 Mar 2020 |
TA 9953-REG
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 04 Mar 2020 | - | 04 Mar 2020 | 28 Feb 2022 | 30 Nov 2022 | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 0.00 | 500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 500,000.00 | 14 Sep 2022 | 362,247.09 |
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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| Title | Document Type | Document Date |
|---|---|---|
| Creating Ecosystems for Green Local Currency Bonds for Infrastructure Development in ASEAN+3: Technical Assistance Report | Technical Assistance Reports | Mar 2020 |
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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Tenders
| Tender Title | Type | Status | Posting Date | Deadline |
|---|---|---|---|---|
| Creating Ecosystems for Green Local Currency Bonds for Infrastructure Development in ASEAN+3 | Individual - Consulting | Closed | 09 Feb 2021 | 15 Feb 2021 |
| Creating Ecosystems for Green Local Currency Bonds for Infrastructure Development in ASEAN+3 | Individual - Consulting | Closed | 20 Oct 2020 | 26 Oct 2020 |
| Creating Ecosystems for Green Local Currency Bonds for Infrastructure Development in ASEAN+3 | Individual - Consulting | Closed | 01 Aug 2020 | 07 Aug 2020 |
Contracts Awarded
No contracts awarded for this project were found
Procurement Plan
None currently available.