fbpx 53300-001: Creating Ecosystems for Green Local Currency Bonds for Infrastructure Development in ASEAN+3 | Asian Development Bank

Regional: Creating Ecosystems for Green Local Currency Bonds for Infrastructure Development in ASEAN+3

Sovereign (Public) Project | 53300-001 Status: Active

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
  • Regional
Sector
  • Finance
 
Project Name Creating Ecosystems for Green Local Currency Bonds for Infrastructure Development in ASEAN+3
Project Number 53300-001
Country 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
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9953-REG: Creating Ecosystems for Green Local Currency Bonds for Infrastructure Development in ASEAN+3
People's Republic of China Poverty Reduction and Regional Cooperation Fund US$ 500,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Finance / Infrastructure finance and investment funds - Money and capital markets

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)
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
6 ADB Avenue,
Mandaluyong City 1550, Philippines
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 - -
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 04 Mar 2020 22,400.00

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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

Tender Title Type Status Posting Date Deadline
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.