Regional : Promoting Cross-Border Financial Transactions in the ASEAN+3 Region: Support to the Cross-Border Settlement Infrastructure Forum under the Asian Bond Markets Initiative Medium-Term Road Map, 2019-2022

Sovereign Project | 53394-001

Project Details

  • Project Officer
    Choi, Jiwoong
    Economic Research and Development Impact Department
    Request for information
  • Country/Economy
    Regional
  • Sector
    • Finance
Project Name Promoting Cross-Border Financial Transactions in the ASEAN+3 Region: Support to the Cross-Border Settlement Infrastructure Forum under the Asian Bond Markets Initiative Medium-Term Road Map, 2019-2022
Project Number 53394-001
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
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 6600-REG: Support for Cross Border Settlement Infrastructure Forum under the new Asian Bond Markets Initiative Medium-Term Road Map
Republic of Korea e-Asia and Knowledge Partnership Fund US$ 500,000.00
Operational Priorities OP6: Strengthening governance and institutional capacity
OP7: Fostering regional cooperation and integration
Sector / Subsector

Finance / Money and capital markets
Gender No gender elements
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Greater financial and macroeconomic stability in ASEAN+3 region
Project Outcome
Description of Outcome

Regional liquidity in the bond markets and risk management with cross-border transactions enhanced
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

A CSIF report produced

Reports to ABMI TF4 produced

A linkage among the central banks and CSDs in ASEAN+3 implemented
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
Business Opportunities
Consulting Services Individual consultants will be recruited through framework agreements wherein shortlisted candidates may be hired as needed for the duration of the agreement to provide international and/or national consulting inputs as required. ADB will engage the consultants and carry out procurement following the ADB Procurement Policy (2017, as amended from time to time) and its associated project administration instructions and/or staff instructions.
Responsible ADB Officer Choi, Jiwoong
Responsible ADB Department Economic Research and Development Impact Department
Responsible ADB Division Office of the Chief Economist and Director General, ERDI (EROD)
Executing Agencies
Asian Development Bank
Timetable
Concept Clearance 11 Sep 2021
Fact Finding 23 Oct 2019 to 23 Oct 2019
MRM -
Approval 18 Nov 2020
Last Review Mission -
Last PDS Update 18 Nov 2020

TA 6600-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
18 Nov 2020 - 18 Nov 2020 31 Oct 2022 31 Dec 2023 -
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 03 Oct 2022 300,351.07

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.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

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.

The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.