Regional : Remittances for Inclusive Development: Improving Data and Analysis on the Financial Literacy and Inclusion of Migrants and their Families in Selected Southeast Asian Countries

Sovereign Project | 56110-001

This knowledge and support technical assistance (TA) will generate policy-relevant knowledge in the areas of remittances and financial literacy and/or inclusion of migrants and the remittance recipients in selected countries of Southeast Asia. It will generate unique, survey-based longitudinal data on remittance inflows, financial literacy, and behaviors on remittance transfer and utilization among migrants and the remittance recipients/family members in the subregion. In addition, the TA will support impact evaluations of technology-assisted financial literacy programs targeting migrants and their family members. The TA knowledge outputs will support policy decision-making to design better financial literacy programs for migrants and remittance recipient families.

Project Details

  • Project Officer
    Kikkawa Takenaka, Aiko
    Economic Research and Development Impact Department
    Request for information
  • Country/Economy
    Regional
  • Sector
    • Finance
Project Name Remittances for Inclusive Development: Improving Data and Analysis on the Financial Literacy and Inclusion of Migrants and their Families in Selected Southeast Asian Countries
Project Number 56110-001
Country / Economy Regional
Cambodia
Lao People's Democratic Republic
Philippines
Thailand
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 10034-REG: Remittances for Inclusive Development: Improving Data and Analysis on the Financial Literacy and Inclusion of Transnational Families in Selected South
Technical Assistance Special Fund US$ 1.00 million
Operational Priorities OP1: Addressing remaining poverty and reducing inequalities
OP2: Accelerating progress in gender equality
OP6: Strengthening governance and institutional capacity
OP7: Fostering regional cooperation and integration
Sector / Subsector

Finance / Inclusive finance

Gender Effective gender mainstreaming
Description This knowledge and support technical assistance (TA) will generate policy-relevant knowledge in the areas of remittances and financial literacy and/or inclusion of migrants and the remittance recipients in selected countries of Southeast Asia. It will generate unique, survey-based longitudinal data on remittance inflows, financial literacy, and behaviors on remittance transfer and utilization among migrants and the remittance recipients/family members in the subregion. In addition, the TA will support impact evaluations of technology-assisted financial literacy programs targeting migrants and their family members. The TA knowledge outputs will support policy decision-making to design better financial literacy programs for migrants and remittance recipient families.
Project Rationale and Linkage to Country/Regional Strategy Asia and the Pacific is the source region of almost 93 million international migrants in 2020, comprising one-third of the global stock. The Southeast Asia subregion hosts some hotspots of cross-border labor migration, including the Philippines where over 2.2 million Filipino workers were deployed for overseas employment in 2019 before plummeting due to the COVID-19 pandemic. The Greater Mekong Subregion hosts over 3.6 million migrants in 2020, largely those moving into Thailand for work from neighboring Cambodia, Lao PDR, and Myanmar. The large migrant population in these countries sending remittances to home countries can potentially generate investments and increases in economic well-being of migrants and the economy as a whole. However, this potential is largely untapped because of the low financial literacy of the migrants and their families. This TA would like to bridge this gap by generating survey-based longitudinal data on remittance inflows, financial literacy, and behaviors on remittance transfer and utilization among migrants and recipient-family to better understand the sector. The aim is to provide increased knowledge to better design appropriate policies in support of improved financial literacy programs with the end in view of promoting productive investments among migrants and their families.
Impact

Poverty and its concomitant social problems alleviated, and inclusive economic development of migrant origin countries promoted.

ADB's role as knowledge provider and institutional capacity of developing member countries strengthened.

Project Outcome
Description of Outcome

Productive use of remittances by migrants and their families promoted through enhanced evidence-based policy making on remittance use in Southeast Asia.

Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Two-way remittance micro survey data in three remittance corridors in Southeast Asia generated

Impacts and effectiveness of technology-driven financial literacy initiatives and/or programs targeting migrants and their families assessed and evaluated

Other knowledge gaps filled and knowledge sharing promoted to harness the development impact of remittances

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Cambodia - Nation-wide; Lao People's Democratic Republic - Nation-wide; Philippines - Nation-wide; Thailand - 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 and firm consultants will be recruited to provide international and/or national consulting inputs as required. Firm consultants will be recruited using quality- and cost-based selection, consultants' qualification selection, fixed budget selection, or single-source selection. Subject to approval of the Procurement, Portfolio, and Financial Management Department for contract amounts higher than $100,000, single-source selection will be utilized when the proposed engagement is a continuation of previously initiated work and/or there is only one firm with capacity to deliver the proposed tasks. Nonconsulting services for separately contracted data collection will be procured using open advertisement, limited competitive bidding, request for quotation, or single source selection. Support by editors and layout artists will be through individual consulting and nonconsulting services. 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.
Procurement Equipment and datasets or licenses to use certain databases may be purchased during TA implementation. Procurement will follow the ADB Procurement policy and Procurement Regulations for ADB Borrowers (2017, as amended from time to time). Where applicable, the TA team will coordinate with ADB's Procurement, Portfolio and Financial Management Department and Information and Technology Department before purchasing equipment and datasets and signing data-use agreements with DMC statistical agencies and third-party database providers. Disbursements under the TA will be made in accordance with ADB's Technical Assistance Disbursement Handbook (2020, as amended from time to time).
Responsible ADB Officer Kikkawa Takenaka, Aiko
Responsible ADB Department Economic Research and Development Impact Department
Responsible ADB Division Economic Analysis and Operational Support Division (EREA)
Executing Agencies
Asian Development Bank
Timetable
Concept Clearance 15 Sep 2022
Fact Finding 01 Apr 2022 to 29 Apr 2022
MRM -
Approval 12 Dec 2022
Last Review Mission -
Last PDS Update 12 Dec 2022

TA 10034-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
12 Dec 2022 - 12 Dec 2022 30 Nov 2025 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,000,000.00 0.00 0.00 0.00 0.00 0.00 1,000,000.00 06 Jan 2023 0.00

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.


Related Publications

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.

Tenders

No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.