Regional : Improving Competitiveness and Regulatory Environment for Digital Economy

Sovereign Project | 57129-001

Digital regulatory cooperation is essential for developing economies to take full advantage of the opportunities offered by digitalization. As consumers and producers continue to adopt online purchasing, digital transactions and the remote delivery of services, digital regulatory frameworks are gradually adapting to changing needs. The knowledge and support TA will strengthen DMCs' understanding of the role and impact of regulatory regimes in the digital economy by creating awareness on the design and policy options available, identifying the existing gaps, assessing the economic implications, and devising strategies to undertake the digital transformation.

Project Details

  • Project Officer
    Avendano Pabon, Rolando
    Economic Research and Development Impact Department
    Request for information
  • Country/Economy
    Regional
  • Sector
    • Industry and trade
Project Name
Improving Competitiveness and Regulatory Environment for Digital Economy
Project Number
57129-001
Country / Economy
  • Regional
Project Status
Active
Project Type / Modality of Assistance
  • Technical Assistance
Source of Funding / Amount
TA 10272-REG: Improving Competitiveness and Regulatory Environment for Digital Economy
Source Amount
Technical Assistance Special Fund US$ 750,000.00
Operational Priorities
  • OP1: Addressing remaining poverty and reducing inequalities
  • OP6: Strengthening governance and institutional capacity
  • OP7: Fostering regional cooperation and integration
Sector / Subsector
  • Industry and trade / Small and medium enterprise development - Trade and services

Gender
No gender elements
Description
Digital regulatory cooperation is essential for developing economies to take full advantage of the opportunities offered by digitalization. As consumers and producers continue to adopt online purchasing, digital transactions and the remote delivery of services, digital regulatory frameworks are gradually adapting to changing needs. The knowledge and support TA will strengthen DMCs' understanding of the role and impact of regulatory regimes in the digital economy by creating awareness on the design and policy options available, identifying the existing gaps, assessing the economic implications, and devising strategies to undertake the digital transformation.
Project Rationale and Linkage to Country/Regional Strategy

Digital regulatory regimes are essential for economies' capacity to adopt digital transformation policies. While digital technologies have increased ease in doing business and widened consumer choice, they also pose new risks to safety, privacy, and security. Legal and regulatory environments should keep up and adapt with the rapidly changing digital environment.

Although there is more awareness among ADB developing member countries (DMCs) of the importance of regulatory regimes, their potential for promoting, or hindering, economic development, is not well understood. DMCs' adoption and alignment with international standards in cybersecurity, data privacy, and digital identity remains limited in the region, whereas other pillars of digital integration, including competition, procurement, cross-border data policies, foreign direct investment, intellectual property rights and technical standards, require further consideration.

Impact

Institutional capacity and regional cooperation on digital regulatory framework enhanced.

Project Outcome

Description of Outcome

Capacity of DMCs to assess and adopt digital regulatory regimes in line with international standards of digital cooperation improved.

Progress Toward Outcome

Implementation Progress

Description of Project Outputs

Knowledge products on digital policies, regulatory regimes, and economic performance produced.

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Regional

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 individual selection to provide international and national consulting inputs. Consulting firms may be recruited to provide expertise on platform management, using quality- and cost-based selection with a 90:10 qualitycost ratio. As needed, other methods such as single-source selection will be utilized with proper justification. Resource personsinternationally distinguished experts, who could include ADB staffwill be engaged to present or facilitate discussions at summits and conferences, dissemination seminars, and other knowledge events. The consultants will be engaged following the ADB Procurement Policy (2017, as amended from time to time) and its associated project administration instructions and/or staff instructions.
Procurement
The purchase of information technology equipment (computer hardware and software) and statistical databases will follow the ADB Procurement Policy (2017, as amended from time to time). After the TA is completed, the TA team will dispose of any procured equipment in compliance with the project administration instructions on administering grant-financed TA projects. Disbursements under the TA will be made in accordance with ADB's Technical Assistance Disbursement Handbook (2020, as amended from time to time).

Contact

Responsible ADB Officer
Avendano Pabon, Rolando
Responsible ADB Department
Economic Research and Development Impact Department
Responsible ADB Division
Regional Cooperation and Integration Division (ERCI)
Executing Agencies
Asian Development Bank

Timetable

Concept Clearance
29 Jun 2023
Fact Finding
17 May 2023 to 17 May 2023
MRM
-
Approval
29 Dec 2023
Last Review Mission
-
Last PDS Update
03 Jan 2024

Funding

TA 10272-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
29 Dec 2023 - 29 Dec 2023 31 Dec 2025 - -
Financing Plan/TA Utilization
ADB Cofinancing Counterpart Total
Gov Beneficiaries Project Sponsor Others
750,000.00 0.00 0.00 0.00 0.00 0.00 750,000.00
Cumulative Disbursements
Date Amount
23 Jan 2024 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.

Title Document Type Document Date
Improving Competitiveness and Regulatory Environment for Digital Economy: Technical Assistance Report Technical Assistance Reports Dec 2023

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.