Financial Sector Development Partnership Fund
What is the Financial Sector Development Partnership Fund?
The Financial Sector Development Partnership Fund is aimed at strengthening regional, subregional, and national financial systems in Asia and the Pacific. The fund was established in August 2006.
What are the priorities?
The fund finances a program of projects, including technical assistance operations, components of investment projects, and stand-alone grant-financed activities, focusing on the financial sector. The fund is set up as a multi-donor fund, and other donors are welcome to join.
What kind of activities will be financed from the fund?
Eligible activities include:
- promoting regional markets;
- improving the policy, legal, regulatory, and supervisory frameworks, including corporate governance, internationally recognized standards and codes, financial system stability assessments, and financial sector assessment programs;
- strengthening and modernizing local financial institutions;
- improving access to financial services by the poor; and
- improving the general investment climate.
Who is eligible to receive the fund grants?
All developing member countries of ADB are eligible for assistance under the fund, however, activities in the Lao People’s Democratic Republic, Mongolia, and Viet Nam, as well as regional activities in the Greater Mekong Subregion are given priority for Luxembourg’s assistance.
Who supports the fund?
The Government of Luxembourg supports the fund.