Inclusive Financial Sector Development Program, Subprogram 2 (ADB-44263-015)

Countries
  • Cambodia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of Cambodia
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 27, 2018

Disclosed by Bank Apr 3, 2018


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Project Description

According to the bank document, Following the successful implementation of previous and ongoing ADB Financial Sector Programs (FSP and IFSD 1), which demonstrated effective and flexible ways of converting complex policy objectives into implementable policy actions, the government requested continued ADB support to the finance sector through a policy-based loan. The proposed Inclusive Financial Sector Development Program (IFSDP) for a total of $120 million equivalent, from the Asian Development Fund (ADF) comprises three subprograms. This being the second (IFSD 2), it is included in the country operations business plan (COBP) 2018-2020. It has been designed in line with Cambodia's Financial Sector Development Strategy (FSDS) 2016-2025.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Responsible ADB Officer Ainabe, Benita
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SERD

Executing Agencies

National Bank of Cambodia
P.O. Box 25, 22-24 Norodom Blvd., Phnom Penh, Cambodia

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main