Strengthening the Local Government Bond Market (ADB-48169-001)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Specific Location
West Java
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Approved
Bank Risk Rating
A
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.
Voting Date
Oct 30, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Indonesia, Directorate General Fiscal Balance
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)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.42 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 Oct 14, 2018

Disclosed by Bank Sep 29, 2016


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Project Description

According to ADB website, ADB has identified lack of infrastructure as a binding constraint in the development of Indonesian's economy. The government also shared the same views and estimated investment needs for infrastructure within 2010-2014 to be roughly US$ 214 billion. Limited fiscal space, however, led the government to look for more private participation in infrastructure projects. The Economic Master Plan for Acceleration and Expansion of Indonesia Economic Development, 2011-2015 (MP3EI) identifies national infrastructure projects that can accelerate and expand Indonesia's economy.

The capacity development technical assistance (TA) will help to improve debt management capacity of the West Java provincial government. The impact will be a more conducive environment for subnational bonds in Indonesia based on West Java as a role model for other SNGs. The outcome will be a well functioning debt management unit in West Java.

 

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Project Officer: Rabin I. Hattari
Southeast Asia Department, ADB
No contact information provided at the time of disclosure.

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