Indonesia: Financial Market Development and Inclusion Program (Subprogram 2) (ADB-48207-002)

Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Specific Location
Nation-wide
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
Active
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.
Voting Date
Jun 28, 2017
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
The Government of the Republic of Indonesia
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)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 400.80 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)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 400.80 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Apr 2, 2019

Disclosed by Bank Jun 24, 2014


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to the bank document, the loan-single tranche was released on 15 Sept 2017. The piggybacked TA became Effective on 19 Sept 2017. The TA is ongoing and following are the detailed activities.

The TA has engaged:

i) International Financial Inclusion Expert,

ii) National Financial Inclusion Project Manager,

ii) National Fintech Expert,

iii) International Digital Platform Development Experts,

iv) International Youth Engagement Expert,

v) National Experiential Financial Literacy Teacher Training Firm, and

vi) International Monitoring and Evaluation Expert to support the implementation of the activities under the TA outputs of : i)increasing access to finance through innovative approaches, ii) financial literacy, and iii) consumer protection.

Investment Description
  • Asian Development Bank (ADB)

Loan 3541-INO: Financial Market Development and Inclusion Program (Subprogram 2) (ADB) US$ 400.00 million

TA 9333-INO: Promoting Innovative Financial Inclusion (ABD) US$ 0.8 million

Contact Information

Executing Agencies

Ministry of Finance
AYUSUKORINI@GMAIL.COM
Frans Seda Building
Jln. Dr. Wahidin Raya No. 1
Jakarta 10710, Indonesia

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