Enhancing the Regulatory Framework of Financial Sector Development and Oversight (ADB-48466-001)

Countries
  • Indonesia
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
Active
Bank Risk Rating
B
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
Dec 16, 2015
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
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.50 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)
$ 1.50 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 Aug 2, 2017

Disclosed by Bank Jan 5, 2016


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Project Description
The proposed technical assistance (TA) aims to support the Government of Indonesia in enhancing the regulatory framework of financial sector development and its oversight at the newly established Financial Sector Agency or Otoritas Jasa Keuangan (OJK) and at the Ministry of Finance (MOF). The oversight of financial sector in Indonesia entered a new phase with establishment of OJK, which is now responsible for regulating banking sector, capital market, and non-bank financial institutions. The establishment of OJK also gives Ministry of Finance (MOF) a new responsibility as the institution which is responsible for policy making for the financial sector lies.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Fiscal Policy Office-Ministry of Finance Gedung RM Notohamiprojo, 8th floor Jl. DR. Wahidin No. 1 Jakarta, 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