Capacity Building in Support of Monetary and Financial Integration of the Association of Southeast A (ADB-49275-001)

Regions
  • East Asia and Pacific
  • South Asia
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
Approved
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 18, 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
Regional
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)
$ 0.85 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 6, 2017

Disclosed by Bank Jan 6, 2016


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Project Description
According to bank documents, the TA will support the central banks of the ASEAN to realize monetary and financial integration under the ASEAN Economic Community. The TA is in line with the Asian Development Bank (ADB) Midterm Review of Strategy 20201 which indicates that ADB will strengthen financial and monetary cooperation for greater financial, fiscal, and macroeconomic stability in the region. The TA also supports one of the four pillars of the Regional Cooperation and Integration Strategy which calls for supporting regional monetary and financial cooperation and integration. Capacity building in support of ASEAN monetary and financial integration has two aspects: (i) institution building (e.g., with respect to regulations and market infrastructure),which needs to take place within each country, and be supported through national finance sector programs; and (ii) development of human resources, which can be supported regionally through knowledge- sharing with peer central banks.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Yamadera, Satoru Economic Research and Regional Cooperation Department 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