Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3 (ADB-50057-001)

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
Jan 26, 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
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)
$ 0.50 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 1, 2017

Disclosed by Bank Aug 24, 2016


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Project Description
According to ADB Technical Assistance Report, the ASEAN plus the People’s Republic of China (PRC), Japan, and the Republic of Korea (ASEAN+3) launched the Asian Bond Markets Initiative (ABMI) in December 2002 to (i) foster the development of local currency bond markets as an alternative source of funding to short-term foreign currency loans, and (ii) promote regional financial cooperation and integration for a more resilient financial system. More developed local currency bond markets would (i) help the ASEAN+3 region mobilize savings to meet its long-term investment needs, particularly for infrastructure development; and (ii) reduce its vulnerability to the sudden reversal of capital inflows, thereby strengthening the region’s financial stability. The impact will be strengthened financial stability and support to sustainable development in the region. The outcome will be increased green local currency-denominated bonds for infrastructure finance.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Siackhachanh, Avonechith Economic Research and Regional Cooperation 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