Support to the Association of Southeast Asian Nations Economic Community (ADB-50172-002)

Regions
  • East Asia and Pacific
  • South Asia
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 10, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Regional
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 2.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jul 2, 2020

Disclosed by Bank Nov 22, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to Technical Assistance Report, the Association of Southeast Asian Nations (ASEAN) member states inaugurated the ASEAN Economic Community (AEC) along with the AEC Blueprint 20251 at the Kuala Lumpur Leaders’ Summit in November 2015—8 years after the endorsement of the first AEC Blueprint 2015. The AEC Blueprint 2015 has acted as the master plan in guiding the region’s process of market integration and competiveness improvement. It was built on the following four interrelated pillars:
1. A single market and production base that enjoys the free flow of goods, services, investment, capital, and skilled labor
2. A competitive economic region
3. Equitable economic development; and (iv) integration with the global economy.

The proposed TA is included in the Regional Cooperation and Integration Pipeline for Southeast Asia, 2015–2017 and is consistent with the priorities of strengthening regional cooperation and integration and competitiveness in the following country partnership strategies: 3 2014–2018 for Cambodia; 2012–2016 for the Lao People's Democratic Republic (Lao PDR); 2011–2016 for the Philippines; and 2016–2019 for Indonesia. It supports the Midterm Review of Strategy 2020. The TA impact is a more dynamic and competitive region with a single market and production base achieved, which is aligned with Blueprint 2025. The TA outcome is implementation of the AEC commitments in priority areas improved.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Project Officer: Lozano Astray, Maria Cristina
Southeast Asia 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

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How it works