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

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
Nov 10, 2016
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
  • 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, etc.
Investment Amount (USD)
$ 2.00 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 Oct 22, 2017

Disclosed by Bank Nov 22, 2016


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Project 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
  • Asian Development Bank (ADB)
Contact Information
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