Strengthening the Implementation of Regional Cooperation and Integration Initiatives of South Asian Association for Regional Cooperation (ADB-53409-001)

Countries
  • Afghanistan
  • Bangladesh
  • Bhutan
  • India
  • Maldives
  • Nepal
  • Pakistan
  • Sri Lanka
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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."
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
  • Law and Government
  • Transport
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.80 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 Mar 13, 2020

Disclosed by Bank Feb 17, 2020

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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 the bank website, "The technical assistance (TA) aims to support the South Asian Association for Regional Cooperation (SAARC) and its eight member states in implementing policies and measures directed at increasing integration levels in and reinforcing the growth momentum of the region.

It aims to create greater and higher quality connectivity between economies, global and regional trade and investment opportunities expanded, and regional public goods increased and diversified.
The TA is also aligned with the country programs as all SAARC member states put premium on RCI as one key aspect to address national and regional development issues."

According to project documents, this TA is categorized as low risk.

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

Technical Assistance Special Fund US$ 300,000.00.
Regional Cooperation and Integration Fund US$ 500,000.00.


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.

Responsible ADB Officer: Li, Dongxiang
Responsible ADB: Department South Asia Department
Responsible ADB Division: Regional Cooperation and Operations Coordination Div, SARD

Executing Agencies
Asian Development Bank
Dongxiang Li, Lead Regional Cooperation Specialist
dongxiangli@adb.org
6 ADB Avenue, Mandaluyong City 1550, Philippines 
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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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