Contribute Information
Can you contribute information about this project?
Contact the EWS Team
According to the Bank’s website, the TA will support capacity building for financial institutions in South and Southeast Asian DMCs to enable the finance sector to increase investment flows to sustainable finance projects. It will also support activities designed to build a pipeline of aligned financial institution investment projects, as well as to prepare funding applications, conduct due diligence, and support the bankability of ADB private sector investments, including blended finance from the CTF Financial Institutions Program.
The TA will support financial institutions in the region through technical expertise, advisory services, and other development activities that promote the implementation of more robust sustainable finance strategies by financial institutions and contribute to increase financing flows toward reaching NDC targets in the selected countries. This could include developing new financial products, such as green bonds or sustainability-linked loans, and growing the share of financial institution lending deemed “sustainability aligned.” TA funding could also be deployed to support financial institutions’ implementation of sustainability priorities, including (i) product design, and related training and awareness building to launch new products to market; (ii) developing reporting frameworks for sustainable loan or bond implementation; (iii) applying tools to track and reports on energy usage; (iv) designing credible financial institution sector and region portfolio exposure risk maps and associated risk management measures; and (v) fostering capacity building through knowledge partnerships between financial institutions and other stakeholders, such as project developers, bond framework verifiers, and other technical support providers.
According to the Technical Assistance Report, the Risk Categories are:
Environment: Not Applicable
Involuntary Resettlement: Not Applicable
Indigenous Peoples: Not Applicable
The TA financing amount is $3,000,000, which will be financed on a grant basis by the Clean Technology Fund (CTF) and administered by ADB. Additional funding from other sources may be contributed to support the TA implementation.
No contacts available at the time of disclosure.
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.adb.org/forms/request-information-form
ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals
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.