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| TA Name | Establishment of Credit Guarantee and Investment Mechanism (Phase III) | |||
| Country | Regional | |||
| Project Number | 40222- 01 | |||
| Fund Source/Amount[Proposed] |
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| Thematic Classification |
Economic growth
Regional Cooperation Private Sector Development |
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| Impact | The expected impact of the TA is a more integrated and stronger regional financial system by helping to (i) reduce borrowers' dependency on the banking system and by minimizing currency and maturity mismatches, and (ii) facilitate cross-border bond issuance. | |||
| Outcome | The objective of the TA is a smooth and timely establishment of CGIM and prompt commencement of operations on the basis of the proposed business plan drawn up in Phase II and subsequent agreements reached by the ASEAN+3 members. | |||
| Outputs and Timeframe |
1. Organization of capital subscriptions and their payment
2. Development of financial statements and related documents 3. Acquiring international AAA credit rating 4. Recruitment of CGIM staff 5. Road show on CGIM 6. Purchase of basic office equipment and payment to other service providers |
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| Procurement | ||||
| Consulting Services |
A. International Consultants
1. Financial sector specialist (international, 8 person-months) 2. Recruitment specialist (international, 6 person-months) 3. Accountant (international, 4 person-months) 4. Legal Expert (international, 4 person-months) 5. IT Specialist (international, 4 person-months) B. Domestic Consultants 1. Domestic consultants-a financial sector specialist (6 person-months), accountant (6 person-months), legal expert (6 person-months), IT specialist (6 person-months)-will provide support for the international consultants' completion of their respective tasks. |
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| Responsible ADB Officer |
Avonechith Siackhachanh |
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| Responsible ADB Department |
Office of Regional Economic Integration |
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| Responsible ADB Division |
Office of Regional Economic Integration |
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| Executing Agencies |
Asian Development Bank A. Noy Siackhachanh |
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| Timetable | ||||
| Concept Clearance | 29 Apr 2009 | |||
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