| TA Name |
Deposit Insurance Establishment |
| Country |
Regional |
| TA Number |
7337 |
| Project Number |
43074-
01 |
| Fund Source/Amount[Approved] |
| PRC Regional Coop. and Poverty Reduction Fund |
US$500,000
|
|
| Thematic Classification |
Regional Cooperation
|
| Linkage to Country/Regional Strategy |
The PRC CPS (2008-2010) provides for continuing institutional reforms in the finance sector (pages 14-15). The Mongolia CSP Update (2007-2009 provides for improvements in the financial sector to increase the supply of rural and longer-term finance (page 4). The proposed R-PATA will help both countries to physically establish long-planned deposit insurance systems (DIS).
|
| Impact |
The impact of this R-PATA will be improved confidence in, and stability of, the financial sectors in the PRC and Mongolia, as measured by the full operation of a DIS in both countries by end-2013.
|
|
|
| Geographical Location |
Urban and rural, regional at specified border locations
Mongolia/PRC and Vietnam/PRC |
| Summary of Environmental and Social Issues |
None.
|
| Stakeholder Participation and Consultation |
EAFM has held discussions in Mongolia with MOF and the banking supervision offices of the BOM. In the PRC, it has held discussions with the MOF and the Financial Stability Bureau of the People's Bank of China. In both countries, it has held discussions with commercial banks. Further consultations will be undertaken during the fact finding phase of the TA.
|
| Procurement |
| Consulting Services |
The consultants will consist of 2 international (8 person-months) and 4 national experts (2 eacy for PRC and Mongolia, total 10 person-months) in deposit insurance legal issues, deposit insurance financing arrangements, and human resources management for deposit insurance.
|
| Responsible ADB Officer |
Harriet (Betty) Wilkinson
|
| Responsible ADB Department |
East Asia Department
|
| Responsible ADB Division |
Fin. Sector, Public Mgt. & Regional Cooperation Div, EARD
|
| Executing Agencies |
Asian Development Bank
|
| Concept Clearance |
14 Apr 2009 |
| Fact-finding |
14 Feb 2009
to 17 Feb 2009
|
| Approval |
27 Aug 2009 |
| ADB |
Others |
Gov |
Total |
Approved Amount |
Revised Amount |
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$500,000.00
|
$0.00
|
| Total Commitment |
Uncommited Balance |
Total Disbursement |
Undisbursed Balance |
|
$0.00
|
$500,000.00
|
$0.00
|
$500,000.00
|
|
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