by Kaisar | Apr 23, 2015 | Financial Integration, Projects
Status: Completed This project aimed to strengthen the capacity of Central Banks/Monetary Authority from certain ASEAN member states to implement strategies and plans to achieve the objectives of financial integration under the ASEAN Economic Community (AEC). The project was comprised of a series of customised learning programmes for BCLMV focusing on the following topics: Bank Management School, Risk-Based Supervision (Basic), Course on Consolidated Supervision, Intermediate Payment and Settlement Systems for Emerging Economies (back-to back with Basic), Intermediate Course on Macroeconomic and Monetary Policy Management, Workshop on Operationalizing Capital Account Liberalisation in Emerging Market Economies. The project was a joint undertaking between AADCP II, the ASEAN Development Bank and The South East Asian Central Banks (SEACEN) Research and Training Centre (SEACEN). This project concluded in October 2014. For more information, please contact ASEAN Secretariat Financial Integration...
by Kaisar | Apr 23, 2015 | Connectivity, Projects
Status: Completed South East Asia’s electricity consumption will increase significantly over the coming decades as forecasted by the International Energy Agency (IEA). If electricity supply continues to rely heavily on fossil fuels, this will put increasing pressure on the environment as well as national and global resources. Combined, the existing and planned policy and regulatory frameworks aim to shape the development of South East Asia’s power sectors. These frameworks should identify investment needs, attract sufficient investment sources, and also provide guidance on technologies for investment. Sound frameworks can ensure reliable electricity supply while aiming to limit environmental impacts and inefficient electricity systems in the region. The project aimed to guidance to policy makers in response to these demands by establishing and strengthening the necessary institutions and frameworks for such electricity systems. These responses are expected to identify and deliver more timely and efficient investments, and incentivize more private investments and better technology choices as well as more efficient operational behavior. The project was undertaken by the IEA as a research and policy advice project and include strong cooperation and interaction with the ASEAN Secretariat, HAPUA, power sector officials and private sector companies. Download report: Development Prospects of the ASEAN Power Sector – Towards an Integrated Electricity Market....
by Kaisar | Apr 23, 2015 | Connectivity, Projects
Status : Completed The demand for infrastructure is increasing rapidly as the ASEAN region copes with urbanization, high rates of growth, and the push for greater regional integration and connectivity. While the drivers for infrastructure investments vary from country to country, the overall financing gap remains wide. Already overstretched public finances, with limited scope for expanding the concessional Official Development Assistance (ODA) resource envelope – either because of country-specific ceilings on receiving ODA, or due to their status as Middle Income Countries (MICs) – means that governments must consider alternative financing models to leverage private capital into infrastructure. Recognizing the centrality of infrastructure in the region’s development, and the imperative to engage and partner with the private sector, ASEAN has launched several initiatives, including the Master Plan on ASEAN Connectivity (MPAC), the Brunei Action Plan (BAP), the ASEAN Infrastructure Financing Mechanism (AIFM) and the ASEAN Infrastructure Fund (AIF) to identify key infrastructure development priorities, and innovative financing mechanisms. ASEAN Member States are committed to involving the private sector as a source of private capital and expertise in developing sustainable infrastructure projects to support the MPAC. The World Bank has worked very closely with the ASEAN Secretariat as a core team member in the development of the MPAC as well as the establishment of the WB-ASEAN Infrastructure Finance Network. The lack of bankable projects remains the key bottleneck to the flow of private capital in infrastructure. There is therefore a need for ASEAN Member States to develop models of Public-Private-Partnership (PPP) which reach financial close. The project aims to establish an ASEAN PPP Program (APP) to support ASEAN Member States in...
by Kaisar | Apr 20, 2015 | Projects, Services
Status: completed The implementation of MRA on Tourism Professionals will result in the mutual recognition of tourism professionals based on certificates. In order to allow users, which may include tourism service providers, to access data of certified tourism professionals, a database facility needs to be established and maintained. The ATPRS is a web-based facility to register and disseminate details on certified ASEAN Tourism Professionals (ATPs). As a key component of MRA, ATPRS will serve as a job-matching platform between the industry and ATPs. More than 6,000 ATPs are expected to register in the first year of MRA implementation, with numbers expected to continuously increase in following years in line with the increased awareness about this arrangement. This project supports the development of the ATPRS. It conducts a scoping study to identify the necessary components and mechanisms to be included in the system and develop the ATPRS web-based system. Once developed, the ATPRS will be managed and maintained by the Regional Secretariat of ATP that is currently being established in Indonesia. As per July 2016, the ATPRS is online. Please click here to visit ATPRS. Related Projects: Feasibility Study for the Establishment of a Regional Secretariat for Tourism Professionals Gap Analysis on Implementation of MRA on Tourism Professionals...
by Kaisar | Apr 20, 2015 | Projects, Services
Status: Completed. Implementation of the Mutual Recognition Arrangements (MRAs) is an important measure in achieving the free flow of services and skilled labour towards the AEC in 2015. The currently agreed Mutual Recognition Arrangement (MRA) on accountancy services only provides the framework and procedures for Member States to work together to further develop bilateral or plurilateral MRAs. While the development of an ASEAN-wide MRA on accountancy services is already nearing completion, lessons learned from other MRAs indicate that further work still needs to be done on the promotion of further mobility. The Project is expected to study and suggest way forward to transform its existing Framework Mutual Recognition and the ASEAN-wide MRA (once completed) as well as other relevant initiatives into a well-functioning mechanism to facilitate mobility of professionals. The key output of the project is a roadmap that will put thorough sequenced measures that will create an enabling environment for MRA implementation, develop infrastructure and support mechanism, and strengthen coordination and processes. Please contact ASEAN’s Services and Investment Division for further information on the report. Related Project: Handbook on Core Competencies and Domestic Regulations in the Engineering, Architecture, Accounting and Surveying...
by Kaisar | Apr 20, 2015 | Projects, Services
Status: Completed. Implementation of the Mutual Recognition Arrangements (MRAs) is an important measure in achieving the free flow of services and skilled labour towards the AEC in 2015. The currently agreed Mutual Recognition Arrangement (MRA) on surveying services only provide the framework and procedures for Member States to work together to further develop bilateral or plurilateral MRAs. The Project is expected to study and suggest a way forward to transform its existing Mutual Recognition Framework, as well as other relevant initiatives, into a well-functioning mechanism to facilitate mobility of professionals by developing the appropriate roadmap/implementation plan. This project is now completed. Please contact ASEAN’s Services and Investment Division for further information on the report. Related Project: Handbook on Core Competencies and Domestic Regulations in the Engineering, Architecture, Accounting and Surveying...
