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ADB Assistance for Domestic Capital Market Development

ADB Assistance for Domestic Capital Market Development

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Evaluation Study
Operations Evaluation Department
Reference Number: SES: OTH 2008-36Special Evaluation StudySeptember 2008
ADB Assistance for Domestic Capital MarketDevelopment
ADB Asian Development BankADF Asian Development FundASEAN Association of Southeast Asian NationsCPS country partnership strategyDFI development finance institutionDMC developing member countryESW economic and sector workFIRST Financial Sector Reform and StrengtheningFSAP Financial Sector Assessment ProgramGDP gross domestic productIFC International Finance CorporationIFRS international financial reporting standardsIMF International Monetary FundIOSCO International Organization of Securities CommissionsIPO initial public offerNBFI non-bank financial institutionNSS National Savings SchemeOCO Office of Cofinancing OperationsOECD Organisation for Economic Co-operation and DevelopmentOED Operations Evaluation DepartmentOREI Office of Regional Economic IntegrationOTC over-the-counterPRC People’s Republic of ChinaPSE Philippines Stock ExchangePSOD Private Sector Operations DepartmentQIB qualified institutional buyerSES special evaluation studySOE state-owned enterpriseSME small- and medium-sized enterpriseSRO self-regulatory organizationTA technical assistanceUK United KingdomUS United StatesUSAID United States Agency for International Development
 (i) In this report, "$" refers to US dollars.
Key Words
asian development bank, assistance, bond market, capital market development, equitymarket, financial sector, indonesia, mongolia, pakistan, philippines, securities, sri lanka,viet nam.
Ramesh Adhikari, Operations Evaluation Division 1
Team leader
Henrike Feig, Principal Evaluation Specialist, Operations EvaluationDepartment, Division 2
Team members
Ma. Juana Dimayuga, Evaluation Officer, Operations EvaluationDepartment, Division 2Irene Garganta, Operations Evaluation Assistant, OperationsEvaluation Department, Division 2
Operations Evaluation Department, SS-093

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