David A Raitzer Libri

This Bond Market Guide reports on the significant developments expected in Cambodia’s bond market, including the issuance of corporate and government bonds and subsequent debt securities listings on the Cambodia Securities Exchange.Among the long-term development objectives of Cambodia’s Financial Sector Development Strategy 2011–2020 were to develop the government securities market and to issue government bonds by the National Treasury. In 2010, the Cambodia Securities Exchange (CSX) was established. The National Bank of Cambodia began issuing negotiable certificates of deposit in 2013, effectively creating an interbank money market.Fundamental legislation and key legislation for the securities market came into effect in 2007 with the adoption of the Law on Government Securities and the Law on the Issuance and Trading of Non-Government Securities. The Securities and Exchange Commission of Cambodia (SECC) was inaugurated in 2008 and it has been gradually establishing the necessary regulatory framework and practices for a corporate bond market. The CSX has been operating since 2010 and features comprehensive listing rules. While the present listings are limited to equities, it is expected that the CSX will allow the listing and trading of debt securities as well.

ASEAN 3 policy makers are exploring options to promote green local currency-denominated bonds to meet the region’s infrastructure development needs.The Asian Development Bank and the Association of Southeast Asian Nations and the People’s Republic of China, Japan, and the Republic of Korea (ASEAN 3) are looking to explore options to promote green local currency-denominated bonds to meet the region’s infrastructure development needs. Green bonds—supported within the ASEAN 3 framework—would help meet the long-term financing of the region especially in its transition to a low-carbon region. This publication highlights an assessment study of green bond markets in ASEAN 3, identifies the barriers to green bond market development, and proposes recommendations to scale up green bond markets for infrastructure development in ASEAN 3.

Road authorities in CAREC countries are encouraged to include road safety as an integral part of the planning, design, and operation of all road worksites under the Central Asia Regional Economic Cooperation (CAREC) program.This manual explains how to provide safer road worksites on CAREC roads. It explains good practices for roadwork sites, offering clear and simple guidance for CAREC road authorities to use to improve road safety at these sites for road users and workers alike. It offers information about the six-zone process, how to plan and implement a traffic management plan, and how to manage a safe worksite. This manual is essential reading for project managers, designers, supervision consultants, contractors, works supervisors and others who have a responsibility for safe worksites.

The new framework for cooperative approaches and mechanisms under Article 6 of the Paris Agreement charts a path for the resurgence of carbon markets. However, the modalities, rules, and guidance are yet to be fully elaborated. Article 6 is a key part of the Paris Agreement. It allows Parties to voluntarily cooperate to meet their Nationally Determined Contributions, providing for international transfers of mitigation outcomes, a new mechanism for mitigation and sustainable development, and non-market approaches. Article 6 establishes the foundation for a post 2020 carbon market, but there are still many complex issues to be discussed and decided among Parties to finalize the Paris Agreement rulebook by the end of 2018. This publication examines the options for establishing guidance, rules, and modalities for the key elements of Article 6, decoding issues such as internationally transferred mitigation outcomes, environmental integrity, double counting and corresponding adjustments.

This case study examines selected urban development projects of the local government engineering department in Bangladesh, with focus on mechanisms to foster gender equality and women empowerment.ADB supports the institutionalization of gender equality in government agencies to enhance their gender-responsiveness and sustainability of gender equality results. The Bangladesh Local Government Engineering Department (LGED) is a trailblazer in mainstreaming gender equality in its policies, systems, and programs. This has resulted in women’s greater benefit from ADB-assisted projects and in their increased participation in decision making for inclusive urban development. This report presents the results of a stocktaking of LGED’s gender mainstreaming practices particularly in ADB-financed urban development projects. Find out more about the lessons identified and recommendations offered to enhance LGED’s approaches to achieving gender equality and women’s empowerment in Bangladesh.

Documents Asia's progress in regional cooperation and integration. The report covers the 48 regional members of the Asian Development Bank and analyses regional as well as global economic linkages.

CAREC countries has committed to road safety as a key objective in implementing road projects. The road safety audit process will be an integral part of the planning, design, and construction of road projects within the CAREC region. Research indicates that up to 28% of crashes are due to the road environment. The most important objective of road safety audit is to minimize crashes, and to minimize the severity of any crashes that may occur on a new road project. The series of road safety engineering manuals of the Central Asia Regional Economic Cooperation (CAREC) Program came from the endorsement of the CAREC Road Safety Strategy 2017-2030 by member countries. The strategy supports and encourages CAREC authorities to plan, design, construct, and maintain safe roads. This manual also explains the road safety audit process as it can apply in CAREC road projects. It provides information about the audit process for those who undertake the audits (practitioners) and for those who manage the audit process (policy makers).

This review recommends possible extension and/or realignment of economic corridors to enhance their effectiveness and efficiency in advancing economic integration in the Greater Mekong Subregion.The economic corridor approach was adopted by the Greater Mekong Subregion (GMS) countries in 1998 to help accelerate subregional development. The development of economic corridors links production, trade, and infrastructure within a specific geographic area. The review of these corridors was conducted to take into account the opening up of Myanmar and ensure that there is a close match between corridor routes and trade flows; GMS capitals and major urban centers are connected to each other; and the corridors are linked with maritime gateways. The review came up with recommendations for possible extension and/or realignment of the corridors, and adoption of a classification system for corridor development. The GMS Ministers endorsed the recommendations of the study at the 21st GMS Ministerial Conference in Thailand in 2016.

This Bond Market Guide provides an update for current and future domestic, regional, and international market participants on the tremendous developments in the Myanmar securities market.The Republic of the Union of Myanmar began to emphasize the development of its financial and capital markets in 2008. Much has been achieved since then.There were a number of significant milestones in the Myanmar financial and capital markets in 2013, including the Central Bank of Myanmar gaining its independence by law from the then Ministry of Finance, and the passage of the Securities Exchange Law (SEL). The SEL (i) laid the foundation for the key legal framework for the securities market, (ii) established the Securities and Exchange Commission of Myanmar and the Yangon Stock Exchange, and (iii) defined market participants and their activities.