TA-9324 MYA: Support for strengthening business climate – Capital Market Development, Phase 1 and 2

Description of Project:

The project aimed to support the development of the domestic capital markets in Myanmar through Phase 1-4, while the consulting contract was to support Phase 1 - Diagnostics; and Phase 2 - Development of a capital market master plan. Specifically:

·         completed a comprehensive diagnostic review of the current state of the finance sector, including the quality of infrastructure, the appropriateness of the operational and governance framework, and the capacity of key stakeholders to support a capital market development plan;

·         presented the draft diagnostics report to stakeholders and conduct a series of workshops and seminars to gain and, if appropriate, incorporate stakeholder feedback;

·         prepared a draft 20-year framework supported with a series of 5-year implementation plans;

·         finalized the capital market development plan, along with the proposed periodic stock-take and update methodology, to present its recommendations to the ADB and the government for review and final approval;

·         provided capacity development (workshops/ seminars) to the relevant government agencies.

Description of actual services provided by your staff within the assignment:

·         Attended meetings and explain the project team about the requirements of senior officials;

·         Made appointments in advance of the field visits as requested;

·         Gathered data and conduct researches as requested;

·   Provided inputs for the comprehensive diagnostic review, 20-year framework, 5-year implementation plans, capital market development plan.